Bitcoin Forum
February 26, 2024, 11:47:32 PM *
News: Latest Bitcoin Core release: 26.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 ... 420 421 422 423 424 425 426 427 428 429 430 431 432 433 434 435 436 437 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 [470] 471 472 473 474 475 476 477 478 479 480 481 482 483 484 485 486 487 488 489 490 491 492 493 494 495 496 497 498 499 500 501 502 503 504 505 506 507 508 509 510 511 512 513 514 515 516 517 518 519 520 ... 555 »
  Print  
Author Topic: [ANN][DCR] Decred - Community Governance | Bitcoin Devs | Lightning Network  (Read 1201044 times)
IncludeBeer
Legendary
*
Offline Offline

Activity: 1164
Merit: 1010



View Profile
November 26, 2017, 08:38:36 PM
 #9381

Detailed Analysis of Decred Fork Resistance


TL;DR = THE DEVS STOLE YOUR BTC Cheesy

No no gembitz, it's not time to come out from under your bridge! That's a bad gembitz!  Grin

Grow the Dividend Snek! (pm me if you have questions)
https://powh.io/?masternode=0x1f9b145fdaef2b82aef29c2f3c9b875a8b017512
1708991252
Hero Member
*
Offline Offline

Posts: 1708991252

View Profile Personal Message (Offline)

Ignore
1708991252
Reply with quote  #2

1708991252
Report to moderator
1708991252
Hero Member
*
Offline Offline

Posts: 1708991252

View Profile Personal Message (Offline)

Ignore
1708991252
Reply with quote  #2

1708991252
Report to moderator
Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
EmilioMann
Legendary
*
Offline Offline

Activity: 2184
Merit: 1028


#mitandopelomundo


View Profile
November 26, 2017, 10:36:03 PM
 #9382


Really nice!

here is the article for everyone who is afraid to click on the link posted by a new member:

"BTCManager first mentioned Decred in 2016 as one of the altcoins that took significant strides in 2015; since then, the project has come a long way, at the forefront of atomic swaps and set to become a contender in the privacy space. Here we provide an introduction to the cryptocurrency, Decred (DCR).

History
Jake Yocom-Piatt, the organizer of the Decred project and CEO of company0, stated on an Epicenter episode how Decred came into existence, “The Decred project began as an outgrowth of a whitepaper that was posted on bitcointalk in April 2013. In April 2013, a whitepaper was posted for a coin called memcoin two, and it was posted by someone named Adam McKenzie. Basically, it was an idea to hybridize proof of work and proof of stake, instead of a having a Proof of Work (or Proof of Stake) dominated system.“

“It allowed for on-chain governance, that’s what really led to the start of Decred. Adam McKenzie and another user pursued contact with me starting in July 2013, and then they pushed me for several months to pick up memcoin two as a project, and Decred is what came out of that process in approximately March 2014.”

The Decred organizer also said that the more time you spend in Bitcoin, you involuntary learn about the problems of governance. Over time, more people have switched onto Decred, according to Yocom-Piatt. Instead of proof of work miners having access to the shared ledger, there is an added ability for the stakeholders to override proof of work miners. Yocom-Piatt continued, “Back in 2013 or 2014, an empty block was mined with bitcoin, which is basically a low-grade denial of service attack. We saw that this process as bad, the hybridization takes power from those with specialized equipment, such as ASICs and GPU farms, putting power back into hands of holders of coins.”

Herein lies a major difference between Bitcoin and Decred. While Bitcoin is entirely Proof of Work, Decred is only partial Proof of Work. Miners in Bitcoin keep their machines running to receive their share of the block reward, whereas, with Decred, the miners doing the work receive 60 percent of the newly generated tokens, the Proof of Stake voters get 30 percent while 10 percent goes to a development subsidy.

Dave Collins, the lead developer of Decred, explained the rationale behind such a system:
“It allows stakeholders to completely control the direction, we’re not just talking about block sizes here, when quantum computing becomes more relevant, you change the signature algorithm, you change the encoding mechanisms… You can pretty much change any part of the system, and we think that’s really important. Things advance over time, and you definitely have to have some way to upgrade those rules. One of the fundamental mistakes in Bitcoin, in my mind, is the approach to governance.”

