CandleFocus VeChain News: VePassport Launches with Improved Sybil Defense and Rewards for Better Actions
2024-10-22
Author: Content Editor
VeChain has introduced VePassport, a decentralized identification system that aims to combat Sybil attacks in decentralized governance. VePassport ensures that only true individuals can vote and receive rewards by tying their real actions and assets to their identity. Users must meet certain requirements, such as actively engaging in e-voting and holding stakes in the platform, to participate in governance and earn rewards. VePassport also promotes sustainability by rewarding users for beneficial activities to the ecosystem. In addition, VeBetterDAO, the governance app, has made changes to improve user experience and community interaction. These include a carbon voting mechanism to prevent power imbalances and a reduction in the quorum for governance proposals. The addition of the X-App Bot and Sybil Signal System helps identify and flag suspicious wallets to prevent fraud.
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