Note: You can read this on GitHub, Medium or old Reddit to see the 207 links. submitted by
The biggest announcement of the month was the new kind of decentralized exchange proposed
by @jy-p of Company 0. The Community Discussions section considers the stakeholders' response.
dcrd: Peer management and connectivity improvements. Some work for improved sighash algo
. A new optimization
that gives 3-4x faster serving of headers, which is great for SPV. This was another step towards multipeer parallel downloads – check this issue
for a clear overview of progress and planned work for next months (and some engineering delight). As usual, codebase cleanup, improvements to error handling, test infrastructure and test coverage.
Decrediton: work towards watching only wallets, lots of bugfixes and visual design improvements. Preliminary work to integrate SPV has begun.
Politeia is live on testnet! Useful links: announcement
, command line voting example
, example proposal
with some votes, mini-guide
how to compose a proposal.
Trezor: Decred appeared in the firmware update
and on Trezor website
, currently for testnet only. Next steps are mainnet support and integration in wallets. For the progress of Decrediton support you can track this meta issue
dcrdata: Continued work on Insight API support, see this meta issue
for progress overview. It is important for integrations due to its popularity. Ongoing work to add charts. A big database change to improve sorting on the Address page was merged
and bumped version to 3.0. Work to visualize agenda voting continues
Ticket splitting: 11-way ticket split from last month has voted
Ethereum support in atomicswap is progressing
and welcomes more eyeballs.
decred.org: revamped Press page
with dozens of added articles, and a shiny new Roadmap page
: a new Decred dashboard by lte13. Reddit announcement here
Dev activity stats for June: 245 active PRs, 184 master commits, 25,973 added and 13,575 deleted lines spread across 8 repositories. Contributions came from 2 to 10 developers per repository. (chart
Hashrate: growth continues, the month started at 15 and ended at 44 PH/s with some wild 30% swings on the way. The peak was 53.9 PH/s.
F2Pool was the leader varying between 36% and 59% hashrate, followed by coinmine.pl holding between 18% and 29%. In response to concerns about its hashrate share, F2Pool made a statement
that they will consider measures like rising the fees to prevent growing to 51%.
Staking: 30-day average ticket price is 94.7 DCR (+3.4). The price was steadily rising from 90.7 to 95.8 peaking at 98.1. Locked DCR grew from 3.68 to 3.81 million DCR, the highest value was 3.83 million corresponding to 47.87% of supply (+0.7% from previous peak).
Nodes: there are 240 public listening and 115 normal nodes per dcred.eu
. Version distribution: 57% on v1.2.0 (+12%), 25% on v1.1.2 (-13%), 14% on v1.1.0 (-1%). Note: the reported count of non-listening nodes has dropped significantly due to data reset at decred.eu. It will take some time before the crawler collects more data. On top of that, there is no way to exactly count non-listening nodes. To illustrate, an alternative data source, charts.dcr.farm showed
690 reachable nodes on Jul 1.
Extraordinary event: 247361
were two nearly full blocks. Normally blocks are 10-20 KiB, but these blocks were 374 KiB (max is 384 KiB).
from Obelisk: shipping is expected in first half of July and there is non-zero chance to meet hashrate target.
Another Chinese ASIC spotted
on the web: Flying Fish D18 with 340 GH/s at 180 W costing 2,200 CNY (~340 USD). (asicok.com
, also on asicminervalue
dcrASIC team posted
a farewell letter. Despite having an awesome 16 nm chip design, they decided to stop the project citing the saturated mining ecosystem and low profitability for their potential customers.
is a new mining pool spotted
- Huobi Pro added DCBTC and DCETH pairs.
- OKEx gradually rolled out trading DCR to BTC, ETH, USDT and OKB and added a page for Decred (note a bunch of N/As for ICO-related stats).
- Singapore-based DragonEx announced a DCETH pair.
- Netherlands-based Bitvavo recently added EUR to DCR conversion
- OOOBTC announced DCUSDT pair.
- Changenow announced the option to buy DCR with fiat.
