Review on Decred by Amr Mohamed

Name: Decred
Item: Decred
Rating: 3

September 14, 2018

Only project with functional on-chain governance. Did the first ever on-chain…

Only project with functional on-chain governance. Did the first ever on-chain user activated hard fork.
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Everyone says this, but fantastic devs. Ours include the developers of btcsuite, & also the author of the atomic swap code used by btc and ltc recently.
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Unique hybrid PoS/PoW system that is extremely resilient to attacks. Making a 51% attack extremely difficult & a minority hard fork nearly impossible for example.
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Direct PoS. No masternodes or DPoS where you will inevitably run into issues like the "Lisk elite"
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The project is relatively young, at almost 2 years since launch. So it's still getting in early.
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Great, active community, that is distributed pretty evenly around the world.
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Big war chest in the community treasury (something like $30-40 million currently).
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Support from many influential community members including Charlie Lee & Jimmy Song.
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At least 2 competing ASICs coming out next year... should be an indicator of where some see this project going.
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Also, initial distribution. I'd argue that Decred had one of the fairest distributions in crypto. Decred founders started with 4% of total supply (which they paid for w/ cash into the community fund) and airdropped another 4% to crypto community members. The PoS % of new DCR is purposefilly set low so the relative power of holders decreases, not increases, over time. Compare to today where it seems like 90% of projects are totally premined with the founders starting with the majority or all of the tokens that will ever exist.
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Pros

Low supply (21.000.000) -A self-founding project with a system of community-based governance integrated into its blockchain -The system enables and encourages members of their community to make it better

Cons

recently I discovered Decred and was pretty flabbergasted I hadn't found it earlier, or at least dismissed it at the time. In my opinion it has a pretty perfect system of decentralised development/power, staking coins preventing a sudden (negative) market movement, high security through the hybrid PoW/PoS system and a predictable & transparent coin distribution, which is deflating like Bitcoin. I immediately started exchanging a significant chunk of my cryptos to decred and I'm thinking of exchanging more shortly.