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Author Topic: [ANN][DCR] Decred - Community Governance | Bitcoin Devs | Lightning Network  (Read 1017807 times)
decred
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December 15, 2015, 03:10:53 PM
 #1


Decred solves blockchain governance and rewards you for voting.
What we're building will empower your ideas, give you control over decisions, at lightning fast speed, while protecting your privacy.

Technology
Decred allows users to seamlessly transition from one set of consensus rules to another. This is a complex problem, as demonstrated by the difficulties experienced in Bitcoin governance. Decred uses an innovative hybrid proof-of-work (PoW)/proof-of-stake (PoS) system similar to proof-of-activity (PoA) to solve this problem and gives users of the currency decision-making power about the set of consensus rules to activate.

This hybridized consensus system is used to strike a balance between miners and users to create a more robust currency. Typically, the miners who operate the infrastructure wield considerable influence while the users have relatively little sway. Decred allows users to participate in the project directly without the need for expensive mining hardware.
Development
Decred fosters a multi-stakeholder development ecosystem that welcomes and empowers participants who want to improve on existing features or build new tools. Anyone can submit feature proposals, and developers are paid for work to fulfill requirements in full view of the community. Funding for this work comes directly from the Decred blockchain.

The main Decred development group started as the Bitcoin developers who develop btcsuite, a widely respected Bitcoin implementation in Go that has been used by several high-profile projects including, but not limited to, BitGo, Factom, Ethereum, and the Lightning Network. Several of Decred's developers have also been contributors to the core of OpenBSD, among many other projects. Anyone is free to join development as an individual, a group, or a company - as many have already!
Community and Principles
Decred is constructing a layered governance organization that extends beyond the miners and users to bring forward and represent insider and outsider voices in the community. Decentralization is a process, and a decentralized ledger is only the first step in that process.

The project is bound by the Decred Constitution, so users can know what to expect: a finite number of coins, decentralized governance and a place to share their views. Decred's community plays an important role in making decisions, both informally via the Decred infrastructure and formally via the blockchain.




Wallets
GUI Wallets (bundled with dcrd/dcrwallet):

Core software:

3rd Party Wallets:
  • Exodus - friendly, all-in-one application, to secure, manage and exchange blockchain assets.


Roadmap
  • 2017 Milestones

    • Public Proposal System
      • Introduction of the first censorship-resistant and blockchain-anchored public proposal system, which empowers users to submit their own projects to Decred for self-funding from the project's block subsidy
    • Stakeholder-directed DAO
      • Convert Decred into a stakeholder-directed distributed autonomous organization (DAO), whereby users are given further control of development funds through voting
    • Lightning Network support
      • The two projects' respective lead developers work closely together - lnd and Decred are based on btcsuite, which was also developed by Decred's own developers
    • Enhanced User Privacy
      • Highly anticipated project within Decred likely to attract widespread attention

  • Completed

    • Novel hybridized proof-of-work/proof-of-stake (PoW/PoS) consensus system
    • Cold staking and decentralized stake pooling
    • Internal voting system for the addition of new features and hard or soft fork selection
    • Immutable transaction hashes ("transaction IDs") by separating transaction signatures from the rest of the transaction data
    • Elliptic curve cryptography over secp256k1 with optional Curve25519 support
    • Schnorr signatures with threshold n-of-n support
    • PoW mining using BLAKE256 hash algorithm
    • Hierarchical deterministic (HD) wallets
    • Transaction expiration
    • Patches for intrinsic Bitcoin bugs


Who works on Decred?
Decred operates through a resilient contractor model that allows for new individuals, groups, and companies to contribute to the project. At present, Decred consists of a large number of contributing members who work on the project:

  • 14+ developers who actively contribute new code, maintain current code, and implement roadmap features in Decred's free and open-source software and repositories.
  • 19+ marketing/community helpers who develop a number of clearly defined areas for Decred: (1) advertising, (2) media, (3) networking, (4) platform management, and (5) special projects.
  • 8+ designers work alongside the developers and marketing contractors to develop solutions in disciplines of (1) UX/UI, (2) identity, and (3) visual communications.


                                                           

 Mining Software
  • gominer - CUDA/OpenCL miner for AMD/NVIDIA GPUs
  • ccminer - 3rd party CUDA miner for NVIDIA GPUs
  • sgminer - 3rd party OpenCL miner for AMD GPUs
⠀⠀⠀Exchanges
 
⠀⠀⠀
 Proof-of-Work (PoW) Pools
⠀⠀⠀Proof-of-Stake (PoS) Pools
 

Technical Brief | Documentation | Voting Dashboard

Latest Release: v1.1.0 (2017-09-23)
Release Notes
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tacotime
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December 15, 2015, 03:11:32 PM
 #2

reserved

edit:

tl;dr

I approached c0 with the MC2 concept from 2013 and merged efforts to develop the system in 2014. I developed a working proof-of-concept for Decred at that time, and then let them refine it while I audit and provide feedback.

Code:
XMR: 44GBHzv6ZyQdJkjqZje6KLZ3xSyN1hBSFAnLP6EAqJtCRVzMzZmeXTC2AHKDS9aEDTRKmo6a6o9r9j86pYfhCWDkKjbtcns
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December 15, 2015, 03:14:01 PM
 #3

Watching with interest.

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December 15, 2015, 03:20:16 PM
 #4

tl;dr

edit: i should've read lol this project might be great
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December 15, 2015, 03:42:39 PM
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Reserved ; reading through the briefs as we speak.

