Voting mechanisms play a crucial role in decentralized governance of blockchain systems. Liquid democracy, also known as delegative voting, allows voters to vote directly or delegate their voting power to others, thereby contributing to the resolution of problems such as low voter turnout. In recent years, liquid democracy has been widely adopted by Delegated-Proof-of-Stake (DPoS) blockchains and implemented successfully on platforms with millions of users. However, little is known regarding the...
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