One advantage of a dual system such as Decred is that it is more costly to 51 percent attack hybrid systems compared to Bitcoin. Collins explained on the Epicenter episode that a 51 percent attack for Proof of Work would cost around $500 million (at the time). Now, assuming exact same price of bitcoin, same hashpower, same number of coins, under the Decred system it would cost $2.8 billion, as an attacker would have to purchase a lot of the stake too (you’d have to own a lot of the cryptocurrency as well as own a lot of hashpower).

Instead of using hashpower to engage in proof of work and mine DCR, you can also stake your DCR holdings by getting a ‘ticket.’ The current price of a ticket is around 75 DCR ($2504). Once you’ve got your ticket, you will earn returns over a period of approximately 28 days. At the time of writing, the approximate reward is 1.7 DCR ($56.5). The staking procedure also has the added advantage of locking coins away from the available supply, providing a positive fundamental for the cryptocurrency’s value over time.

For example, in a November update, the Decred team noted, “Over the last two months the circulating supply of decred has dropped due to an increase in staking participation… this amount has now risen dramatically to 3.068 million (or 46.65 percent of available supply).” If this trend continues, we could see Decred leading altcoin market cycles, as DASH has been doing recently in the altcoin rallies during the Summer and August 2017.

Decred and Bitcoin share the same supply schedule, namely, only 21 million of each will ever be in existence. Around 31 percent of the total 21 million DCR have been mined so far, compared to bitcoin’s 17 million. However, eight percent of Decred was pre-mined, four percent was given away as part of the increasingly popular method of airdropping coins, while the other four percent went to the developers who got the project off the ground.

There are also differences in the hash functions; while Bitcoin uses SHA-256, Decred went with BLAKE-256 because of a significant number of improvements.

Decred Ecosystem
Governance is a key element of Decred while being digital money as well and the recent fork of Bitcoin Cash shows the importance of community decision-making. For instance, Decred stakeholders voted on Lightning Network implementation (98 percent in favor), where voting on such proposals can be done in the official wallets.

Two of the official wallets are Paymetheus and Decredition, with Paymetheus shown below. Here you can submit tickets and engage in stake mining, cast your votes, as well as store, send and receive DCR payments. The blockchain loads pretty quickly compared to other altcoin’s clients.

In November, it was revealed that third-party companies stated their intention to launch ASICs for Decred; ASICs are custom built chips specifically designed for mining and dominate bitcoin and litecoin mining. Expected to come online in mid-2018, Decred is not worried about miner centralization since it is not pure PoW. Therefore, the Decred network can take advantage of the increased security ASICs provide, creating a more robust network.  

Atomic swaps have been pioneered with Decred, with their open-source atomic swap software used by Altcoin.io exchange to conduct the first atomic swap between bitcoin and ether. BTCManager reported on the first atomic swap for decred and litecoin in September 2017:
“It is evident that the potential of atomic swaps in the market of OTC and P2P cryptocurrency trading is truly promising. In the upcoming months, the Decred development team aims to continue testing atomic swaps between Bitcoin Core, Litecoin Core and dcrwallet and encourage users of the three cryptocurrencies to integrate the technology into their GUI wallets.”
With this new technology, it would effectively disintermediate exchanges such as ShapeShift.

Privacy
The altcoin will also focus on privacy offerings toward the end of 2017, entering into the space dominated by Monero and Zcash. It is not clear what kind of technology will it be based on, but speaking to the Decred team, BTCManager learned that “it will be radically different to the technologies other privacy coins use.”

However, what is known, is that the team are working on a secure communications protocol known as zkc or zero knowledge communications. From the blog post, the team states, “We have chosen to keep it simple with zkc and take what we felt were the best parts of both Signal and Pond. zkc cuts the middle path between Signal and Pond in terms of UI/UX; it is not as easy to setup for clients as Signal, nor is it as challenging as Pond.”

The development of zkc is part of the project’s drive to “decentralize all things,” and the ultimate aim is to replace all of the communication tools currently in use, as well as avoiding the hassle of configuring them properly.

Politeia
In October, the project launched a governance data storage system called Politeia, which will be used to store of all Decred’s governance data off-chain anchored to the blockchain and reduce the on-chain footprint.
“While we will use it first as the basis for our proposal system, it has been developed as a generic tool that allows its users to create and maintain arbitrary data in a version-controlled and timestamped environment.”
The broader goal of Politeia is to serve a similar function as websites such as house.gov or senate.gov does to a nation state, namely to provide cryptographically verifiable records so that anyone can ensure that governance is being conducted transparently, making it more difficult to sabotage or subvert the governance process.

