At all times, there are up-to-date statistics available. If you are interested, check voting.decred.org and dcrstats.com. The statistics show that voter turnout is high. It means that a large proportion of the PoS miners participate in Hard Fork voting. For the first topic the proportion is ~86.8% and for the second topic it is ~64.2% of the votes.
Furthermore, the statistics show that there is a consensus within the community. Of the active participants, current support levels show that ~97.8% of the votes are in favour of the staking algorithm change, and ~98.5% are in favour of Lighting Network support development to begin. There is a 75% threshold of support needed for a successful Hard Fork.
At the time of writing only 1/3 of the cycle has been completed. The current ‘Rule Change Interval’ ends at Block 141183. For the most recent Block you can check mainnet.decred.org
Significance of the vote
As mentioned in a recent post of The Decred Digest, this is an exciting time for Decred. The efficiency and effectiveness of Hard Fork voting will allow the community to quickly reach consensus. This enables a community-based decision making process, creating a highly progressive and innovative cryptocurrency.
The smooth implementation of the on-chain Hard Fork voting system also highlights the calibre and work ethic of the Decred development team. This promises great things for the future.
Since the start of Decred many new users have joined the project. Recently we have witnessed the 1.0 launch, which has introduced many innovative features to the network. One famous example is Hard Fork Voting.
On the official Decred website you can see that the Decred software has now been downloaded over 100K times. This is another milestone for the project!
Exciting development around the Decred project: you can now buy DCR using dollars. Moreover, you can exchange Decred to any major cryptocurrency available! This is an important step in the history of the project.
The website changelly.com has recently started to support Decred. Check out their quote about Decred on the list of supported currencies:
“Decred is a Bitcoin based cryptocurrency. Using a combined PoW/PoS consensus system, Decred represents a more stable and robust cryptocurrency that doesn’t require expensive mining hardware. Decred coins (DCR) are stored in special lite wallets that could serve as a mining tool as well”
Head over to Changelly and buy Decred with your favourite (crypto)currency!
Blockchain is revolutionising money. Since Satoshi Nakamoto unveiled Bitcoin we have witnessed a massive growth of companies and codebases. Hundreds of promising cryptocurrencies have emerged. However, only a select few have proven themselves as true contenders to Bitcoin. Decred is one of them. Among the other ‘contenders’ are Ethereum, Monero, Dash, and Zcash.
We can ask the question: is the competition narrative really what we need? According to some experts, cooperation and collaboration are lacking in the world of Blockchain. For example, Andreas Antonopoulos blamed some of Bitcoin’s development delays partly on community trolling.
Working together could help to solve many larger issues such as mainstream adoption, legal frameworks and technological challenges.
What do you think? Are we all ‘contending’ to be the best cryptocurrency? And how can we focus on working together?
It is a great sign if cryptocurrencies are adopted by merchants. First of all because it means that DCR has value in real life. Secondly, it means that the transaction network is trusted among webshop owners. Third, this type of adoption will attract many new users.
What can you buy?
If you like to spice up your food, you can now buy hot sauces and high quality pepper seeds at pexpeppers.com. They offer hot sauces in 5 different flavours.
When you want to improve your brain skills, you can buy all sorts of puzzles at improvabrain.com. They offer all sorts of cubes and wooden puzzles.