1 Level
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11 Karma
Review on Decred by thien song cuong
The cryptomoeda Decred has as main objective to be a democratic currency, not…
The cryptomoeda Decred has as main objective to be a democratic currency, not giving the founders and miners the chance to obtain advantages over the users of the asset. with the combination of the POW and POS system the cryptomoeda is not in the hands of a group of people (miners), since it distributed the power of decision among all the community. Although there are other currencies with the same proposal, 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.
Pros
- Is an autonomous digital currency. They have an innovative and hybrid voting system by consensus of Proof of Work (PoW) and Proof of Stake (PoS). It has a base in its open source of the modular type, which allows it to adapt to the new blockchain technologies. Smart contracts that work, such as the Lightning network.
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.
