Decred Special Interest Group

This is a recurring event for individuals interested in Decred. Decred offers an interesting technology for learning about blockchain and cryptocurrency technology. The group is run by Michael Ghen, an active researcher studying Decred's technology and engineer running full nodes on Decred's testnet.

# What is Decred?

Decred is a decentralized, autonomous digital currency governed directly by its voting stakeholders. Stakeholders vote to decide on consensus rule changes, as well as matters of Treasury and policy. Decred is self-funded by a portion of the block

# Why is Decred needed?

Decred was born from its founders’ experiences with Bitcoin’s governance. Company 0 developed a Bitcoin full node implementation called btcsuite, but the software was not well received by the Bitcoin Core development team. With Bitcoin, the Core developers and Proof-of-Work miners are strong, centralized constituencies that can effectively veto changes to the consensus rules — other stakeholders in the Bitcoin ecosystem have minimal influence. The absence of a clear method for making decisions results in protracted disputes and chain splits, whereby a sub-community breaks off and creates an alternative version of the currency. This weakens the network effects and dilutes the project’s resources. Bitcoin also has a funding problem, which has been addressed with venture capital investment, bringing with it conflicts of interest. Decred is a better cryptocurrency because it addresses these shortcomings.

Learn more: https://decred.org/brief/