1 Level
6 Review
6 Karma
Review on Decred by Thoi Giang
The project is the result of the proposed theoretical work by the PoA and MC2…
The project is the result of the proposed theoretical work by the PoA and MC2 in 2013. Decred began development in April 2014 with a single developer and expanded to include Developers from Btcsuite soon after.
Pros
- It facilitates exchange between only cryptocurrencies, not fiat currencies.
Cons
- The biggest trade-off of Decred is that there are advantages to a centralized decision making authority. A dictator can make fast and sweeping decisions in the way that a collective cannot. However, history has shown that authoritarian forms of governance have many failure modes, and tend to fail catastrophically.
