After posting a ballot asking the neighborhood to vote on which crypto undertaking is to obtain an infographic, CoinMarketCap discovered itself in the course of a conflict between Cardano and VeChain. With round 15,000 voices solid for VeChain within the last seconds of the ballot, the Cardano neighborhood accused VeChain of shopping for votes. Nevertheless, regardless of the petty bickering it brought on, CoinMarketCap’s ballot revealed an enormous downside behind any form of on-line voting—a scarcity of an industry-wide identification resolution.
A CoinMarketCap ballot sparks a conflict between Cardano and VeChain
Earlier this week, CoinMarketCap posted a ballot on Twitter asking its followers to vote on which cryptocurrency needs to be the subsequent to obtain an infographic. However, what began as an attention-grabbing proposal rapidly turned poisonous as individuals started noticing irregularities within the votes. Regardless of main by a number of p.c all through many of the ballot, Cardano was worn out by VeChain in the previous couple of seconds of the ballot, when it recorded a sudden inflow of 15,000 votes for VeChain.
Right here there @CoinMarketCap listed here are the screencaps of the previous couple of seconds of the ballot closing the place @vechainofficial picked up 15,000 votes inside a second. Actually? What is the verdict?
cc: @IOHK_Charles @Cardano hat tip @EpistleGoguen 🤠 pic.twitter.com/6WxbElp5KA— Rick McCracken (@RichardMcCrackn) November 25, 2020
Many of the Cardano neighborhood, together with a few of its most influential voices, accused the VeChain neighborhood of shopping for votes. These accusations relied on screengrabs which are believed to have originated within the official VeChain Telegram group, which show some neighborhood members admitting that they’ve purchased votes.
Nevertheless, petty bickering between the 2 communities apart, the skewed votes on the ballot have really highlighted a vital downside within the {industry}—a scarcity of a complete identification resolution.
Atala PRISM to the rescue
Fast to touch upon the difficulty was Charles Hoskinson, the CEO of IOHK, the corporate behind Cardano. Whereas Hoskinson appeared unbothered concerning the outcomes of the ballot, he took the chance to spotlight the issue behind any form of on-line voting.
“An enormous surge of votes out of nowhere proper on the finish… And that is why we’d like PRISM,” Hoskinson tweeted. “No extra bots and Sybil assaults.”
What Hoskinson is referring to is Atala PRISM, a decentralized identification resolution constructed on Cardano. And whereas PRISM has many various purposes, it’s most promising one is offering identification verification—it gives a decentralized different to the difficulty of digital identification, permitting people to regulate, personal, and confirm their credentials. When mixed with its capability to leverage blockchain to make sure information and product originality, this makes Atala PRISM an ideal facilitator of on-line voting.
The flexibility to purchase votes on-line is erased when the one option to vote is with a verified on-line identification. A easy resolution that creates a tamper-proof system that not solely protects the identities of the events concerned but in addition ensures all votes solid are credible and dependable.
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