Decred $DCR

  • Key Feature: Onchain governance through voting
  • Programming Language:Golang
  • Consensus Mechanism: Hybrid PoW & PoS (PoS, Proof of stake)
  • No ICO;
    •  The premine consists of 8% of the total supply of 21 million coins (1.68 million coins).This was split equally between compensation for bring-up costs and an “airdrop”.
      • Bring up costs (840,000 coins, 50% of premine, 4% of total Decred supply). This means Company 0 and its developers will have put roughly USD 415,000 into the bring-up since April, 2014 and receive 4% of the total supply, 840,000 coins (at USD 0.49 per coin). Coins held by Company 0 will be used to fund its ongoing work on open source projects, such as Decred and btcsuite
      • Airdrop (840,000 coins, 50% of premine, 4% of total Decred supply). The airdrop concluded with awarding 282.63795424 DCR to 2972 participants
      • More : https://docs.decred.org/faq/general/
    • Dev Fee:  10% of all block rewards are given to a project Treasury fund, administered by a development organization
  • Hashing Function: BLAKE256
  • Innovation: Decentralized governance (On-Chain) (https://proposals.decred.org/)
  • The main Decred development group started as the Bitcoin developers who develop btcsuite, a widely respected Bitcoin implementation in Golang that has been used by several high-profile projects including, but not limited to, Ethereum, Factom, BitGo, OpenBazaar, and the Lightning Network.
  • Decred is an autonomous digital currency. With a hybrid consensus system, it is built to be a decentralized, sustainable, and self-ruling currency where stakeholders make the rules.
  • MissionAutonomy is self-rule. Stakeholders make the rules.
  • Decentralization:
    • Proof of work & Proof of stake
    • Consensus Voting  Decred uses an innovative hybrid proof-of-work (PoW) proof-of-stake (PoS) system to give stakeholders decision-making power about the set of consensus rules to activate. This allows for a seamless transition from one set of rules to another while keeping the existing blockchain ecosystem intact.
    • Decentralized governance (On-Chain): Politeia (Pi) is a platform that supports Decred’s governance.
      • Pi is a censorship-resistant blockchain-anchored public proposal system, which empowers users to submit their own projects for self-funding from DCR's block subsidy.
      • It facilitates the submission, tracking, and discussion of Decred governance proposals by the stakeholder community.
      • Pi ensures the ecosystem remains sustainable and thrives.
      • Decred’s approach to decision-making is grounded in the principle of stakeholder voting.
      • To vote, stakeholders must time-lock DCR to buy tickets. While tickets are live they can be used to cast a vote for or against each open Politeia proposal.
      • Decred is community-powered. Stakeholders who participate in Decred’s decision-making are rewarded for their efforts. Sustainable funding and a resilient contractor model allow for anyone to join Decred at any time and engage in its governance. Decred’s value is in the people who work on it.
  • Scalability:
    • Lightning Network   Lightning Network (LN) is one such application of a low-latency off-chain system that allows for near-instant micropayments in DCR. (Note: Lightning Network is a centralized scaling solution)
  • Atomic Swaps Decred does not require reliance on centralized exchanges. With cross-chain atomic swaps between different digital currencies, users can conduct trustless over-the-counter (OTC) trades without a third party.
  • Traded on: Gate.io , BinanceBittrex
  • Community:

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