What does "Quadratic Voting" mean?

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Quadratic voting is a way for people to express their preferences in a voting system. Instead of just voting for one option, voters can spend votes on different choices. The more votes a person wants to give to a particular option, the more it costs them in terms of vote power.

For example, if someone really likes a choice, they can give it more votes, but this will use up more of their total vote power. This system helps to show not just what people like, but also how strongly they feel about their choices.

Quadratic voting aims to make decisions fairer by allowing people to express their preferences more clearly. It encourages voters to think about how much they care about each option rather than just picking one. This can lead to better outcomes for groups or communities.

While it can be more complex than traditional voting methods, many believe it can lead to a more inclusive decision-making process.