How Does a Decentralized Autonomous Organization (DAO) Use Commit-Reveal for Voting?
A decentralized autonomous organization (DAO) uses a commit-reveal scheme for voting to ensure voter privacy and prevent vote-buying or coercion. In the commit phase, members submit a hash of their vote (e.g.
'yes' or 'no') and a secret key. This proves they voted without revealing their choice.
In the reveal phase, after the voting period ends, members reveal their secret key and vote. This prevents others from knowing how a member voted until it is too late to influence the outcome, ensuring a more honest and fair governance process.