What is Bitcoin Hivemind? Complete Beginner’s Guide-5.63

Bitcoin Hivemind — originally Truthcoin —  is an open-source, P2P Oracle protocol and conditional prediction market (PM) proposed by Paul Sztorc (Truthcoin) and designed as a Bitcoin sidechain. Hivemind specifically focuses on governance by addressing problems with multi-factor decision making through a conditional PM.

The protocol targets a primary use within the voting system by reducing the problems of multi-factor decision making among a group of people coming to a consensus on a decision. The concept is highly ambitious but provides some valuable insights into governance and the capabilities of PMs.

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