Review on Decred by Thomas Son

Name: Decred
Item: Decred
Rating: 3

September 14, 2018

Its goal is to create a proof-of-work and proof-of-stake (PoP / PoS) system to…

Its goal is to create a proof-of-work and proof-of-stake (PoP / PoS) system to balance the PoW miners and PoS voters to create a stronger idea.
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Pros

It is architected as a simple client and server, without a corresponding token or a blockchain.

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.