Whilst many crypto projects are blindly and enthusiastically rushing towards mediocrity through the latest meme or number go up scheme. Decred is steadily dropping ballast to ascend to even greater heights. In a time of diminishing returns, it’s interesting to see how effortlessly projects relinquish their cypher punk principles to appeal to a populist market of fad seekers and institutional investment.
If you follow the current narrative, you’d be forgiven for thinking Bitcoin and Ethereum, among others, have finally found their place as digital instruments for the traditional financial sector. Efficiency, reliability, and decentralisation remain in name only.
Running project infrastructure, including fully validating nodes, is now unachievable for the majority. This is the first breaking point of decentralisation, which aids in the reversion to the mean “trust the third party”. When individuals can no longer validate transactions, they become reliant on middlemen to process transactions and hold their funds.
Decred remains on a path to shed the ballast of:
- Custodial services
- And rent seeking middlemen
Being able to adapt and evolve is fundamental to the development of a network. Decred is building products and services to weather all storms.
Take a look at the latest from Decred’s tech stack:
- DCRDATA – View on-chain data
- Politeia – Governance mechanism for upgrades and spending
- Decrediton – Decred’s desktop wallet
- Timestamply – Proof of existence service
- DCRDEX – Peer to peer exchange
- Bison Relay – Communication and social media platform