1 Level
6 Review
6 Karma
Review on Decred by Thoi Giang
The project is the result of the proposed theoretical work by the PoA and MC2β¦
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.
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Pros
- It facilitates exchange between only cryptocurrencies, not fiat currencies.
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.