Two OTC trading desks are now shown on decred.org exchanges
payment gateway added Decred and posted
Guarda Wallet integrated Decred. Currently only in their web wallet, but more may come in future. Notable feature is "DCR purchase with a bank card". See more details in their post
or ask their representative on Reddit
. Important: do your best to understand the security model before using any wallet software.
- NeverFiat marketplace now accepts Decred. Notably it utilizes GloBee and recently announced Lightning support for Bitcoin.
- Crypto and Tech Gear integrated Decred and has a branded mouse pad for sale, as well as other merch.
- TokenPride: "We are seeking feedback on the general setup of our payment processor. We have tried to make it simple and user friendly. 10% of all purchases made in Decred will be donated to the Decred Development fund - and we will be releasing original Decred designs in the future".
BlueYard Capital announced
investment in Decred and the intent to be long term supporters
and to actively participate in the network's governance. In an overview post
they stressed core values of the project:
There are a few other remarkable characteristics that are a testament to the DNA of the team behind Decred: there was no sale of DCR to investors, no venture funding, and no payment to exchanges to be listed – underscoring that the Decred team and contributors are all about doing the right thing for long term (as manifested in their constitution for the project).
The most encouraging thing we can see is both the quality and quantity of high calibre developers flocking to the project, in addition to a vibrant community attaching their identity to the project.
The company will be hosting an event in Berlin, see Events below.
Arbitrade is now mining
- Meetup in Belo Horizonte, Brazil.
- Meetup in Rio de Janeiro, Brazil. (photo)
- Campus Party in Brasilia, Brazil. @girino, @Rhama and @matheusd talked about Decred. Matheus was interviewed by a TV channel. Check this quick report about the event, click "Show newer" to continue reading. (photos: 1 2 3)
- Blockchain Connect Conference in Silicon Valley, USA. (photo)
- Zcon0 in Montreal, Canada. @jz represented Decred.
- Blockchain Summit in London, UK. This was not a full blown presence with stand but rather investigation of opportunities by @kyle and @Ani. The resulting detailed report is a good example of a document advising to stakeholders whether it is worth spending project funds.
- Meetup in Berlin, Germany on July 18. @jz will give a talk and Q&A about Decred and chat with Ele from @oscoin about incentivizing developers. Hosted by BlueYard Capital.
- O'Reilly Open Source Convention in Portland, USA on July 18-19. People wishing to attend this developer focused event can use Decred25 discount code when registering to save 25%. For any questions join #event_planning and contact @Jesiki, she can also invite you to any gatherings in the area.
: a new website by @mm:
Hey guys! I'd like to share with you my latest adventure: Stakey Club, hosted at stakey.club, is a website dedicated to Decred. I posted a few articles in Brazilian Portuguese and in English. I also translated to Portuguese some posts from the Decred Blog. I hope you like it! (slack) @morphymore
translated Placeholder's Decred Investment Thesis
and Richard Red's write-up on Politeia
to Chinese, while @DZ translated Decred Roadmap 2018 to Italian
, and A New Kind of DEX to Italian
Second iteration of Chinese ratings released
. Compared to the first issue
, Decred dropped from 26 to 29 while Bitcoin fell from 13 to 17. We (the authors) restrain ourselves commenting on this one.
Community stats: Twitter followers 40,209 (+1,091), Reddit subscribers 8,410 (+243), Slack users 5,830 (+172), GitHub 392 stars and 918 forks of dcrd repository.
An update on our communication systems:
- Matrix chat logs are now viewable on the web with the exception of some channels that are not bridged. The new web logs means our chats are now fully public and indexed by search engines.
- Slack had an outage on Jun 27 that disturbed communications for a few hours, discussions continued on Decred's bridged platforms.
Jake Yocom-Piatt did an AMA on CryptoTechnology
, a forum for serious crypto tech discussion. Some topics covered were Decred attack cost and resistance, voting policies, smart contracts, SPV security, DAO and DPoS. A new kind of DEX
was the subject of an extensive discussion in #general
channels as well as Reddit
. New channel #thedex
was created and attracted more than 100 people.
