Decred, an experiment in on-chain governance

Steven Zheng
Decred's origin story traces back to two distinct points: an obscure Bitcointalk post in April 2013 and a blog post introducing an alternative Bitcoin full-node implementation, dubbed btcd, in May 2013. The people behind these two posts would soon come to work together to create Decred, a cryptocurrency with a built-in governance system.The post Decred, an experiment in on-chain governance appeared first on The Block.

A historical overview of Decred

Decred’s origin story traces back to two distinct points: an obscure Bitcointalk post in April 2013 and a blog post introducing an alternative Bitcoin full-node implementation, dubbed btcd, in May 2013. The people behind these two posts would soon come to work together to create Decred, a cryptocurrency with a built-in governance system.

On April 3, 2013, a Bitcointalk user going by TradeFortress started a thread titled “Want to make an altcoin that actually changes something?” In the post, another user, who went by the pseudonym tacotime, expressed his interest in developing an altcoin but “just [needed] people with the time to code.”

Four days later, tacotime introduced Bitcointalk to MC2 (Memcoin2) a cryptocurrency based on a hybrid Proof-of-Work and Proof-of-Stake system.

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