5 Matching Annotations
- Jun 2018
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www.smithandcrown.com www.smithandcrown.com
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By requiring a lock up period for the DCR to obtain tickets, Decred hopes that only users invested in the long-term growth of the network will be involved in the consensus process. Short-term speculators and day traders of DCR will not be able to participate in consensus or governance without making their holdings illiquid.
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One concern in the Decred community is that the rising ticket price (about 100 DCR, as of mid-2018) excludes small holders from participating in governance and block validation.
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A Hybrid Proof of Work, Proof of Stake Crypto-currency’. The initial design of Decred was also inspired by the Proof of Activity whitepaper co-authored by Litecoin founder Charlie Lee.
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Block rewards are split 60/30/10 between PoW miners, PoS stakers, and a development fund controlled by community vote.
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The network was launched in February 2016
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