DecredDCR#66

As an open-source Bitcoin fork, Decred (DCR) was launched in 2016 by the developers behind Bitcoin’s alternative full-node implementation btcsuite. Decred uses a hybrid Proof-of-work and Proof-of-stake system, and maintains a public proposal platform to encourage community participation; meanwhile, cross-chain atomic swaps allow users to trade directly rather than via inconvenient external exchanges. Part of the motivation for Decred’s initial split was its perception of Btitcoin’s governance as inefficient, and its proposal describes a ‘system of community-based governance integrated into its blockchain’. That commitment to stake-holder input was exemplified when it orchestrated an on-chain user-activated consensus vote in 2017, becoming the first blockchain ever to do so successfully. Decred’s built in governance systems empower its communities and allows for sustainable growth long-term. For instance, emphasis is placed on development funding, with 10% of every block reward going to Decred’s treasury to support its continuing innovation.