Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DCR] Decred - Hybrid PoW/PoS | btcsuite Devs | Tons of New Features | Go
by
IncludeBeer
on 25/08/2017, 01:08:30 UTC
I am trying to understand the feaures of Decred.
Am I right on this: For the voting process you have to buy tickets (like a lottery). With these tickets you can vote for changes (e.g. Block size) or to rate the last mined block as valid etc. The more tickets you have the higher impact for the voting process is.

Am I right on this? This seems to be special for Decred (beside Hybrid PoW/PoS).


you are pretty right with your assumptions - except that buying tickets is not really like a lottery. tickets have a price and you always get one (at least if you pay enough ticketfee). there's a more than 99% chance (@decred profis, correct me if am wrong) that your ticket gets voted with a 50% chance that it gets voted within the first 28 days.

IMO decred has way too less public attention, it deserves much more. once it gets the attention, price should go up.

You read it too literally. He was correct: the voting process is like a lottery. To participate in the "lottery", you have to buy tickets. But yes, 50% chance your ticket is called to vote within 28 days.

Actually on average every vote takes 28 days or so, not just 50%. Some vote in 1 day, some in 60, but if you stake a lot the average is 28 days, plus one day to mature before you can vote with that Decred again.

Right. So, on average, you can expect 50% of the tickets you buy to be mined within 28 days. As opposed to "only 50% of tickets vote within 28 days."