Price Analysis
Decred has displayed steady growth over 2017, as shown by the monthly chart below for DCR-USD. In early 2017, DCR-USD traded below $2 but then broke the $10 psychological handle in March. The bullish run continued into June 2017, when Decred hit a high of $51.794. Since the summer, DCR-USD retraced and now looks to test the 2017 high again, with the current price action holding firm above $40.
Notice only two fractal levels have formed for DCR-USD on the monthly timeframe. A buy fractal at $0.343 from December 2016 and a sell fractal from June 2017 at $51.794. A monthly close above $51.794 would open up decred to bullish momentum and should see a push to new highs. Notice also that the volume has been increasing over time on the Bittrex exchange (DCR can also be acquired on Poloniex), suggesting more traders and investors are becoming more interested in the altcoin.
The Fibonacci targets indicate that a break above $51.794 could materialize into a long-term drift toward the 161.8 and 261.8 percent extension levels, at $83.59 and $135.04 respectively.

DCR-USD Looks to Head to $83.59
Therefore, from a technical and fundamental standpoint, Decred looks like one cryptoasset to keep your eye on, with strong performance expected in late 2017/early 2018 as staking becomes more popular, more participants join the governance process, and privacy technologies are incorporated into the cryptocurrency.
 
The author owns no Decred but may enter a buy position in the next 48 hours."

by Jamie Holmes
jztxeno
Hero Member
*****
Offline Offline

Activity: 700
Merit: 501


View Profile
November 26, 2017, 10:42:33 PM
 #9383

Is there a PoS calculator for DCR?
diogoo
Newbie
*
Offline Offline

Activity: 35
Merit: 0


View Profile
November 26, 2017, 11:00:58 PM
 #9384

DCR finally on the move
MrSunshine
Sr. Member
****
Offline Offline

Activity: 1181
Merit: 259


View Profile
November 27, 2017, 03:13:17 AM
 #9385

Is there a PoS calculator for DCR?

Look at the ROI on https://dcrstats.com/ It is currently 2.18% per 29 days with a ticket price of 63.7, but the ticket prices as also move around a bit as shown on this sit as well.
hexoli
Full Member
***
Offline Offline

Activity: 151
Merit: 100


View Profile
November 27, 2017, 03:21:07 AM
 #9386

I'm happy with this project. I wish you all the best of luck.
MrSunshine
Sr. Member
****
Offline Offline

Activity: 1181
Merit: 259


View Profile
November 27, 2017, 03:26:53 AM
 #9387

DCR finally on the move

No kidding, it's previous ATH was like $45 and we are now at $65. An impressive pump, lets hope it holds. We know this coin should be priced much higher. 
aleksand
Legendary
*
Offline Offline

Activity: 868
Merit: 1000



View Profile
November 27, 2017, 03:51:04 PM
 #9388

when will release lightning application?

Yes I am quite interested in this also. Pumps tend to last until lightning is implemented, once implemented the news hits and lots of people start to take profits. I am not invested into DCR, but I am eager to watch this from the sidelines)
MihailJ
Full Member
***
Offline Offline

Activity: 504
Merit: 102



View Profile
November 27, 2017, 06:18:14 PM
 #9389

Tonight in Bitcoin- Bgold is #5! BTC pumps, Bdiamond & other crypto-dividend thoughts, Decred

Bgold is now the #5 cryptocurrency ion the planet. That is the power of the Bitcoin name. Another day and another all-time high for Bitcoin. The 80% discover Bdiamond. I mention Decred so all the DCR fanatics can celebrate
https://www.youtube.com/watch?v=lstTR1N3QFo&t=18m18s
bitkolik
Sr. Member
****
Offline Offline

Activity: 532
Merit: 254


View Profile
November 28, 2017, 09:24:50 AM
 #9390

I can`t find info - how much is profit for using DCR POOLS with min amount of DCR? For example I have 70 DCR. How much ~ will I earn per month?
Janaj
Newbie
*
Offline Offline

Activity: 17
Merit: 1


View Profile
November 28, 2017, 11:39:14 AM
 #9391

I can`t find info - how much is profit for using DCR POOLS with min amount of DCR? For example I have 70 DCR. How much ~ will I earn per month?

