I had heard a lot about Decred and never looked into it that much. Definitely wish I would have sooner. It honestly sounds too good to be true but the proof is in the pudding.
- Many coins will start PoW and then switch to PoS but Decred is the only one I know of that is a PoW/PoS hybrid and plans to stay that way, making it arguably the most democratic and for-the-people coin around as well as
one of the most secure.
- The governance model is unmatched. The method of suggesting changes to the network and then validating or rejecting those changes is straightforward and sensible.
- The dev team is unreal. I haven't found a team with these credentials outside of the top 20 marketcap, and there are teams within the top 20 that aren't nearly as good.
- The dev fund from each block allows all of those skilled devs to continue working on Decred as long as the coin maintains a decent value, and based on what I've seen I think that will be true for the foreseeable future. One
risk is that miners and stakers are less incentivized to maintain the network but that does not seem to be an issue.
These were the big takeaways that got me excited about this project. I hope this will get others to check it out as well.
i totally agree with you man. I've holding my decred since few months right now, and even if i am in little lost, i'm not worried at all.
Just look at how this thread is alive!
Anyway, can i ask you what do you think about the incoming asics arrive?
Generally I think Asics being made for a coin is a good thing in terms of network security but a bad thing for decentralization. The hash rate of the network will increase making the network more secure. But Asics are much more costly so mining power will be more centralized to those that can afford them.
But the beauty of Decred is the hybrid block validation where stakers have the final say in validating mined blocks. This maintains decentralization while keeping the security of a network with more hash power. I can only see Asics as a good thing for the future of Decred.