A frequent and fair question is how the DEX would benefit Decred. @lukebp has put it well:
Projects like these help Decred attract talent. Typically, the people that are the best at what they do aren’t driven solely by money. They want to work on interesting projects that they believe in with other talented individuals. Launching a DEX that has no trading fees, no requirement to buy a 3rd party token (including Decred), and that cuts out all middlemen is a clear demonstration of the ethos that Decred was founded on. It helps us get our name out there and attract the type of people that believe in the same mission that we do. (slack)
Another concern that it will slow down other projects was addressed by @davecgh:
The intent is for an external team to take up the mantle and build it, so it won't have any bearing on the current c0 roadmap. The important thing to keep in mind is that the goal of Decred is to have a bunch of independent teams on working on different things. (slack)
about Decred fork resistance started on Twitter and continued in #trading
. Community members continue to discuss the finer points of Decred's hybrid system, bringing new users up to speed and answering their questions. The key takeaway from this chat is that the Decred chain is impossible to advance without votes, and to get around that the forker needs to change the protocol in a way that would make it clearly not Decred.
"Against community governance" article
was discussed on Reddit
"The Downside of Democracy (and What it Means for Blockchain Governance)" was another article
arguing against on-chain governance, discussed here
Reddit recap: mining rig shops discussion
; how centralized
is Politeia; controversial debate
on photos of models that yielded useful discussion on our marketing approach; analysis
of a drop in number of transactions; concerns
regarding project bus factor
, removing central authorities, advertising and full node count – received detailed responses; an argument
by insette for maximizing aggregate tx fees; coordinating
network upgrades; a new "Why Decred?" thread
; a question
about quantum resistance with a detailed answer and a recap of current status of quantum resistant algorithms.
Chats recap: Programmatic Proof-of-Work (ProgPoW) discussion
; possible hashrate
of Blake-256 miners is at least ~30% higher than SHA-256d; how Decred is not vulnerable
to SPV leaf/node attack.
DCR opened the month at ~$93, reached monthly high of $110, gradually dropped to the low of $58 and closed at $67. In BTC terms it was 0.0125 -> 0.0150 -> 0.0098 -> 0.0105. The downturn coincided with a global decline across the whole crypto market.
In the middle of the month Decred was noticed
to be #1 in onchainfx
"% down from ATH" chart and on this
chart by @CoinzTrader. Towards the end of the month it dropped to #3.
Launchpad service. The idea
is to work with coin developers to design a custom, ASIC-friendly PoW algorithm together with a first batch of ASICs and distribute them among the community.
Equihash-based ZenCash was hit
by a double spend attack that led to a loss of $450,000 by the exchange which was targeted.
Almost one year after collecting funds, Tezos announced
A hacker broke into
Syscoin's GitHub account and implanted malware stealing passwords and private keys into Windows binaries. This is a painful reminder for everybody to verify binaries
new asset listing framework for Poloniex. Relevant to recent discussions of exchange listing bribery:
Please note: we will not accept any kind of payment to list an asset.
Bithumb got hacked
with a $30 m loss.
Zcash organized Zcon0, an event in Canada that focused on privacy tech and governance. An interesting insight
from Keynote Panel on governance: "There is no such thing as on-chain governance".
Microsoft acquired GitHub. There was some debate about whether it is a reason to look into alternative solutions like GitLab right now. It is always a good idea to have a local copy of Decred source code
, just in case.
Status update from @sumiflow on correcting DCR supply on various sites:
To begin with, none of the below sites were showing the correct supply or market cap for Decred but we've made some progress. coingecko.com, coinlib.io, cryptocompare.com, livecoinwatch.com, worldcoinindex.com - corrected! cryptoindex.co, onchainfx.com - awaiting fix coinmarketcap.com - refused to fix because devs have coins too? (slack)
About This Issue
This is the third issue of Decred Journal after April
Most information from third parties is relayed directly from source after a minimal sanity check. The authors of Decred Journal have no ability to verify all claims. Please beware of scams and do your own research.
