Zeitgeist

Governed by Users

Zeitgeist is governed by the holders of the ZTG using a mix of normal token voting and a new futarchy model. Zeitgeist eats its own dogfood by making governance decisions via prediction market based futarchy.

Zeitgeist is an evolving network that will change and adapt over time. It does this through a sophisticated on-chain governance process.

Zeitgeist uses prediction markets based futarchy to determine its direction and policy. Game theory says that this should be more efficient than token voting alone.

Court

The court is the native dispute resolution system.

Holders of ZTG can stake their tokens in order to join the pool of jurors. These jurors are randomly selected whenever an oracle dispute is made for a particular market.

The jurors of the court will be charged in selecting the real outcome of the market. Court decisions can be challenge, which increasingly expands the number of jurors that are selected - each time raising the stakes.

If jurors are found by a later appeal to have resolved an oracle decision incorrectly, they will be slashed.

After a number of quorums are created and asked the real outcome of a market, if there is still a dispute the case will move to a global vote by all ZTG holders to report the outcome.