#193
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Dave Collins and Jake Yocom-Piatt join us to talk about Decred, a cryptocurrency which introduces an innovative system of community-based governance into its blockchain. Decred implements a hybrid Proof of Work and Proof of Stake system in which miners validate transactions, while users can vote on new features and upgrades to the protocol. This clever approach enables efficient blockchain governance, which has demonstrated to be successful in a recent protocol upgrade on the live network.
Topics discussed in this episode:
Dave and Jake's respective backgrounds in the blockchain space
The challenges addressed by Decred, specifically regarding blockchain governance
Decred's hybrid Proof of Work/Proof of Stake approach to governance
How users of the network vote on protocol upgrade with ""tickets""
Possible downfalls and attack vectors to this approach
How Decred's governance model successfully implemented a hard fork on the production network
Decred's approach to development funding
Links mentioned in this episode:
Decred Website: https://www.decred.org/
Decred Documentation: https://docs.decred.org/research/over...
Sponsors:
Ledger: Industry standard security meets convenience and usability with the Nano S - http://epicenter.tv/ledger
Shapeshift: Buy and sell alt coins instantly and securely without a centralized exchange - http://epicenter.tv/shapeshift
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Epicenter is hosted by Brian Fabian Crain, Sébastien Couture & Meher Roy.