1 Level
14 Review
4 Karma
Review on Decred by Gulak Adebayo
The main focus of decred is on community input, public management andβ¦
The main focus of decred is on community input, public management and sustainable finance and development. Until now, the governance system worked as planned, as planned. Stakeholders can vote if they want to change the protocol, and the necessary updates are done efficiently with the help of the community.
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Pros
- A powerful mix of proof-of-work (PoW) and proof-of-pee (PoS) mining is used to disseminate the decision-making process. The role of the governance model allows the owner (stakeholder) to vote on a particular agenda or proposal for a particular block or issue
Cons
- Although ,successful in development and sound engineering, the biggest challenge for it is to get more adoption and increase community. In addition, Ethereum plans, according to some media reports, soon to introduce a similar PoS governance system, so the governance model of decred alone might not sustain it for long.
