Sep 6, 2019 ⋅ 1 min read
First generations of blockchains haven't proven the capabilities of a transparent, scalable governance mechanism taking into account the interests of all stakeholders. Decred ($DCR) looks to improve upon existing models by maintaining a series of checks and balances through hybrid Proof-of-Work and Proof-of-Stake architecture where mined by PoW and then validated by PoS, an open on-chain governance system where upgrades are voted on miners, and a self-funding mechanism where a portion of block rewards are allocated to a decentralized treasury.
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