Project Rundown interview with Decred on The Capital

Free Bitcoins: FreeBitcoin | BonusBitcoin

Coins Kaufen: Bitcoin.deAnycoinDirektCoinbaseCoinMama (mit Kreditkarte)Paxfull

Handelsplätze / Börsen: Bitcoin.de | KuCoinBinanceBitMexBitpandaeToro

Lending / Zinsen erhalten: Celsius NetworkCoinlend (Bot)

Cloud Mining: HashflareGenesis MiningIQ Mining


Decred has been operating more as a collective intelligence than a corporate entity, where interested parties show up and pitch in, helping out where there is a need using whatever skills they have. Since most Decred workflows are public, people or corporate entities who are interested in becoming paid contractors can show up, do a bit of work, see if they like doing it, and then get paid for their work, assuming the existing contractors approve of their work product. Rather than focusing on resumes, credentials and interviews, we are far more interested in what a prospective contractor can and will do for the project.

This open model has been a success to attract talent into Decred, the functions of the Decredʼs DAO allow for any individual to participate in the project regardless of their nationality, race, gender, preferences or geographical location, the only requirement is to have a good level of English for the internal communications of the project. Besides this, Decred is an open platform of collaboration for anyone in the world to participate.

Which partnerships have you engaged so far, and which ones are the most impactful?

We are constantly in talks with cryptocurrency exchanges, digital wallets providers, payments processors, mining infrastructure operators, OTC and cryptocurrency funds to explore potential areas of interest and collaboration. The same goes for the entire cryptocurrency industry, local crypto communities and media, we are creating relations through the entire space in order to keep building the ecosystem.

For more information on exchanges, payment processors and OTC services please visit https://decred.org/exchanges/

How does Decred prevent powerful individuals or central planning committees from gaining a disproportionate influence over the future of the project?

We consider this to be one of the core questions for the project since its launch. One of the main characteristics of our hybrid blockchain is to serve as a second- factor authentication for the validation of data in the network. By having a decision-making process in the Proof of Stake layer, we are effectively creating checks and balances in order to keep incentives aligned between miners, devs, and stakeholders. In practice, our PoS layer works as a mechanism to prevent large players from taking the network.

Particularly in the case of developersʼ influence, thanks to the second layer of Proof of Stake, the main group of devs are unable to capture decision-making, because of the staking and voting system which distributes this decision-making authority to those with skin in the game in the network rather than a central planning committee.

Now on a more technical side of things, what are the coin metrics for Decred, and how do these lead to a stable and balanced system?

We consider this to be one of the core questions for the project since its launch. One of the main characteristics of our hybrid blockchain is to serve as a second- factor authentication for the validation of data in the network. By having a decision-making process in the Proof of Stake layer, we are effectively creating checks and balances in order to keep incentives aligned between miners, devs, and stakeholders. In practice, our PoS layer works as a mechanism to prevent large players from taking the network.

Particularly in the case of developersʼ influence, thanks to the second layer of Proof of Stake, the main group of devs are unable to capture decision-making, because of the staking and voting system which distributes this decision-making authority to those with skin in the game in the network rather than a central planning committee. There are several metrics that can be analyzed in order to describe the state of the art of Decred and how the network is evolving over time. Furthermore, the following data is the result of research that has been funded by the Treasury of the project. Some of them are the following:

Over $11.44 billion USD denominated transaction value, via transfer of 409 million units of DCR. Around 48% through Proof of Stake ticket purchases.In terms of hash rate, the network has seen an exponential growth as GPU mining hardware has been left behind by ASIC mining hardware, with most of the growth occurring over a year period between 2018 and 2019.

Around half of the total supply of DCR is locked in Proof of Stake tieckets, showing a psychological trend from stakeholders to commit skin in the game towards a healthy network.

Over the life of the network, the Treasury has received 947k DCR, spent 312k DCR and accumulated a balance of over 635k DCR. Decred development cost is around $7.25 million USD.

Decred is 20x more expensive to 51% attacks than purely PoW blockchain of the same size.

Correlation between ticket prices, ROI on tickets and DCRUSD & DCRBTC price action.

The amount of activity on-chain duringQ4 2019 saw lots of DCR changing hands, wide fluctuations in ticket buying, yet only modest movements in price following DCRUSD & DCRBTC price capitulation. To learn more about the coin metrics of Decred please visit the following articles:

https://medium.com/decred/decred-the-resilient- stronghold-4038dc64dd2a

https://medium.com/@_Checkmatey_/decred-hypersecure- unforgeably-scarce-e076b91a2be

https://medium.com/@_Checkmatey_/decred-following-in-bitcoins- footsteps-f8d0e0bbaff5

https://medium.com/decred/decreds-hybrid-protocol-a-superior- deterrent-to-majority-attacks-9421bf486292

https://github.com/buck54321/dcr-research/blob/master/paper/ Attack-cost%20estimation.pdf

https://medium.com/@permabullnino/decred-on-chain-ticket- funding-rates-4e7233c7b64f

https://medium.com/@permabullnino/decred-on-chain-hodler- conversion-rates-87e16a4c78cd

If people would like to follow you on your social media pages, visit your website or read your important documents like your white paper, what are the links they need to visit? Please list them below.

Of course, for more information about Decred project please visit our webpage https://decred.org/

For a deep dive into the project visit our documentation at https:// docs.decred.org/ To download our software please go to https://decred.org/downloads/

To know more where to get DCR visit our list of exchanges https://decred.org/ exchanges/

Visit our explorer to know more about all the public statistics of the project at https://explorer.dcrdata.org/

To learn more about the current proposals on Politeia go to https:// proposals.decred.org/

To visit our internal communications channel and deep dive into the inner workings of the project please join our server at https://chat.decred.org/

For the Developer community, we invite you to join our GitHub and to learn more where you can contribute to the project visit https://github.com/decred

Finally, join our main Telegram channel at https://t.me/Decred

Thank you so much for your time!

Free Bitcoins: FreeBitcoin | BonusBitcoin

Coins Kaufen: Bitcoin.deAnycoinDirektCoinbaseCoinMama (mit Kreditkarte)Paxfull

Handelsplätze / Börsen: Bitcoin.de | KuCoinBinanceBitMexBitpandaeToro

Lending / Zinsen erhalten: Celsius NetworkCoinlend (Bot)

Cloud Mining: HashflareGenesis MiningIQ Mining

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close