legal security in crypto? Kleros

gab2999 (33)in #news • 6 years ago

KLEROS

introduction

We all have knowledge of cryptocurrencies and we know that like any other market you can make incredible profits. The crypto market has taken off and evolved in an incredible way that nobody could have imagined 10 years ago. But like any market or business crypto have their disadvantages, and one in particular we will talk today. Which are the legal problems.

Certainly 99% of transactions by blockchains are carried out in the correct way, and do not incur any problem when making currency movements, but in some cases the user may lose their assets due to the error of the platform.
What do you do in such cases? Most of the time users lose their crypto, or assets.
For what reason? Because in most of these cases the companies responsible for responding for your assets, do not ...

Now, why not take legal action? The answer is easy ... Expenses to take legal action are usually more expensive. It does not make sense to spend more on (lawyers, papers, time), than to recover some coins.

Let's see this case: A platform loses the crypts of a user valued at $ 400, but to take legal action and to recover the $ 400 an investment of $ 3000 is needed. For this reason many people decide to give up their capital.

What is kleros?

Kleros is a decentralized platform that is responsible for ensuring these small disputes, and provide an adequate solution for their resolution. Kleros has numerous "judges" specialized in different economic matters, and will select the most suitable for the said problem.

The operation of kleros is based on determining who is right in the dispute, and through a system of votes to give a result or verdict of who is right. This method is less expensive and gives security to both parties.

system used to label each problem and find appropriate judges for each case

The system to determine what kind of problem is going to be treated, and search for specialists is the following
• Number of juries
• Contract category (subcourt)
• Results

In this way the problem is labeled so that the most appropriate professionals attend it