LogoLogo
  • 👋Introduction
  • Products and Services
    • Governance as a Service (GaaS)
    • Proof of Existence (PoE)
      • PoE Enrollment User Guide
      • Passport Portal / PoE Dispenser
      • PoE Integration Overview
      • How to Integrate PoE to Snapshot
      • Governor DAO Proof of Existence Use Cases
      • Finnovant Q & A on their Say-Tec tech
      • PoE Sign-up - One Page Flyer
      • PoE VIP Process - 4 Stages
    • NFT Launchpad - Provably Fair Mints with PoE
      • 🎨PoE for NFT Artists
      • Permissioned NFT Sale Scope
      • 🤝NFT Artist requirements discovery form
    • Liquidity Generation Event (LGE)
    • Governance Vault
      • Governance Vault User Guide
      • FAQ Governance Vault
      • Governance Vault Deployment Variables
  • Sub-DAOs
    • GDAO Ambassadors (GAMBs)
    • Finance Committee
  • 📰Media (Work in Progress)
    • Articles
      • GDAO Leveling the Voting Landscape
      • Project Voting Challenges & PoE Solutions
      • Provably Human: a glimpse into the world of Sybil resistance.
      • Sybil Resistance Within the Metaverse & P2E Gaming
  • 💡Additional Resources
    • GDAO Links
      • Proof of Existence Landing Page
      • Official Announcements Telegram
      • Official Telegram Group
      • GDAO Trading / Unofficial
      • YouTube
      • Discord
      • Twitter
      • Main Website
      • Blog Website
      • Forum Website
      • NFT LanchPad
      • CoinGecko GDAO
    • Where to Purchase GDAO
      • 1Inch Exchange ETH/GDAO
      • GDAO V3 Uniswap Pool
      • GDAO V2 Uniswap Pool
      • Gate.io GDAO/USDT
      • Gate.io GDAO/ETH
    • Governor DAO Litepaper v2.1
  • 👋How to Section
    • PoE Enrollment User Guide
    • Governance Vault User Guide
    • FAQ Governance Vault
    • Get Some MATIC (Buy/Bridge)
    • Polygon Chain - MATIC Management
    • Polygon NFT Bridge Guide
  • Hiring
    • 👨‍👦‍👦Can I offer help to the team ?
    • Frontend Developer Role
  • Smart Contracts
    • Smart Contracts Hub
  • Support
    • 🙋Email Support Form
  • Glossary of Terms
    • 📓Glossary of Terms
  • Archived_Documents
    • Creating LP & stake in Geyser Fountain Pool
    • Geyser Fountain ETH/GDAO LP Staking
    • MDAO LGE Guide [ Muse DAO]
    • Governor DAO Post Mortem BEAN Governance Exploit
    • Proof of Existence Snapshots
Powered by GitBook
On this page
  • Introduction
  • How it Works

Was this helpful?

  1. Products and Services

Proof of Existence (PoE)

Summary of the Proof of Existence (PoE) Token and its utility.

PreviousGovernance as a Service (GaaS)NextPoE Enrollment User Guide

Last updated 2 years ago

Was this helpful?

Introduction

is a first-of-its-kind innovation in Sybil resistance, which addresses the decade-long dilemma of "how do I build decentralized systems designed for one account per user if I can't vet the accounts?"

In other words, if you design your contract/emissions/token launch/consensus model around the notion that everyone gets one account, how do you stop people from using multiple accounts?

The original answer, pioneered by Bitcoin and Proof-of-Work, is to make weight-based systems: the more hashrate you provide, the more BTC you earn. This model is permissible in some instances (yet rarely optimal). Uncapped, performance-based POW has resulted in an increasingly energy inefficient, expensive consensus model.

In yield farms and governance voting, it means whales dominate the game and small accounts have virtually no say. In token sales and NFT mints, it means users are competing in gas wars against bots and multi-account participants.

The only widely used defense today against multi-account and bot abuse is KYC, which has a separate set of baggage. Proof-of-Existence is the first easy-to-integrate, non-intrusive, 100% effective, universal defense against Sybil attacks.

How it Works

In partnership with leading biometrics firm Finnovant, Governor DAO has created a portal for biometric authentication of Ethereum wallets. Users enter the portal with a web3 connected wallet and input face + voice readings. Locally, the user device runs the input information through hundreds of algorithmic indicators to create an encrypted output hash representing the individual.

No two individuals produce the same output hash, and Governor DAO receives the hash that corresponds with the input address. If the hash is unique from all others in the system, the address is tokenized as "provably unique". A non-transferrable ERC20 "Proof of Existence" token is attached to the user wallet, which enables any smart contract to easily check for that verifiable uniqueness with just one additional line of code.

Security Notice: Governor DAO biometric signup is 100% anonymous and non-intrusive. Persons' biometric readings are hashed locally in the user device, and only the encrypted output is shared. No human ever sees face or voice readings.

Proof-of-Existence
Proof of Existence Overview