Mediated consensus is the consensus system used in the PolySwarm decentralized cyber threat market in which determining ground truth requires authorities with special expertise to produce it.
Polyswarm is different from prediction markets such as Augur because the ground truth is not 'universally observable'. In other words, the ground truth may not be apparent to somebody who hasn't conducted research or developed expert knowledge in a given field.
In short, mediated consensus is meant to incentivize people who have the proper expertise to participate as authorities in the system and to act in a way that's good for the overall health of the market.
Mediated Consensus: Blockchain Agreement Meets Expert Knowledge
Documentaries, videos and podcasts
- PolySwarmPolySwarm is a decentralized marketplace that runs on a token called Nectar (NCT).
- Augur (cryptocurrency)A decentralized Oracle prediction market platform built on the Ethereum blockchain.
- Wisdom of the crowd
- Tragedy of the commonsDepletion of a shared resource according to one's self-interests