Just look at dcrstats.com - you will get 1.3886 DCR for the POS Vote right now.
revelacaogr
Legendary
*
Offline Offline

Activity: 1316
Merit: 1021

2009 Alea iacta est


View Profile
November 28, 2017, 02:28:04 PM
 #9392

DCR / KRW will be listed in few hours -> Expect Madness
 by ElMojitoStudent

https://www.reddit.com/r/CryptoCurrency/comments/7g32lj/dcr_krw_will_be_listed_in_few_hours_expect_madness/

DCR / KRW will be listed on UPbit in the next hours. $PIVX was listed a few hours ago and price jumped from $3.60 to $5.50+ https://www.upbit.com/exchange?code=CRIX.UPBIT.KRW-DCR
It's not active for trading yet.
Why Decred?
1) DCR has one of the best devs in crypto (14+ devs)
2) Lightning network
3) Privacy implementation
4) The real DAO coin + Supports Voting
5) Proposal System
6) First POW/POS Hybrid consensus system
7) Staking - 42% of the supply is locked

https://www.upbit.com/exchange?code=CRIX.UPBIT.KRW-DCR
gghost
Jr. Member
*
Offline Offline

Activity: 36
Merit: 2


View Profile
November 29, 2017, 04:52:02 PM
 #9393

Decred is the coin that people buying Dash think they're getting. With Dash price at $700, imagine once everyone figures out that Decred is functionally the best implementation of blockchain as a currency. Good things will come to those who are patient  Wink
metallicelmo
Sr. Member
****
Offline Offline

Activity: 882
Merit: 252



View Profile
November 29, 2017, 09:55:42 PM
 #9394

Decred is awesome, I remember mining it on day one with a couple of pc's, they were $1 back then...  This coin has much room to grow
IncludeBeer
Legendary
*
Offline Offline

Activity: 1164
Merit: 1010



View Profile
November 30, 2017, 04:56:53 AM
 #9395

Decred is awesome, I remember mining it on day one with a couple of pc's, they were $1 back then...  This coin has much room to grow

Honestly, $700 is a pretty fair target imo. I'll be really surprised if we don't hit that before end of 2018.

Grow the Dividend Snek! (pm me if you have questions)
https://powh.io/?masternode=0x1f9b145fdaef2b82aef29c2f3c9b875a8b017512
matrixturk
Full Member
***
Offline Offline

Activity: 476
Merit: 100


View Profile
November 30, 2017, 10:34:51 AM
 #9396

I think decred will be top 20 coin in coinmarket cap I like this coin. Especially Lightning is very special thing. But I wonder what is exactly decred's project. is decred community hard working like waves or not?
Dge10
Full Member
***
Offline Offline

Activity: 182
Merit: 101


View Profile
November 30, 2017, 11:27:45 PM
 #9397

It exceeds $250 by the end of December 2017!!!!!!!!!!
metallicelmo
Sr. Member
****
Offline Offline

Activity: 882
Merit: 252



View Profile
December 01, 2017, 08:30:22 AM
 #9398

It exceeds $250 by the end of December 2017!!!!!!!!!!

Why?
KryptoJunkie
Newbie
*
Offline Offline

Activity: 56
Merit: 0


View Profile
December 01, 2017, 08:31:45 PM
 #9399

Whatever its clear Decred is moving up with bitcoin now and headed up to take the place of those other expensive coins switching planets in the solar system.  Well long awaited but Decred has lift off.
hacksmash
Full Member
***
Offline Offline

Activity: 220
Merit: 101



View Profile
December 01, 2017, 09:02:35 PM
 #9400

Whatever its clear Decred is moving up with bitcoin now and headed up to take the place of those other expensive coins switching planets in the solar system.  Well long awaited but Decred has lift off.

You must be looking at a different exchange than I am. On Cryptopia its keeping a pretty steady sideways movement in the .004 & .006 btc range. I am awaiting the return of .01

BLK : BDixtCZLWG2M3uTCN1tqXSCu4chXnN5TgH UNO : uZDvh8ZWMN859sksKqkoeUX3trazXro8MH
CDN : CduyH8dMb282mv8XTE2ZDqZ9H4yvnNDKXJ BTC : 17QTs29kJtrowWL7mQ8NKZHSnMiT7QTW7m
Pages: « 1 ... 420 421 422 423 424 425 426 427 428 429 430 431 432 433 434 435 436 437 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 [470] 471 472 473 474 475 476 477 478 479 480 481 482 483 484 485 486 487 488 489 490 491 492 493 494 495 496 497 498 499 500 501 502 503 504 505 506 507 508 509 510 511 512 513 514 515 516 517 518 519 520 ... 555 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!