Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DCR] Decred - Hybrid PoW/PoS | btcsuite Devs | Tons of New Features | Go
by
rehydrogenated
on 02/12/2017, 17:24:21 UTC
Hello everyone,

Today the project would like to announce the launch of dcrtime and the introduction of blockchain-based timestamps to Decred. This is phase 1 of 2 in Decred's rollout of a censorship-resistant proposal system.

For a detailed write-up of dcrtime, please refer to the announcement blog entry. You can find the first dcrtime tx on the DCR mainnet here: https://mainnet.decred.org/tx/9af946f599e09d68b4590ced2e046c3f883411e1f06e199c073efa621af18d93

If you're interested in blockchain-based timestamps like dcrtime, also check out OpenTimestamps. Props to Peter Todd for his great work! Please also join the discussion on a dedicated forum thread if you want to leave persistent remarks or questions about dcrtime.

Sincerely,
Decred Project

Source: dcrtime: Blockchain-based Timestamps

I don't see too many comments on this update so I wanted to chime in. I've been following the Chronologic ICO for awhile now. I didn't invest because I thought their idea was too simple. It actually looks like Decred is already planning on implementing one of their best ideas and adding it to Decred's most valuable system -voting. There are some great comments on the forum too. The importance and usefulness of blockchain-based timestamps for security and trace-ability should not be understated. It's a huge improvement on the blockchain and allows things like votes to be recorded accurately forever. Anyone can go back and check the votes and get an accurate picture of the progress of the project.