Review on Decred by MINH LE

Name: Decred
Item: Decred
Rating: 5

September 15, 2018

Decred is essentially “Bitcoin with governance”. Many analysts attempt to…

Decred is essentially “Bitcoin with governance”. Many analysts attempt to categorize coins by industries, and the Level 1 hierarchy usually has three categories: currencies, platforms and applications. Decred is a currency that aims to be a store of value and medium of exchange, while improving on some of the drawbacks of Bitcoin.
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Pros

Decred is an open, progressive, and self-funding cryptocurrency with a system of community-based governance integrated into its blockchain. At its core is a hybridized proof-of-work proof-of-stake (PoW/PoS) consensus system that aims to strike a balance between PoW miners and PoS voters to create a more robust notion of consensus. The project is a result of the theoretical proposals brought by proof-of-activity (PoA) and MC2 in 2013.

Cons

The Decreed team includes Jake Yocom-Piatt, the organizer of the project and CEO of the company, developers, who prefer working pseudo-anonymously simply to keep a low profile instead of worrying about their recognition. The team also has its presence on Discord, reddit, Telegram, along with other social media platforms.