A few scenarios were considered for this analysis, being the most feared of them the ‘majority attack’, also called ‘51% hashpower attack’, when a powerful and wealthy adversary is able to acquire the same processing capacity, or decision power, as the honest nodes.
After December 2017 the cryptoasset markets sustained a severe devaluation in face of fiat currencies. Because cryptoassets have different characteristics (affinity demand, scarcity, issuance rules, governance model, hashpower security, technology, development activity and expectations)
Blockchain security is paramount to implement good governance otherwise stakeholders’ decisions could be reverted. A secure protocol depends on adequate blockchain architecture, secure hashing functions and cryptographic primitives, transparency, privacy and decision-making mechanisms.
Decred is an open, progressive, and self-funding cryptocurrency with a system of community-based governance integrated into its blockchain. Decred is bound by a set of rules, which include guiding principles
Blockchain architectures can be categorised regarding the openness of transaction validation (validate/commit) and the openness of participation (read/write) in the transactions (European Commission, 2019).
In the last decades researchers have been trying to digitally replicate the use and exchange values1 of money, as well as its currency properties: fungibility, scarcity, divisibility, transferability and durability (Menger, 2009).
The Chancellor will decide within weeks whether to pump billions more into the economy as evidence mounts that the £37 billion part-nationalisation last year has failed to keep credit flowing - This is why I Decred