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Vitalik: The future of on-chain mechanism design will adopt a dual-layer model of "maximizing openness and accountability, and non-financialized preference settings."

Feb 02, 2026 14:37:05

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Vitalik Buterin proposed the main patterns for the future of on-chain mechanism design: mechanisms similar to prediction markets that maximize openness and accountability (anyone can buy and sell, good decisions make money, bad decisions lose money), suitable for creating a "decentralized execution layer"; decentralized, diversified, non-tokenized preference settings (anonymous voting, preferably MACI to prevent collusion), maximizing the intrinsic motivation space, avoiding token holders from monopolizing control. Prediction markets are the best primitive for achieving "decentralized governance."

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