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Decred is a cryptocurrency that is dedicated to a more transparent form of governance. The goal is to balance the wishes of users and miners through a hybrid consensus system, allowing users more influence than they have with other cryptocurrencies. Users can submit voting proposals, which are written directly into the currency’s blockchain, and those who have used Decred to purchase tickets have the opportunity to vote on proposals.
Should the proposal pass, it triggers the new section of blockchain code to become active. Though there is the chance for bad actors to sway voting results, safeguards such as a finite number of coins and calling random tickets to vote on each proposal are designed to make this unlikely. Coming in the next year, Decred hopes to integrate the lightning network, allow for LiteCoin/Decred swaps, and signaling mechanisms for the proposal system.
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