Click HERE For the BitCongressWhitepaper PDF document.
Excerpt from the Bitcongress whitepaper:
A purely peertopeer version of electronic vote would allow online votes to be sent directly from one party to another without going through a central voting register. Digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required to prevent doublevoting. We propose a solution to the doublevoting problem using a peertopeer network. The network timestamps elections by hashing them into an ongoing chain of hashbased proofofwork & proofoftally forming a record that cannot be changed without redoing the proof chain. The longest chain not only serves as proof of the sequence of events witnessed, but proof that it came from the largest pool of computational power. As long as a majority of computational power is controlled by nodes that are not cooperating to attack the network, they’ll generate the longest chain and outpace attackers. The network itself requires minimal structure. Messages are broadcast on a best effort basis, and nodes can leave and rejoin the network at will, accepting the longest proofofwork & proofoftally chains as proof of what happened while they were gone. AXIOMITY as the front end wallet, law creation & voting application holds XCP, BTC, VOTE, CONGRESS & uses them all in sync and combination with their respective blockchains. A VOTE token is sent by a legislation creation tool with combined cryptocurrency wallet. The VOTE is sent to a smart contract based election holding yay, nay and candidate addresses. The VOTE is returned to the voter after the election has ended due to a winning count or election time expiration. The voter is given a ProofofTally count for each VOTE given to any election showing it as an active voter with a corresponding ProofofTally count. This system allows legislation to be created, elections to be created and votes to be instantly counted, to implement instant legislation changes within the network.”
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