Kleros is one of the most important projects in the blockchain industry. The project has made progress in the areas of privacy protection, cross-chain integration and evidence of peer-to-peer mechanisms. Kleros technology will lay the foundation for the latest industry in Blockchain.
Kleros has built their decentralized platform on Ethereum Blockchain technology. I think it's a new kid in the world of cryptocurrencies that uses peer-to-peer platforms and community services and blockchain to bring the dispute resolution process to the community.
There is always a story why a new project builds a platform for cryptocurrency enthusiasts. Many years of using decentralized protocols because users require stability, security and transparency. Kleros aims to win the hearts of many users by incorporating the DeFi portal in the ecosystem to join a global jury community to arbitrate disputes in a fast, affordable and open way. .
The cryptocurrency market is currently very difficult for newly established projects when many challenges are presented such as: lack of diversified investment, Lack of investment with basic value, Lack of convenient options to invest. from.
But Kleros will not have to worry anymore because the company has received a lot of cooperation contracts in 2020 such as Market Protocol, ink protocol, DeversiFi, Blue Frontier, etc.
The issues of fair and transparent dispute resolution are always a concern in every aspect of blockchain technology companies. You can say how many investors have compromised resulting in the complaints of most current users. Offering a new solution with Kleros decentralized technology, they are using an effective platform while eliminating the concept of no transparency.
If you compare Kleros with any other technology, you can say that there is an outstanding design and technology improvement. Kleros as an arbitration class for decentralized ecosystem. A protocol that all DAOs can delegate to resolve disputes. As a decentralized protocol Kleros makes a difference in the cryptocurrency decentralized world. By using ERC 792 standard arbitration technology, the project has been very successful in resolving disputes that have occurred online and many businesses have trusted and used it.
The main challenge in the use cases is about implementation details. Additionally, Kleros uses the PNK token as their native cryptocurrency in the Ethereum blockchain. In every platform, we know that one way to control and maintain a flexible platform is to ensure a transparent and effective mechanism for the platform and that is how PNK will be used well. In addition, the Pinakion (PNK) token protects the system from attacks, while providing jurors with a financial incentive to resolve coherent cases.
These great products are fully functional so that they can be used for dispute resolution. The most special of these applications is Escrow, which is being used by many people because between businesses Mutual distrust leads to having to use it. You can first deposit payment into an escrow account. If a dispute arises, a Kleros jury will handle the settlement. Kleros Escrow protects both buyers and sellers by making sure both parties comply with the agreement and Kleros chooses a large jury to rule. When examining the evidence, the jurors will make a decision enforced by the smart contract. All evidence is confidential in blockchain and no one can interfere with the procedure. Kleros provides a reliable standard for online transactions. With Kleros escrow, buyers and sellers can be confident that the other party will fulfill the obligations of their agreement.
Procedures for resolving disputes :
- Switch to Escrow and create a new transaction
- Enter the deal details
- If a dispute occurs you can submit a contract to the jury to resolve
- The judge evaluates the evidence and makes a decision. If you win, the money will be sent to you
There are many useful features for you to earn ETH or PNK on Kleros platform. You can also become a future jury for Kleros
Exchange :
BITFINEX = https://www.bitfinex.com
UNISWAP = https://www.uniswap.ninja
IDEX = https://idex.market/ETH/PNK
You can buy PNK on these famous exchanges. Hurry up and buy yourself PNK to be able to enjoy special offers on the Kleros platform
Conclude :
For me, I can say that the Kleros project is compatible with existing security and privacy platforms. I trust the men who developed or invented such a great project. As part of the Ethereum blockchain, I think they can have users and potential partners in the cryptocurrency industry, as long as they can get into the technical capabilities of giant platforms. That giant. I don't recommend investing but offering you some worthy projects that have the potential to be great in the future.
Important details :
Website: https://kleros.io/
Github: https://github.com/kleros
Medium: https://medium.com/kleros
Telegram : https://t.me/kleros