Overview
Last updated
Was this helpful?
Last updated
Was this helpful?
Was this helpful?
Snapshot X is an on-chain voting protocol. Technically speaking, it's a set of modular smart-contracts that interact with each other to do all the book-keeping. The difference with the original Snapshot is that Snapshot X is fully on-chain. What this means is:
The protocol is censorship resistant: Anyone can cast a vote. The protocol runs without any reliance on offchain or centralized services which have the power to censor votes. [1]
Voting power is computed on-chain: The voting logic is fully on-chain and auditable so you can be sure of the logic used to compute voting power and decide on the outcome of proposals.
The execution is trustless: Proposal transactions are automatically executed following the passing of a proposal. Say you create a new proposal which, if it passes, will transfer 1ETH to vitalik.eth
. If the proposal passes, the 1ETH will automatically get sent to vitalik.eth
, without any further human action needed.
If anything in these docs is unclear or you would like more detail, do not hesitate to reach out on Discord.
[1] We note that there are in fact offchain services (eg the relayer Mana) built for use with Snapshot X, but these are not mandatory and therefore cannot lead to censorship.