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Can anyone give simplified explanation for what "Holographic Consensus" means? Or have a link to an easier to understand resource?

• vorpalhex 7y ago
  > Almost by definition a proper solution to this problem should allow for decisions in a DAO to be made locally —i.e. with limited attention and voting power, as long as these decisions are ensured to be in line with the global opinion of the DAO. We’ve coined² this peculiar situation holographic consensus, being reminiscent of a hologram where every little piece of the picture actually contains the information of the entire image. In this article I’m presenting the holographic consensus (HC) solution for scalable, resilient and decentralized governance, describing its basics and how it is enabled. In the next post of this series I’ll continue with a more detailed prescription of a HC protocol, and will discuss its scalability and resilience properties. https://medium.com/daostack/holographic-consensus-part-1-116a73ba1e1c https://medium.com/daostack/holographic-consensus-part-1-116... A "DAO" is a "decentralized autonomous organization". The term isn't defined further than that. In plain english, if I understand this, the idea is for a voting algorithm that allows a random or semi-random subset of an organization (a DAO) to make decisions for the group as a whole, so that not every member has to vote on every decision - like a kind of fancy algorithmic working group.
  • ghostbrainalpha 7y ago
    So it sounds like voting in this system would be similar to jury duty. Except better because the voters aren't selected at random and the algorithm makes sure they are the most representative possible group.