Governance Mechanism to gain Kleros Protocols

When juror is registered on Kleros, then users can start in the General Court. It follows the path of specific sub courts according to their skills. Regarding policies, session time, cost, number of the drawn jury member, and token staked, each sub court has specific features. Each token holder has token staked when they can register a given token in at most in one subcourt of each court. To choose between subcourts incentivizes juror to choose the subcourts in which they are the most skilled at. When they are able to choose every subcourt then some would choose all to get the maximum amount of arbitration fees from their tokens. Kleros protocols gain users; it will be necessary to create new subcourts. It makes changes in subcourt policies and parameters. It updates the platform to new versions with additional features.

Using a liquid voting mechanism, such decisions will be made by token holders. Token holders will have a number of votes equal to the amount of PNK. Kleros set the policies, which are guidelines regarding governance mechanism about how to arbitrate disputes. It provides equivalent laws in the traditional justice system. It determines which party should win the disputes. These are specific to a particular subcourts. Kleros adds new subcourts. Arbitration fees, time of each court session, and minimum number of tokens to be staked are the modified parameters in the subcourts. Changes in Kleros rely on one of the smart contracts. It allows arbitrary changes. This governance mechanism can be used for improvements or in an emergency. There are some elements on Kleros that are not working properly.

To disclose the privileged information with jurors, parties must solve their disputes. It prevents the outside observers from accessing this information. The natural language contracts and the labels of the jurors voting option will not be released publicly. It also does not put on the blockchain. By using asymmetric encryption, the content creator will send to each party. It can verify that they correspond to the hash submitted when each party can reveal to juror in case of a dispute. They use asymmetric encryption in which the only juror can receive the text of the contract and of the options. Application users handle all these steps. It will run while using Kleros. Based on the blockashes of Ethereum blocks, jurors are currently drawn by using randomness. At the expense of forfeiting, block rewards, large miners can bias juror selection. A planned protocol that provides a more robust source of randomness.

Juror has relevant skills with a random number of generators. It selects a final spot based on the size of the stake. PNK on Kleros is protection against Sybil attacks. Attacker needs to buy enough PNK, so they have enough selected time to be a juror for the same case in order to change the outcome. PNK offers several key advantages for minimizing the risks of 51% attacks versus using an external cryptocurrency like ETH. It is more likely that the community will realize all these under attack. In order to gain voting rewards, users have an interest in holding PNK tokens.