The new public Matrix logs
look promising and we hope to transition from Slack links to Matrix links. In the meantime, the way to read Slack links is explained
in the previous issue.
As usual, any feedback is appreciated: please comment on Reddit
. Contributions are welcome too, anything from initial collection to final review to translations.
Credits (Slack names, alphabetical order): bee and Richard-Red. Special thanks to @Haon for bringing May 2018 issue to medium
Note: you can read this on GitHub (link), Medium (link) or old Reddit (link). submitted by
Final version 1.3.0 of the core software was released bringing all the enhancements reported last month
to the rest of the community. The groundwork for SPV (simplified payment verification) is complete, another reduction of fees is being deployed, and performance stepped up once again with a 50% reduction in startup time, 20% increased sync speed and more than 3x faster peer delivery of block headers (a key update for SPV). Decrediton's integrations of SPV and Politeia are open for testing by experienced users. Read the full release notes and get the downloads on GitHub
. As always, don't forget to verify signatures. dcrd
: completed several steps towards multipeer downloads
introduction to the software in the main README
, continued porting cleanups and refactoring from upstream btcd
Currently in review are initial release
of smart fee estimator
and a change to UTXO set semantics
. The latter is a large and important change that provides simpler handling, and resolves various issues with the previous approach. A lot of testing and careful review is needed so help is welcome.
Educational series for new Decred developers by @matheusd added two episodes: 02 Simnet Setup
shows how to automate simnet management with tmux and 03 Miner Reward Invalidation
explains block validity rules.
Finally, a pull request template
with a list of checks was added to help guide the contributors to dcrd. dcrwallet
: bugfixes and RPC improvements to support desktop and mobile wallets.
Developers are welcome to comment on this idea
to derive stakepool keys from the HD wallet seed. This would eliminate the need to backup and restore redeem scripts, thus greatly improving wallet UX. (missed in July issue
: bugfixes, refactoring to make the sync process more robust, new loading animations
, design polishing. Politeia
: multiple improvements
to the CLI client (security conscious users with more funds at risk might prefer CLI) and security hardening. A feature
to deprecate or timeout proposals was identified as necessary for initial release and the work started. A privacy enhancement
to not leak metadata of ticket holders was merged
: update from @collins: "Second test release for dcrandroid is out. Major bugs have been fixed since last test. Latest code from SPV sync has been integrated. Once again, bug reports are welcome and issues can be opened on GitHub
". Ask in #dev room for the APK to join testing.
A new security page was added that allows one to validate addresses and to sign/verify messages, similar to Decrediton's Security Center. Work on translations is beginning.
Overall the app is quite stable and accepting more testers. Next milestone is getting the test app on the app store. iOS
: the app started accepting testers last week. @macsleven: "the test version of Decred Wallet for iOS is available, we have a link for installing the app but the builds currently require your UDID. Contact either @macsleven or @raedah with your UDID if you would like to help test.".
Nearest goal is to make the app crash free.
Both mobile apps received new design themes. dcrdata
: v3.0 was released for mainnet! Highlights: charts
, "merged debits" view, agendas
page, Insight API support, side chain tracking, Go 1.11 support with module builds, numerous backend improvements. Full release notes here
. This release featured 9 contributors
and development lead @chappjc noted
: "This collaboration with @raedahgroup on our own block explorer and web API for @decredproject has been super productive.".
Up next is supporting dynamic page widths site wide and deploying new visual blocks home page
Trezor: proof of concept implementation for Trezor Model T firmware is in the works
(previous work was for Model One). Ticket splitting
: updated to use Go modules and added simnet support, several fixes. docs
: beginner's guide overhaul
, multiple fixes and cleanups. decred.org
: added 3rd party wallets, removed inactive PoW pools and removed web wallet.
@Richard-Red is building a curated list
of Decred-related GitHub repositories.
Welcome to new people contributing for the first time: @klebe, @s_ben, @victorguedes, and PrimeDominus!
