Kleros: Affordable and Open Justice for All

If a party is not satisfied when the jury has reached the decision. They have the dispute ruled again. New appeals have twice the previous number of jurors plus one. Appeal fees must be paid due to increased number of jurors. Juror members voted coherently because this voted option is chosen by the majority. In order to collect arbitration fees, juror rule disputes. They must incentivize honestly because if juror vote is not coherent with the group; they will not receive their arbitration fees. Also, they will lose some tokens. Their loss of stakes is given to coherent with jurors; then, they receive their arbitration fees.

When kleros has reached a decision on the dispute, then tokens are unfrozen and redistributed among jurors. The ShellingCoin inspires the redistribution mechanism. When juror vote was consistent with another juror, and it depends on juror gain or loss tokens. α. min_stake. Weight is the amount of token lost per incoherent juror. The number of tokens that determines the α parameters are redistributed after the ruling. It will be defined by the governance mechanism. It results as a consequence of the internal dynamics of the voting environment. There is a minimum amount of tokens that can be staked in the sub court. Arbitration fees and lost tokens are divided between the coherent parties. It is proportional to their weight. Kleros provides these decentralized courts. It works as a blockchain dispute resolution layer. Kleros platform provides fast, affordable, and open justice for all.

Kleros is a peer-to-peer platform. It uses crowdsourcing and blockchain that put the dispute resolution process in the hands of the community. Jurors redistribute the tokens. They vote coherently. These incentivize juror to reveal their vote. According to the result of the final appeal, arbitration fees and token are redistributed at each level. There is no attack because parties are incentivized to vote what they and other parties think. It is an honest and fair decision. The Shelling Point is honest and fair in Kleros. The informal experiments run by Thomas Schelling showed that, in most cases, a Shelling Point does not exist. It is plebiscited by all parties. There are some particular obvious options that don't exist. But some options are perceived as more likely by other parties, and these will effectively be chosen. A juror cannot be right 100% of the time. There are sometimes when honest jurors lose their coins. But they lose less as compared to win in arbitration fees. In this way, the system will work.

Advanced cryptoeconomics are used by Kleros. It is coupled with a global community of jurors. Kleros adjudicates disputes in a fast, affordable, open way. The Pinakion (PNK) tokens protect the system from attacks. It also provides jurors with a financial incentive to resolve cases coherently. When our lives move to global online platform, then disputes arise in the areas that cannot be solved by the traditional court system. Collaboration makes Kleros. Kleros integrate with your platform securely. It is done at no cost. This sounds like something that you could use in their blockchain project. You become as a juror and then bring justice in the decentralized world.