Politeia in Production

Politeia in Production

Today, Decred’s proposal system, Politeia, goes into production on mainnet. This corresponds with the development organization ceding control over the accumulated project subsidy, which is roughly DCR 570,000, currently valued at approximately USD 23 million, to the Decred stakeholders. We have been working towards this milestone for roughly 18 months, so we are very excited to put Politeia into production. That said, it is important to understand that Politeia is a very powerful tool: it can enable all manner of positive developments for Decred, but if used unwisely, it can lead to a wide variety of problems. Politeia allows Decred users and stakeholders to propose, discuss, collaborate on, and fund new projects, initiatives, and …

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A New Kind of DEX

A New Kind of DEX

Decentralized exchange (“DEX”) is a concept that has received increasing attention in the cryptocurrency domain as a result of exchanges being hacked, used as exit scams or subjected to regulatory actions. Several cryptocurrency projects exist with the intention of replacing typical centralized virtual-only cryptocurrency exchanges with a token or a blockchain. We propose an alternative to existing decentralized exchanges with the following properties:

  • It facilitates exchange between only cryptocurrencies, not fiat currencies.
  • It is architected as a simple client and server, without a corresponding token or a blockchain.
  • Server operators never take custody of client funds.
  • It uses on-chain transactions for order fulfillment and rule …

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2018 Decred Roadmap

2018 Decred Roadmap

It is finally time for the 2018 Decred roadmap to be released. 2017 has been quite an eventful year for both Decred and the entire cryptocurrency domain, with exchange rates surging and a substantial increase in interest from the conventional finance sector. Decred has continued with its approach of generating deliverables before hyping them, despite many other projects in the space continuing to relentlessly hype their work far in advance of generating deliverables or focusing on exchange listings in lieu of doing any substantive work. We have substantially improved our marketing in the past several months and expect a strong uptrend to continue on this front throughout 2018. Here is a summary of what we have planned for the rest of …

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Cryptocurrency security: Spectre and Meltdown

Cryptocurrency security: Spectre and Meltdown

Recently Google disclosed a new class of vulnerabilities known as Spectre and Meltdown. Folks in the Decred community have been asking questions about the implications of these bugs for Decred. This post delineates implications of these exploits and possible countermeasures. These bugs are akin to traders issuing cancels without back pressure to manipulate the market.

TL;DR

Run your wallet on physical hardware you control and DON’T share with others and DO NOT run a web browser on the same machine. Hardware wallets do not seem to be affected by these bugs but great care should be taken where they are accessed.

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Politeia Platform Challenge

Politeia Platform Challenge

Decred’s Politeia, a proposal system that is part of Decred’s governance system, has a vast amount of potential uses. As such, Decred can only reasonably explore a few of these use cases on their own.

The Politeia Platform Challenge is a competition designed to discover alternate uses for the Politeia codebase. Competitors will use Politeia source code to address alternate use cases besides a public proposal system and then demonstrate how they work. Decred will choose the best of these on February 10th, 2018 at the Hyatt Regency in Austin, TX. The event starts at 8 PM CST, ends at 12 AM CST, and is free to attend. Drinks and food will be available for purchase.

Competitors are encouraged to work in teams but may work independently. …

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