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Review on Decred by Miota Belly
Decred is essentially "Governance Bitcoin". Many analysts try to categorizeβ¦
Decred is essentially "Governance Bitcoin". Many analysts try to categorize coins by industry, and the tier 1 hierarchy usually has three categories: currency, platform, and application. Decred is a currency that aims to be a medium of value and exchange while improving some of Bitcoin's application
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Pros
- The hybridization of PoW and PoS is a key feature of the decred project.. In this hybrid model, 60% of the block premium goes to the miners, 30% to the voters, and 10% to the project fund. Decred uses a governance system called Politeia. At Politeia, the token holders vote on the future of the project. The off-chain voting system serves as a proposal system. In the offline world, it's like a "contracted ecosystem" where you can present and adjust ideas, such as using funds for marketing campaigns or hiring developers.
Cons
- It's weakness lies in it's strength. Tough decisions can't be taken without the support of the community vote which might not see the futuristic idea of the proposed changes/project.
