Review on Decred by Vo Thu

Name: Decred
Item: Decred
Rating: 4

September 15, 2018

The user can enter the desired expiration time before signing the transaction…

The user can enter the desired expiration time before signing the transaction. If the transaction is not included after a certain number of blocks, the block height is automatically rejected after the publication. The developers will be compensated regardless of the outcome of the project – and they know that… The difference here is that Decred never had an ICO and developer incentives are based on block rewards, which means the development team has an incentive to continue improving the protocol to maximize the value of those block rewards moving forward.
﻿

Pros

This system differs from other PoS protocols because there is less signalling, and consensus is actually binding on chain. The DECRED has an immense potential of growth because what determines the success of a good, are its followers, and this, DECRED has, faithful followers. Congratulations to all who make DECRED. Decred uses encryption to secure transactions on his network and also to control the creation of new coins into the system.

Cons

I think there is more active discussion elsewhere (Slack, etc.), but these are not totally public facing and do not contribute to the public footprint of the project. It’s refreshing to see a project that didn’t do a significant pre-mine or a high-profile/priced ICO. There was no pre-sale discount and there was no marketing campaign augmenting a flashy ICO.