Review on Decred by Mr Benji

Name: Decred
Item: Decred
Rating: 4

June 21, 2019

BTC, but better?

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How PoA works?: 
Innovative consensus system based on PoW / PoS combination. In fact, it is a decentralized lottery in which miners can determine their degree of participation in the mining of PoW units.
Decentralized stock extraction. The system participant can create new coins without risk. At the same time, they can participate in the network confirmation of those who have at least the number of shares.
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Financing - Development of self-financing. To get a permanent financial resource to explore the possibilities and development of the system, developers include a 10% subsidy rule code. In this way, mining should transfer 10% to the development of the project after unpacking the block. At the same time, the transfer is transparent, so the project is stable and independent of external financing. Users can be convinced that the project will grow steadily and gradually improve and listen only to system participants.
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Updated 5 years ago

Rating changed from 3 to 4

- Budgets approved on Politeia for Ditto
- iOS Wallet v1.0 released on the App Store 
- dcrdata v5.0 released
-  bug fixes 
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Pros

- Decred goal is to eliminate hardforks on decred users can votes on changes before they happened.
- lightning network
launched by bitcoin developers Which wanted to create something better
- The interesting part is that it's using PoA which is a hybrid of PoW and PoS consensus.

Cons