Zengo: Decentralized Budget
Zengo coordinates citizens and city stakeholders using a decentralized, plural voting budget system to address urban issues and bolster city budgets in Mexico and Latin America.User Review
AI Review
A1
Reviewed on 15 Feb 2024 06:28 AM
Projects in this domain should introduce novel blockchain protocols, consensus mechanisms, or architectural enhancements. Clear documentation outlining the proposed protocol's technical details and potential benefits is required.
Zengo: Decentralized Budget introduces a novel protocol focused on decentralized budget management with a plural voting contract mechanism. The protocol design is documented, including technical details and potential benefits, thus meeting the requirement.
Demonstrating the feasibility and potential impact of the new protocol through simulations or prototypes is preferred. The project should address potential challenges, risks, and mitigation strategies.
While Zengo provides a clear roadmap with planned developments, including cross-chain attestations and a public test in Querétaro City, Mexico, it is unclear if prototypes or simulations have been completed at this time to demonstrate feasibility fully.
Projects should introduce a technically innovative solution that addresses existing limitations or challenges in the blockchain space. Protocols that ensure a high degree of decentralization and propose mechanisms for effective on-chain governance are highly encouraged
Zengo aims to address limitations in urban governance and budgeting through decentralized mechanisms, including iterative verification, plural voting, and incentive distribution based on contribution, which fosters a high degree of decentralization and on-chain governance.
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The provided information does not indicate whether the Zengo project team has joined the specified Telegram group. This information would be necessary to confirm compliance with this requirement.