One under-the-radar crypto asset suddenly outperformed the rest of the markets with a huge price rally after the project announced some updates.
Decred (DCR) is a community-directed, security-focused digital currency that aims to be compete against Bitcoin (BTC) as a long-term store of value.
Launched in 2016, Decred’s whitepaper says it is engineered to prevent powerful individuals or central planning committees from gaining a disproportionate influence over the future of the project.
Its blockchain combines both proof-of-work and proof-of-stake consensus models and appropriates portions of block rewards to miners, proof-of-stake voters and fund development.
The Bitcoin alternative has its own constitution that outlines Decred’s principles, blockchain governance and project governance.
Jake Yocom-Piatt, project lead at Decred, announced via Twitter that he had presented a new community proposal to change the project’s website and messaging.
While it’s unclear whether or not there...
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