1 Level
6 Review
1 Karma
Review on Decred by Toan Minh
The hybrid PoW / PoS system implemented by Decred allows Miners to create new…
The hybrid PoW / PoS system implemented by Decred allows Miners to create new blocks and stakeholders vote to verify the blocks created by the miners. Consequently, the process of creating consensus is balanced with the miners and stakeholders contributing to the ecosystem.With this, the hybrid consensus system is stable and secure, giving the opportunity for any party to dominate the decred blockchain by zero.
Pros
- Near-instant exchange for smaller orders can be achieved through a related off-chain LN-based network which uses atomic swaps.
Cons
- Stochastic nature of staking. Though the randomly selected variability in voting is a security feature, locking up a substantial amount of funds for an indeterminate amount of time that can be up to 4 months has a lot of negative implications (not every can afford to have their $ be so illiquid). Ticket splitting will help with this.
