#decredcoin

Let’s start with some minor technical details:

“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 project is a result of the theoretical proposals brought by proof-of-activity (PoA) and MC2 in 2013.”

- https://forum.decred.org/threads/decred-an-overview.4/

Another thing I’d like to note about Decred, which stands apart from Expanse whom I blogged about earlier, is this part of the forum post:

“Compatibility with Bitcoin transaction scripting system - Decred's scripting system has been derived from Bitcoin's with care in ensuring that all future updates to the Bitcoin transaction script will be easily extensible to Decred. Further, any newly created functionalities will also be devised with backwards compatibility with Bitcoin in mind.”

In the long run, a 5 minute block time might help solve data size problem.

Another piece I’d like to point out: their ICO was self-funded (therefore no financial puppet strings?)

Collaborations with: Ledger, wirexapp, Uquid, Trezor

I agree with the Youtube video below that it just seems like a project at this time and believe the team can up their game. If they can somehow tighten up on strategy and do more with established CREDIT companies or somehow bend the rules to make their own system somehow, I’d be more impressed. From an investor standpoint however, one is wondering, “Will they be around long-term?” followed by “Why?” & “How are they going about accomplishing this?”

Will be following this coin’s development and am curious to see how this develops.

If you would like to tip me for my research, you can do so @ the following:

Decred address: Dsd6bYYQ5czAjFiFJh6EaGc2UtrSUX9J1yP

BTC address: 1AHpACtZHigt4aFKaBxoQMDbFdpXBLSkpc

Thanks for reading!

                                               Metrics:

Transaction time (speed it takes to go through): 0-5 minutes

Algorithm: POW/POS

Total coins: max. coin supply is 21 million

Established: 12/15/2015

Current price as of today (08/06/17 at 7:57 PM) according to coinmarketcap: $34.49 USD

Prominent members: https://docs.decred.org/support-directory/