Dev activity stats for September: 219 active PRs, 197 commits, 28.7k added and 18.8k deleted lines spread across 6 repositories. Contributions came from 4-10 developers per repository. (chart
Hashrate: started and ended the month around 75 PH/s, hitting a low of 60.5 and a new high of 110 PH/s. BeePool is again the leader with their share varying between 23-54%, followed by F2Pool 13-30%, Coinmine 4-6% and Luxor 3-5%. As in previous months, there were multiple spikes of unidentified hashrate.
Staking: 30-day average ticket price is 98 DCR (+2.4). The price varied between 95.7 and 101.9 DCR. Locked DCR amount was 3.86-3.96 million DCR, or 45.7-46.5% of the supply.
Nodes: there are 201 public listening nodes and 325 normal nodes per dcred.eu
. Version distribution: 5% are v1.4.0(pre) dev builds (+3%), 30% on v1.3.0 (+25%), 42% on v1.2.0 (-20%), 15% on v1.1.2 (-7%), 6% on v1.1.0. More than 76% of nodes run v1.2.0 and higher and therefore support client filters. Data as of Oct 1.
Obelisk posted two updates on their mailing list
. 70% of Batch 1 units are shipped, an extensive user guide
is available, Obelisk Scanner application was released that allows one to automatically update firmware
. First firmware update was released and bumped SC1 hashrate by 10-20%, added new pools and fixed multiple bugs. Next update will focus on DCR1. It is worth a special mention that the firmware source code is now open
! Let us hope more manufacturers will follow this example.
A few details about Whatsminer surfaced
this month. The manufacturer is MicroBT, also known as Bitwei and commonly misspelled as Bitewei. Pangolinminer
is a reseller, and the model name is Whatsminer D1
Bitmain has finally entered
Decred ASIC space with their Antminer DR3
. Hash rate is 7.8 TH/s while pulling 1410 W, at the price of $673. These specs mean it has the best GH/W and GH/USD of currently sold miners until the Whatsminer or others come out, although its GH/USD of 11.6 already competes with Whatsminer's 10.5. Discussed on Reddit
, unboxing video here
Meet our 17th voting service provider: decredvoting.com
. It is operated by @david
, has 2% fee and supports ticket splitting
. Reddit thread is here
For a historical note, the first VSP to support ticket splitting was decredbrasil.com
@matheusd started tests on testnet several months ago. I contacted him so we could integrate with the pool in June this year. We set up the machine in July and bought the first split ticket on mainnet, using the decredbrasil pool, on July 19. It was voted on July 30. After this first vote on mainnet, we opened the tests to selected users (with more technical background) on the pool. In August we opened the tests to everyone, and would call people who want to join to the #ticket_splitting channel, or to our own Slack (in Portuguese, so mostly Brazilian users). We have 28 split tickets already voted, and 16 are live. So little more than 40 split tickets total were bought on decredbrasil pool. (@girino in #pos-voting) KuCoin
DCBTC and DCETH pairs. To celebrate their anniversary they had a 99% trading fees discount
on DCR pairs for 2 weeks.
Three more wallets integrated Decred in September:
- Atomic desktop wallet added Decred in version 0.1.31. The team answered many questions on Reddit.
- AnyBit wallet added Decred. It features built-in price and news tracking. Notably, the source code is open for their Android and iOS wallets.
- Cobo added Decred support into their Android and iOS wallets.
Decred addition to their Android app that allows accountless swaps between 150+ assets.
informational asset pages
for top 50 coins by market cap, including Decred. First the pages started showing
in the Coinbase app for a small group of testers, and later the web price dashboard
The birth of a Brazilian girl was registered on the Decred blockchain using OriginalMy, a blockchain proof of authenticity services provider. Read the full story in Portuguese
and in English
Advertising report for September is ready
. Next month the graphics for all the ads will be changing.
