Review on Aragon Court by Pedro O. Alvino M.
Binary disputes through juries.
A network designed to resolve binary disputes, offers an ecosystem where users can enter the platform so that it is required to obtain ANJ tokens to be able to access said jury mechanism on the network.
According to its various protocols and smart contracts that it executes for blocking ANJ tokens, the system randomly chooses juries for a dispute on the network, so that such juries will block the ANJ tokens at the end of the dispute and they will be rewarded with fees and tokens, although such rewards depend on the decision made by the jurors.
Being based on Ethereum, it has several security mechanisms and algorithms that do not allow failures in the ecosystem of juries, since the assignment of a jury can increase depending on the amount of ANJ tokens that the user has so that a user can have a large number of ANJ tokens and several accounts in order to have a Sybil attack on the ecosystem, in which the project addressed this situation through a proof of stake system.
The project in the market has a good development of the token, so given the technological framework that the digital age has counted in different areas of judicial disputes, it can be beneficial for the project in the long term.
Pros
- It comprises a jury system based on the Ethereum network.
- Provides incentives with judgment fees and tokens to juries for their participation in the network.
- It has several protocols and mechanisms for assigning jurors in disputes.
- Avoid centralizing jury assignment through a proof-of-stake system.
Cons
- It has several competitors in the market with human jury systems.
- Being based on an ERC-20 token, transaction costs can be very high on the Ethereum network.
