How to Last the Crypto Winter? Seek Simplicity, Manage Complexity
Decred's Jake Yocom-Piatt explains in this exclusive op-ed why he thinks information asymmetry is a key factor driving the manic buying and panic selling cycles in the crypto markets.
The Decred project was started in 2016 by Company 0 and launched its mainne soon after. It was led by Jake Yocom-Piatt and other software developers who previously contributed to btcsuite. It forked bitcoin to enable a hybrid consensus system combining Proof-of-Work (PoW) and Proof-of-Stake (PoS) into the novel Proof-of-Activity (PoA). The goal was to better organize the develop and decentralization of a cryptocurrency. 60% of block rewards goes to miners and 30% goes to stakeholders to allow for checks and balances. The final 10% is a subsidy to an autonomous treasury that disperses funding to projects based on voting through the blockchain.Blockchain 101
Bitcoin remains steady, with its 24-hour price in the $8,600-$8,800 range.
Truly decentralized governance needs to take input from all stakeholders, which requires strong personalities to share the podium.
Bitcoin prices have been on a roller-coaster ride since Sunday afternoon after the Federal Reserve slashed rates a full percentage point and promised to pump $700 billion into the U.S. economy. But now bitcoin volume is picking up.
Coinbase is looking at adding eight more tokens to its current lineup.
Staking is getting attention for all the wrong reasons, and it’s time to re-examine its role, argues Decred's Jake Yocom-Piatt.