Decred is a cryptocurrency designed for P2P payments in a similar vein as Bitcoin, albeit with a focus on governance through a hybrid PoW/PoS consensus architecture. While not a fork of Bitcoin, Decred utilizes several of its design elements and explicitly aims to improve upon Bitcoin’s perceived shortcomings. Decred emphasizes governance input for all stakeholders through an on-chain voting and public proposal system; it was the first blockchain to implement an on-chain, token holder-approved hard fork.
In this report, we share our thoughts on self-regulation within the token sale / ICO industry. It is in informed by countless internal conversation and debates throughout our network, the review of over five hundred different projects, and the dozens of notices and actions from regulators around the world.
Q3 2017 was another transformative period for the blockchain and cryptocurrency sectors. Particularly interesting is the range of trends that marked the quarter, the significance of which extend far beyond headline figures for completed sales and funds raised during the quarter.
A hacker has stolen over 30% of The DAO. The community is considering a hard fork to stop the damage, raising issues of security, governance, and political philosophy that underlie cryptocurrency projects.
Backfeed will soon announce a governance proposal for The DAO.
What is governance in cryptocurrency? The first in a series of posts about how cryptocurrencies themselves can and do change over time – and who really has influence.