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Cypherpunk Times

What's the Reasoning Behind Decred's Hybrid Security? - Decred Fundamentals

31 Aug 2021

Description

The Decred project is renown for being forward thinking and exists because the evolution of blockchain is necessary. The team behind Decred believed in the fundamentals of what Bitcoin was aiming to achieve but were aware of future events that would be near impossible to solve under the current implementation.   The Decred team also realised early on, that there were massive trade offs with the two most popular forms of blockchain protocol. But if they could combine the two and mitigate against these downsides they would be able to build a system that is hyper secure and adaptable long into the future. Decred is an autonomous digital currency. With a hybrid consensus system, it is built to be a decentralized, sustainable, and self-ruling currency where stakeholders make the rules.  Find out more about Decred: https://decred.org Thank you so much for watching! Tips are appreciated! If you wish to donate via cryptocurrency, or follow on social media, please go to my CoinTree page: https://cointr.ee/decredsociety

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