kleros your legal help in crypto

gabofic (43)in #news • 6 years ago

𝒦𝐿𝐸𝑅𝒪𝒮

Introduction

We know that lately the world of cryptocurrencies has taken a huge stir, since they became popular a few years ago, and it is so common that most people have knowledge of these. If we walk through the streets and ask a person if he knows what is bitcoin, Ethereum, litecoin. Very possibly you have knowledge of these (although it is basic). What does this mean? that the blockchain and crypto technology has become popular and is already something that many people have some knowledge of, knowing that it is an opportunity to generate profits.

But as in everything nothing is perfect ... there are always failures, or some inconveniences and one of them is the judicial issue. When a problem arises, where a user loses part, or all their money due to some failure of the page, as a general rule this has no compensation or compensation for what was lost.

What is the solution for these cases? One of these may be to take cases to court or try to resolve them in legal ways. But if we put in a balance the costs generated by the legal movement to take, in some cases exceed the capital that is sought to recover. Let's take an example ... If we want to take legal action to recover $ 50,000 it would be justifiable, but if we lose an amount of $ 500 or $ 2,000 and spend an approximate of 5,000 in the legal process it would not be profitable at all. For this reason, most users can not take action or defend themselves when there is a loss of their assets by the blockchains.

What is kleros?

Kleros is an optional problem solving and dispute platform. It offers a network of expert juries on various topics, which are available to resolve disputes. Kleros uses a system of intelligent contracts to facilitate the resolution of these conflicts, offering to safeguard the funds in dispute until the different juries that handle the case give their verdict on said case

The operation of kleros is based on determining who is right in the dispute, and through a system of votes to give a result or verdict of who is right. This method is less expensive and gives security to both parties.

Problem resolution

The kleros system uses (subcourt)

After the creation of the contract, those involved will select some details
• Number of juries
• Contract category (subcourt)
• Results
Why is this system used? The more labels the contract has, the easier it is to find the appropriate juries for the topic to be discussed and in this way to achieve a resolution as fair as possible.