Justice is commonly associated with harmony, common good and, above all, truth. Throughout time, the administration of justice has been very important and has its roots in Athens.
Yes, a part of Greece that sounds very old, but we find it interesting because of the myths that exist about great and diverse gods such as Zeus or Hades. It has also been characterized by a large volume of famous philosophers such as Socrates or Pythagoras.
However, what has been most interesting and what has persisted the most in history, have been his political concepts about democracy and cities. Now, what does all this have to do with the world of cryptos?
Precisely, today we will talk about Kleros, an idea that has its roots in Greek justice. In addition, it seeks to combine physical courts and tribunals with the decentralized scenario of cryptocurrencies. Let’s see what it’s all about!
Kleros, was founded as Coopérative Kleros in 2017 in France by Federico Ast and Clément Lesaege. It can be conceptualized as an online dispute resolution protocol that uses the Ethereum blockchain and smart contracts to resolve disagreements fairly.
In other words, it acts as a decentralized third party that adjudicates disputes in all types of contracts in a fast, cost-effective and reliable manner.
Historically, Kleros comes from a democratic method of ancient Greece, called kleroterion. This method was used to randomly select people who would make decisions in the political life of the city.
For this purpose, they made use of stone blocks with grooves, in which bronze or wooden plaques, known as pinakion, were inserted with the names of all the citizens of Greece.
Subsequently, by means of a die, the owner of the pinakakion that would be selected for some position was decided. This mechanism is similar to a bingo but made of stone and much more primitive, although quite functional.
From here, we can intuit that its operation will be quite similar, but with the difference that it uses decentralized applications and economic incentives to reach a solution.
To understand how it works, it is necessary to start from two concepts:
Pinakion or PNK is a type of ERC20 token, specific to this project. And, yes, as you can imagine, it came from the name of the copper or wooden plates that were used in the kleroterion.
This token has two functions:
Through a contract that establishes clauses, such as that any dispute will be arbitrated by Kleros and that Kleros is a voluntary system, the courts that will take care of this disagreement are determined.
Kleros’ court system starts with a general court, similar to the Spanish general court, which subdivides to specialize in three specific areas of dispute:
Each court has a fee value that is paid in crypto Ether (ETH), the currency of the Ethereum blockchain. This value depends on how complex each dispute is and the availability of the chosen jurors.
Undoubtedly, the important thing about this value is that it is sufficient to compensate for the analysis of the evidence and the vote of the jurors, who will receive their payment in equal parts.
The selection of jurors is by self-nomination and lottery. A person may apply to be a juror in any process by depositing a specific amount of pinakions (PNK).
The value of each cut varies and has a minimum number of PNK. However, the more tokens you cancel, the more likely you are to be a juror.
After payment, the draw takes place. In this draw, a random selection is made from among all users who deposited their token, to whom a case will be assigned and in which court it will be judged.
Once the judges are elected, the tokens paid are frozen. They will only be disbursed once the court has made a decision on the case.
The jurors, as in the common processes of the Spanish justice system, receive the evidence and all the documents necessary for the process.
These data must be reviewed, understood and analyzed to give their verdict on whether, for example, Alice is right or Bob is right.
The complexity of the decision to be made depends on the court, since each court has different parameters for making decisions.
Once the evidentiary material has been processed, as one would say formally, the jurors comment on their verdict and argue why they consider it to be so.
The winning option is the average number of jurors’ votes or, better called, median.
Therefore, we have a result that is consensual and fair.
If you disagree with the court’s verdict, you can ask for it to be overturned.
For this purpose, the court that reviews your case will be made up of people totally different from those who were part of the previous decision.
Additionally, it will be constituted by twice the number of jurors from the previous hearing plus one.
In this regard, it is important to clarify that each time you appeal, you must bear the costs of the process.
The Kleros courts are governed by four of Kleros’ own projects:
And with this, Bitnauta, we decide that this case is closed.
Our verdict is that the information presented as evidence is definitely not enough to know all the wonders of the projects that Kleros has prepared for us.
Now, if what you want is to be a vigilante hero who analyzes the evidence of a case or participate in the proposals that Kleros has for you, you can visit our official website. There, you can buy ETH quickly and reliably.