What is Decred? Decentralized Blockchain Governance
https://coincentral.com/decred-lowdown-decentralized-blockchain-governance/Decred (DCR) is a cryptocurrency that prioritizes decentralized governance and decision making on the blockchain. The goal is to build a cryptocurrency that runs autonomously, with improvements voted on and enacted directly by the miners and holders of the currency.
Decred incorporates some fundamental changes from the Bitcoin protocol that it’s based on in order to accomplish these decentralizing goals.
Decred launched its mainnet on February 8, 2016 to mixed reviews from crypto enthusiasts. For some, Decred represented everything Bitcoin was supposed to be from the outset. It was seen as the pinnacle of decentralization and democratic decision making for a peer-to-peer network, allowing it to respond quickly to attacks and community requests for new features.
On the other hand, many skeptics question what Decred brings to the table that’s truly new and unique. Other cryptocurrencies have mechanisms for incorporating community needs, and it’s not entirely clear why you would choose to use Decred over a more established currency.
Decred’s developers and community believe Decred’s protocol for incorporating improvements and changes will allow it to become the optimal cryptocurrency on the market in the long run. Over time, they claim Decred will be the most responsive to the needs of future cryptocurrency users, and that will make Decred the foremost coin based on user influence.
Currently, nearly two years into the Decred experiment, DCR’s market cap sits in the low 30s in terms of ranking for cryptocurrencies, with a total market capitalization of around $354 million, according to CoinMarketCap.....
