Design

Coin Voting is essentially the same as a token system, i.e., the same as Zcash itself, with some adjustments. Instead of coins, we have tokens that represent the voting power. We want to distribute the voting power based on a verified amount of ZEC.

In principle, we are airdropping voting power.

Transactions are exchanges of voting power between participants. Essentially, we allow electors to delegate their vote. The election's winner is the candidate or the choice with the most votes at the end.

The Coin Voting leverages the Orchard system and uses its transaction system to support delegation.

It extends it with the ability to include existing notes from the Orchard pool. Coinbase transactions add grants that reward critical organizations and influential individuals.

Otherwise, Voting Power is a self-contained system: There is no minting or burning.