Marketing might seem quiet right now, but a ton is actually going on behind the scenes to put the right foundation in place for the future. Discovery data are being analyzed to generate a positioning strategy, as well as a messaging hierarchy that can guide how to talk about Decred. This will all be agreed upon via consensus of the community in the work channels, and materials will be distributed.
Next, work is being done to identify the right PR partner to help with media relations, media training, and coordination at events. While all of this is coming up to speed, we believe the website needs a refresher reflecting the soon to be agreed upon messaging, plus a more intuitive architecture to make it easier to navigate. (@Dustorf)
- Raedah Group went on the streets of Portland, USA with a pretty blue tent. (photos)
- Manual Blockchain in Sao Palo, Brazil.
- CryptoFacil Summit in Rio de Janeiro, Brazil. (photos)
- Meetup at Binzantin Cafe in Taipei, Taiwan. @morphymore: "There were 20-ish attendees, and about half of them have joined the Chinese FB group. Most of them don't hear about Decred before, but have expressed the interest in learning more about it after the event. Overall, it's a good exposure for Decred in the Taiwan community.". A report with photos was posted on Facebook, more photos are here and here.
- @joshuam made a Decred Jacket appearance at Singapore Grand Prix. (photos)
- NewTech PDX meetup in Portland, USA. Raedah Group presented Decred and reported "lots of new converts". (photos)
- North Shore Bitcoin & Blockchain in Glenview, USA. @dustorf gave a five minute overview of Decred and noted: "There were only about 25 people, but about 1/3 of them were aware of Decred prior. (...) Our simple presence and explanation of the project moved opinion from 'another shitcoin they sold after mining' to 'an interesting and viable project worthy of further investigation'.". (photos: 1 2)
- Ethfinex Governance Summit in Lugano, Switzerland. @Haon attended the event and posted a report on decred, in addition this and this Twitter threads. (video)
- Bitcoin Meetup CDMX in Mexico City on Oct 6. @elian will be talking about Decred at the oldest Bitcoin meetup in Mexico.
- SF Blockchain Week in San Francisco, USA on Oct 9. @lukebp will discuss DPoS vs PoS on a panel 9:30a-10:15a at the Titans of Tech Stage, Hilton Union Square.
- Decred Meetup in Casablanca, Morocco on Oct 27. @butterfly will host the event and talk about Decred in French.
- Texas Bitcoin Conference Austin, USA on Oct 27-28. @BAB: "The great thing about this is that it will also be a Decred Summit. We will have half of the conference dedicated to Decred topics, updates, etc."
- Websummit in Lisbon, Portugal on Nov 5-8. @moo31337 will be on a panel discussing "2018: A Rollercoaster Year for Cryptocurrencies"
We'll begin shortly reviewing conferences and events planned for the first half of 2019. Highlights are sure to include The North American Bitcoin Conference in Miami (Jan 16-18) and Consensus in NYC (May 14-16). If you have suggestions of events or conferences Decred should attend, please share them in #event_planning. In 2019, we would like to expand our presence in Europe, Asia, and South America, and we're looking for community members to help identify and staff those events. (@Dustorf)
August issue of Decred Journal was translated to Russian
. Many thanks to @DZ!
Rency cryptocurrency ratings published a report
on Decred and incorporated a lot of feedback from the community on Reddit
September issue of Chinese CCID ratings was published
), Decred is still at the bottom.
- The underbelly of blockchain Governance - fiat licensing and our code with Marco Peerboom and Chris DeRose (youtube, tweet, decred, missed in August issue)
Insightful dialogue about men's underwear, licenses, subtleties of GPL, BSD wars, tiling window managers and much more.
- Introduction to Decred (Korean, youtube)
@Killawhale collected a lot of feedback from the community and produced this video to spread the word in Korea.
- Perspectives on Governance from Nathan Wilcox, Jonathan Zeppettini, Vitalik Buterin (z.cash)
- Decred - an example of governance (Portuguese, youtube)
- Decred, the crypto that wants to compete with Bitcoin (French, youtube)
- Exodus.io Live with Marco from Decred! (youtube)
Marco joins Exodus.io to discuss what makes DCR an asset that will stand the test of time.
