Quadratic Payments: A Primer

Quadratic Payments, previously known as Quadratic Funding, is a concept that is closely related to Secondary voting and Secondary Fundraising. On 2023/1/29, it was announced that the name had been changed to Quadratic Funding tkgshn.icon*2. You can find more information about this update on this tweet by @Vitalik Buterin.

The idea of Quadratic Payments was originally proposed by @Vitalik Buterin, Zoë Hitzig, and @glenweyl. It is a principle that aims to improve coordination on resource allocation. This concept was applied in a real-world scenario during the "Presidential hackathon" held in Taiwan. In this event, secondary voting was used to determine the winning project In the "Presidential hackathon" held in Taiwan, secondary voting was used for the winning project.

Quadratic Payments is an interesting approach that has the potential to revolutionize the way we allocate resources and make decisions. It provides a more inclusive and democratic way of determining the allocation of funds. By understanding the principles behind Quadratic Payments, we can explore new possibilities for fair and efficient resource distribution.