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Review on Decred by Huyen Pham
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
- Near-instant exchange for smaller orders can be achieved through a related off-chain LN-based network which uses atomic swaps.
Cons
- Centralization – While every day there are more contributors to the project, it is clear the key decisions and leadership are still firmly in the grasp of the original development team. They are working hard on code so decisions can be made by stakeholders, but we aren’t there yet.
