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Review on Decred by Phillips Spencer
Decred is an open, progressive, and self-funding cryptocurrency with a system…
Decred is an open, progressive, and self-funding cryptocurrency with a system of community-based governance integrated into its blockchain. At its core is a hybridized proof-of-work proof-of-stake (PoW/PoS) consensus system that aims to strike a balance between PoW miners and PoS voters to create a more robust notion of consensus. The fact that they always factor in different types of miners in their updates is why I am so much interested in this project.
Pros
- Decred development started in April, 2014 with a single developer and expanded to include developers from btcsuite shortly thereafter. This goes to show that numerous work and persistence was put into this project for it to succeed.
Cons
- The platform seems a little bit technical at first and would definitely be a turn off to beginners. I feel they should look for a system whereby they explain more about what this project is all about from the offset