- Building Decred With Systems Development Lead Marco Peereboom - Governance, Politeia, Lightning (youtube)
Topics: early days, Politeia, the structure of Decred, dcrtime, Lightning Network, attracting users and developers, future plans (DEX, Schnorr signatures, privacy, DAEs).
- Decentralized autonomous funding of blockchain projects by @Richard-Red (medium, discussion on decred and dashpay)
- How to obtain Decred? by @mm (stakey.club, also in Portuguese)
- Digital certificates for RPC connections by @mm (stakey.club, also in Portuguese)
- An overview of the Politeia system architecture by @fernandoabolafio (medium)
- One of Investors' Favorite Governance Blockchains Is Handing Over $20 Million by Brady Dale (coindesk.com, discussion on decred)
- What is Decred? (qoinbook.com)
- Decred Cryptocurrency Gives Analysis of Dash (dashforcenews.com, ed: Good job, Decred Cryptocurrency!)
- Decred Price Analysis: Alterations to blockchain governance (bravenewcoin.com, snapshot for non-js readers)
- Decred: A Different Kind of Hybrid (cryptodetail.com)
- Decred Gets Listed on KuCoin as Asset Nears 4-Month Lows (cryptovest.com)
- From PoS to dBFT: A Brief Review of Consensus Protocols (cointelegraph.com, tweet, ed: Decred is mistakenly categorized as pure PoS)
- What is Decred? (Spanish, hardwareate.com)
- Decred Technical Analysis: Breakout Possible, but Which Way Will it Go? (cryptovest.com)
- What is Decred and is it a Credible Blockchain Project? (blockchainreporter.net)
- Governing Decentralization: How On-Chain Voting Protocols Operate and Vary (cointelegraph.com, Spanish version here)
- Decred: A virtual currency with a hybrid approval system combining PoW and PoS (Japanese, cryptocurrency.theater, ed: excellent domain name)
- What is Blockchain Governance? Complete Beginner's Guide (blockonomi.com, discussion on decred)
- Antminer DR3 - Bitmain's Next Target Is Decred (cryptodisrupt.com)
- Q4 2018 Bitcoin Mining Projections (theminersunion.com, snapshot for non-js readers)
- What is Decred? (cryptofinance24.com)
- Twitter followers 39,784 (+192)
- Reddit subscribers 8,784 (+153)
- Matrix users 187 (+24)
- Slack users 6,149 (+82)
- YouTube subscribers 3,718 (+51)
- Facebook 3,060 (+12) followers and 2,826 (+12) likes
- GitHub 419 (+2) stars and 1,073 (+52) forks of dcrd repository
Comm systems news: Several work channels were migrated to Matrix, #writers_room is finally bridged.
- Blockchains are not companies by Dean Eigenmann discussed in #governance
- How the DEX could benefit Decred:
The trouble with infrastructure, "thin" protocols in particular, is that someone has to build them at a cost. e.g. LN takes a ton of work, doesn't necessarily generate value itself, but it magnifies the value of BTC or whatever coin that uses it. I see the DEX in a similar light - whoever creates it is not going to make a bunch of money from it, but it will magnify the value of the underlying asset(s) that end up having a deep order book on the DEX. (@jy-p in #dex)
decentralized governance and funding are necessary for network survival and the power of controlling the narrative; learning
about governance more broadly by watching its evolution in cryptocurrency space, importance of community consensus and communications infrastructure.
