In a recent edition of Bitcoin PR Buzz, the focus is on the monumental, historical Decred 1.0.0 release. The hype is more than justified in this case. Titled Decred Releases v1.0: The World’s First Cryptocurrency of the People, for the People, and by the People, it elucidates the most important facets of this breakthrough in the world of crypto currency governance.

“This historic release puts Decred stakeholders in charge of shaping the future of Decred through direct community consensus voting. For the first time in the history of cryptocurrencies, governing control moves away from centralized authorities, such as developers and miners, and is given to the community of stakeholders.”

Decred solves one of the most fundamental problems, if not the fundamental problem with Bitcoin, and we see this problem manifest today in the form of the segwit/Bitcoin Unlimited fiasco. In an episode of The Crypto Show, Bitcoin Core contributor Peter Todd mentioned the idea of allowing users to vote (or signal support) for hard forks, which is a concept that was heavily discussed at the Satoshi Roundtable in late February 2016. During the interview, Todd summarized why having users vote for changes to Bitcoin’s consensus rules would be an improvement over miner voting:

“Something like coin voting ‒ that could give you much better feedback on what people actually want. Right now, we don’t really have a good way of getting feedback.”

While for Bitcoin this is only an idea, for Decred it will be a reality!

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