1 Level
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27 Karma
Review on Decred by Jet Lee
Bitcoin may be the superpower in the Blockchain and cryptocurrency world for…
Bitcoin may be the superpower in the Blockchain and cryptocurrency world for now, just as Netscape was once a superpower. Then the internet came along. Decred may not be the internet, but such improvements are coming. It would be in all our interests if people started paying attention to this particular cryptocurrency. It has vision.
Pros
- This was a great improvement from Bitcoin, but that’s not all Decred can do. What if Soni, a brilliant developer, has an idea that could revolutionize Bitcoin? Unfortunately there is no way for her to easily propose and help implement that idea in the current Bitcoin system. But because Decred believes their biggest strength is their community, they welcome Soni and her proposal. With help from other Decred community members, Soni’s idea flourishes, and Decred grows exponentially. This happens all the time!
Cons
- I discovered Decred and was pretty flabbergasted I hadn't found it earlier, or at least dismissed it at the time. In my opinion it has a pretty perfect system of decentralised development/power, staking coins preventing a sudden (negative) market movement, high security through the hybrid PoW/PoS system and a predictable & transparent coin distribution, which is deflating like Bitcoin.