Reddit: yet another strong pitch
by @solar; question
about buyer protections; dcrtime
internals; a proposal
to sponsor hoodies in the University of Cape Town; Lightning Network support
to operate a stakepool; voting details
: 2 of 3 votes can approve a block, what votes really approve are regular tx, etc; scriptless script atomic swaps
using Schnorr adaptor signatures; dev dashboard
, choosing work, people do best when working on what interests them most; opportunities
for governments and enterprise for anchoring legal data to blockchain; terminology
: DAO vs DAE; human-friendly payments
, sharing xpub vs payment protocols; funding
btcsuite development; Politeia vote types
: approval vote, sentiment vote and a defund vote, also linking proposals and financial statements; algo trading
and programming languages (yes, on #trading!); alternative implementation
, C/C++/Go/Rust; HFTs
, algo trading, fake volume and slippage; offline wallets
, usb/write-only media/optical scanners vs auditing traffic between dcrd and dcrwallet; Proof of Activity
did not inspire Decred but spurred Decred to get moving, Wikipedia page hurdles; how
stakeholders could veto blocks; how many
votes are needed to approve a proposal; why
Decrediton uses Electron; CVE-2018-17144
and over-dependence on single Bitcoin implementation, btcsuite, fuzz testing; tracking proposal progress
after voting and funding; why
the wallet does not store the seed at all; power connectors, electricity, wiring and fire safety
; reasonable spendings
from project fund; ways
to measure sync progress better than block height; using Politeia
without email address; concurrency in Go
, locks vs channels. #support
is not often mentioned, but it must be noted that every day
on this channel people get high quality support. (@bee: To my surprise, even those poor souls running Windows 10. My greatest respect to the support team!)
In September DCR was trading in the range of USD 34-45 / BTC 0.0054-0.0063. On Sep 6, DCR revisited the bottom of USD 34 / BTC 0.0054 when BTC quickly dropped from USD 7,300 to 6,400. On Sep 14, a small price rise coincided with both the start of KuCoin trading and hashrate spike to 104 PH/s. Looking at coinmarketcap
charts, the trading volume is a bit lower than in July and August.
As of Oct 4, Decred is #18 by the number of daily transactions with 3,200 tx, and #9 by the USD value of daily issuance with $230k. (source: onchainfx
: while we sit at 2018 price lows the amount locked in tickets is testing 2018 high.
ASIC for Lyra2REv2 was spotted
on the web. Vertcoin team is preparing a new PoW algorithm. This would be the 3rd fork after two previous forks
to change the algorithm in 2014 and 2015.
A report titled The Positive Externalities of Bitcoin Mining
discusses the benefits of PoW mining that are often overlooked by the critics of its energy use. A Brief Study of Cryptonetwork Forks
by Alex Evans of Placeholder studies the behavior of users, developers and miners after the fork, and makes the cases that it is hard for child chains to attract users and developers from their parent chains.
New research on private atomic swaps: the paper "Anonymous Atomic Swaps Using Homomorphic Hashing" attempts to break the public link between two transactions. (bitcointalk
On Sep 18 Poloniex announced
delisting of 8 more assets. That day they took a 12-80% dive showing their dependence on this one exchange.
USDC markets on Poloniex: "USDC is a fully collateralized US dollar stablecoin using the ERC-20 standard that provides detailed financial and operational transparency, operates within the regulated framework of US money transmission laws, and is reinforced by established banking partners and auditors.".
new asset listing process and is accepting submissions on their listing portal
The New York State Office of the Attorney General posted a study
of 13 exchanges that contains many insights.
A critical vulnerability
was discovered and fixed
in Bitcoin Core. Few days later a full disclosure
was posted revealing the severity of the bug. In a bitcointalk thread
btcd was called 'amateur' despite not being vulnerable, and some Core developers voiced their concerns about multiple implementations. The Bitcoin Unlimited developer who found the bug shared his perspective in a blog post
. Decred's vision so far is that more full node implementations is a strength, just like for any Internet protocol.
About This Issue
This is the 6th issue of Decred Journal. It is mirrored on GitHub
. Past issues are available here
Most information from third parties is relayed directly from source after a minimal sanity check. The authors of Decred Journal have no ability to verify all claims. Please beware of scams and do your own research.
Feedback is appreciated: please comment on Reddit
or #writers_room on Matrix
Contributions are also welcome: some areas are adding content, pre-release review or translations to other languages.
Credits (Slack names, alphabetical order): bee, Dustorf, jz, Haon, oregonisaac, raedah and Richard-Red.
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