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December 15, 2015, 03:51:43 PM
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What is the origin and meaning of the name "Decred"? How is it pronounced?
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December 15, 2015, 03:53:43 PM
 #7

Good luck!

reserved

Privacy matters, use Monero - A true untraceable cryptocurrency
Why Monero matters? http://weuse.cash/2016/03/05/bitcoiners-hedge-your-position/
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December 15, 2015, 03:58:38 PM
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I'm here too. Really sorry the images won't show - we'll try and fix that up (new accounts need higher posts for images).

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December 15, 2015, 04:15:49 PM
 #9







Decred staking/voting Pool:
StakePool.eu


Maintained by myself and Epsylon3, well known ccminer/cpu-miner developer.
Pool running in dedicated servers across disperse regions and providers.
Main discussion thread here.


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December 15, 2015, 04:18:03 PM
 #10

Looking good.

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December 15, 2015, 04:20:31 PM
 #11

Will be ready for this one

suprnova pools - reliable mining pools - #suprnova on freenet
https://www.suprnova.cc - FOLLOW us @ Twitter ! twitter.com/SuprnovaPools
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December 15, 2015, 04:24:52 PM
 #12

ffs that is a lot to read.... about half way through it and it looks mighty interesting.

Can you elaborate on this for the airdrop?::

Quote
If you have contributed to the advancement of technology in its many forms, plan to, or are keen to participate in Decred, please ensure your URL links to material that demonstrates this.

This post sums up why all this bullshit is a scam
Read It. Hate It. Change the facts that it represents.
https://bitcointalk.org/index.php?topic=1606638.msg16139644#msg16139644
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December 15, 2015, 04:26:45 PM
 #13

ffs that is a lot to read.... about half way through it and it looks mighty interesting.

Can you elaborate on this for the airdrop?::

Quote
If you have contributed to the advancement of technology in its many forms, plan to, or are keen to participate in Decred, please ensure your URL links to material that demonstrates this.

Looks interesting.. Need to read more.

twitter @antiiclimax syndicatelabs.io
decred
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December 15, 2015, 04:39:29 PM
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ffs that is a lot to read.... about half way through it and it looks mighty interesting.

Hey billotronic, thanks for having a look! Sorry about it being super long - there's been so much going on around the code as well! Getting that across in a short way is a challenge that's hard to meet.

Can you elaborate on this for the airdrop?::
Quote
If you have contributed to the advancement of technology in its many forms, plan to, or are keen to participate in Decred, please ensure your URL links to material that demonstrates this.

With regards to your question, what Decred is hoping to do is get people involved who are doers - so it's not just a free-for-all giveaway. If you read it, and it resonates with you in some way, and you can see it growing from this foundation - in particular if can see yourself joining the project and being part of it, then you would qualify for the airdrop. Even just having an account that's been active in discourse on the issues, that's important and worthwhile.

The hope is to get people involved through the airdrop who are either interested in developing the actual Decred technology (software, etc.) or develop the project and governance in other ways. So that's really all it's about, trying to find people who are interested and want to walk this journey together. It's not going to be a project where those who were there first call all the shots - it's going to be open and collaborative. A place where contributing will reward.
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December 15, 2015, 04:45:14 PM
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Looks neat. Not sure the premine is the best idea, and airdrops have a somewhat notorious history in cryptoland, imo, but with that being said, I'd be happy to participate in this one Cheesy
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December 15, 2015, 04:51:56 PM
 #16

What is the origin and meaning of the name "Decred"? How is it pronounced?

tacotime came up with it while brainstorming with c0. If I remember correctly, it was on the topic of "decentralized credits". It's kind of taken on a meaning of its own now. It seems that most people who see it think it's pronounced "dee-cred".
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December 15, 2015, 04:59:58 PM
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What is the origin and meaning of the name "Decred"? How is it pronounced?

tacotime came up with it while brainstorming with c0. If I remember correctly, it was on the topic of "decentralized credits". It's kind of taken on a meaning of its own now. It seems that most people who see it think it's pronounced "dee-cred".

In terms of the name, made up words are always nice since you don't have to translate them (an idea that goes back at least to Kodak if not earlier).
decred
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December 15, 2015, 05:10:28 PM
 #18

Looks neat. Not sure the premine is the best idea, and airdrops have a somewhat notorious history in cryptoland, imo, but with that being said, I'd be happy to participate in this one Cheesy

Those are fair comments. The project struggled with this for a long time. Back in 2013, we thought about trying to get people to contribute financially to fund the development that way, but then there was an explosion of projects who ran off with people's money promising to build stuff. Some of them did build stuff and many more didn't. It was really important to not do that - the community's been battered to hell with all the scams.

But the question remained, how do you pay for real development work and produce something that is worthwhile, whilst not putting the community at risk if it can't be built? The best alternative was to do use what's being built for that purpose so the devs carry the risk and then give to the community the same amount (spread across those interested), so that there's a form of balance. Both these concepts, premine and airdrop have been abused, so we wanted to make sure that's avoided - hopefully people will see that we haven't asked them to carry risk for the devs in that way.

At the end of the day, I'd rather opt for a solution that gets new technology that isn't vaporware and tries to make improvements, remains sustainable in the long-term, and delivers something real in the end.
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December 15, 2015, 05:27:16 PM
 #19

Well this sure looks interesting.  I'll definitely be following this.

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December 15, 2015, 05:45:13 PM
 #20

I am following and will be interested in mining when it starts.

Will an AMD miner be the only option available or will some love be shown to the many Nvidia card miners?

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