Decred and Dash are two digital currencies that seem similar on the surface. Both are focused on blockchain governance and both have used Bitcoin’s code to create hybrid consensus systems. So, how are they different?
This article describes some fundamental differences between these two well known projects with references to trustworthy information sources.
Historical perspective and launch
Announcement of the project
- Dash: XCoin in January 2014 (1)
rebranded in March 2015 (2)
- Decred: Memcoin2 in April 2013 (3)
announced in December 2015 (4)
Initial distribution of coins
Details of the PoW and PoS components
Aspects of how the projects are governed
- Dash: superblocks; allocation via on-chain budget votes (15)
- Decred: treasury address; allocation via off-chain proposal votes (16)
Who makes protocol upgrades?
While there are certainly similarities between Decred and Dash, this article has shown that the two projects are very different.
If you want to add more fundamental differences or correct information in this article, you are welcome to open a pull request via GitHub.