Zcoin is rebranding to Firo. The new identity will set this project apart from other cryptocurrencies. It’s one of the most exciting rebranding efforts in crypto. Keep reading to learn more!
If you followed Zcoin on social media or Telegram you must have seen the countdown images. During the past 8 days, the new logo was revealed to the world. The color changed from green to fiery red.
Like a phoenix rising from the ashes, Firo will emerge from rebranding stronger than Zcoin was before!
There are many reasons to do a rebrand, but one thing stands out: there was too much confusion between Zcoin with Zcash. Some people even thought Zcoin was a fork of Zcash, while Zcoin has been around longer! …
2020 is the start of a profound purification process. Many old structures and systems will prove to be unsustainable and will collapse. Sometimes this will happen on a small scale, sometimes on a larger scale. Only that which is truly pure has a chance to survive and thrive in the long run.
The current pandemic and economic downturn — the Corona crisis — creates the opportunity for us to purify our lives and overcome old obstacles. Those who prefer and stick to old ways will meet more and more friction and frustration, while new energy will flow freely and effortlessly.
As mentioned, we will witness a collapse of old structures and systems in 2020 and beyond. The Coronavirus is one of the signs that this purification process has started. …
A guide to test the Decred Lightning Network (dcrlnd) for beginners.
The Lightning Network (LN) was originally designed to make fast and cheap microtransactions on Bitcoin possible. The technology scales the transaction throughput of BTC to nearly infinite transactions per second since it’s a second layer solution. Fortunately the LN can be implemented on top of other blockchains as well. Decred is one of the first to do so.
This guide will show you how to use the LN on the Decred testnet. …
Decred is a community-driven cryptocurrency designed to deliver a truly decentralized, fair, and sovereign alternative to traditional money.
In the current system, a centralized authority such as a bank or government holds the power. With Decred, the community members own and operate the system, make the rules, and determine the direction of the project.
DCR is community money.
Everyone is invested and actively involved in helping Decred succeed.
The origin of Decred can be traced back to 2013, when an anonymous Bitcointalk user named ‘tacotime’ started a thread and published the whitepaper for Memcoin2 (MC2). Tacotime worked alongside ‘_ingsoc’, another anonymous user. …
Several people have questioned the name “Decred” in the last three years. Their reasoning: investors will only invest in digital currencies with catchy names, and since “de” has a negative connotation they may ignore Decred.
It seems that these people don’t understand what Decred really stands for. Decred is a blend word of “decentralized” and “credits”. But what exactly are “decentralized credits”? And why is it a great name for a digital currency? To find out, let’s dive into the history and future of money!
It is believed that money, as a store of value and medium of exchange, first emerged from the trade of animals and grain. This was followed by the arrival of commodity money during the Bronze Age, where commodities such as gold, silver, salt or shells were traded. …
A simple framework to analyze blockchain governance
Recent attention to blockchain governance has encouraged people to think about governance systems in more detail. This article explains the basics of blockchain governance and introduces a simple framework to compare the governance systems of different blockchain projects.
All blockchain projects are governed in one way or another. When humans make decisions as a collective they have a decision-making process, and that decision-making process is part of a project’s governance system.
There are different ways to analyze governance in the context of blockchains and digital currencies. The article “The Basics of Blockchain Governance” starts from the definition that each project has two forms of governance that occur in different arenas: on-chain and off-chain. …
As you may know, Decred is a decentralized project — its digital currency is available to everyone, anywhere, at any time. However, the project is not limited to the digital realm only.
In fact: the Decred community is expanding its global presence!
Here are some pictures from around the world. Enjoy 😎
From the 22th until the 26th of April, many young people visited the Decred booth at Talent Land in Guadalajara:
On the 24th and 25th of April, Decred community members were present at the IEEE Blockchain Summit in Rabat:
On the 30th of April, some Decred community members organized a crypto governance panel in…
Recent attention to blockchain governance has encouraged people to think about governance systems in more detail. This article will explain the basics of blockchain governance and propose a framework to compare the governance systems of different blockchain projects.
Here are two basic steps to start with:
The first step to understand blockchain governance, is to distinguish between two forms of governance: off-chain and on-chain.
The main difference between these two forms is whether governance processes are visible on the protocol level or not.
This post is a reaction to the essay “Unpacking Bitcoin’s Social Contract” by Hasu, which uses social contract theory to give readers a better understanding of what Bitcoin is. This text does the exact same for Decred.
Bitcoin is a novel social and economic institution. It is so different from our existing institutions that we should be skeptical and ask many hard, pressing questions before we can trust Bitcoin with any economic value.
Decred is an iteration of the Bitcoin protocol. Similar questions need to be asked before we can trust Decred with any economic value.
The text relies heavily on Hasu’s essay to explain social contract theory and how it can help us to better understand Bitcoin and Decred. Many sentences will reuse or re-purpose his words. You can read the original essay…
This post covers what happened in Decred in the month of March. It is the 12th issue of the Decred Journal and you can find the original post on GitHub. Past issues are available via this GitHub link.
March has seen some significant proposals and votes on the governance side, and solid progress on core software on the development side — a fairly typical month for Decred.
On Politeia, five proposals were published and two proposals finished voting (one accepted, one rejected). Among the new proposals submitted is a significant one from @moo31337 which outlines a path towards decentralized stakeholder control of Treasury spending. …