Hello, Cryptopreneurs!
I’ve got my coffee in hand and ready to take a couple minutes to have a have a Bull Session on... Decred - and stalking co-founder Jake Yocom-Piatt on the internet.Decred is not about getting big and failing fast but rather taking the strengths and weaknesses of both Proof of Work and Proof of Stake mechanisms for consensus that can be leveraged by everyone; not taken over by just the big servers and accounts.
Another really cool thing that I found out about Decred is that it is working toward de-incentivizing bad actors on the network. So there’s an opt-in layer Proof of Stake layer for block approvals, so if Proof of Work miners begin to misbehave, it would be possible for Proof of Stake to invalidate their block awards.
Another thing that struck me while online stalking Jake, was the fact that he is very knowledgeable and down to earth, which seems to be reflected in the Decred constitution. Because blockchain, by it’s very construction is an immutable ledger that should have an unbreakable chain, information is added to this chain making it very long and packed with information that might not be relevant in a few years. Taking ourselves into the future, do you really need transaction history that’s 20 years old? Certainly there are documents that will stay relevant, like deeds, legal documents and medical history, but your day to day transactions? Probably not.
I hope you enjoyed my Bull Session. I’d love to hear your ideas on topics I can BS about, and guests who might want to come on the show and BS with me. Got a project you want to talk about? Let me know!
Vote in our Twitter poll: Have you heard of Decred?
Follow Jake on Twitter at @behindtext
Follow Decred on Twitter at @decredproject
Watch the Decred & Decred Privacy Presentation
And finally, bookmark the Decred blog
Disclaimer
Content provided by CryptoTraderNews is for informational purposes only, and should not be construed as legal, tax, investment, financial, or other advice. All information is of a general nature. As always, there is risk with any investment. In exchange for using our products and services, you agree not to hold CryptoTraderNews Pro, its affiliates, or any third party service provider liable for any possible claim for damages arising from decisions you make based on information made available to you through our services.
I hope you enjoyed my Bull Session. I’d love to hear your ideas on topics I can BS about, and guests who might want to come on the show and BS with me. Got a project you want to talk about? Let me know!
Vote in our Twitter poll: Have you heard of Decred?
Stalking Jake
CTN Matt’s exclusive interview with Jake Yocom-PiattFollow Jake on Twitter at @behindtext
Follow Decred on Twitter at @decredproject
Watch the Decred & Decred Privacy Presentation
And finally, bookmark the Decred blog
Bull Sessions on... is a video series can be found on our Crypto Trader News YouTube Channel
Disclaimer
Content provided by CryptoTraderNews is for informational purposes only, and should not be construed as legal, tax, investment, financial, or other advice. All information is of a general nature. As always, there is risk with any investment. In exchange for using our products and services, you agree not to hold CryptoTraderNews Pro, its affiliates, or any third party service provider liable for any possible claim for damages arising from decisions you make based on information made available to you through our services.
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