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- #Adaptability (subpage)
- ###There’s no Need to Fork Off
- The notion of change occurs with all systems, and is applicable for cryptocurrencies both in response to new technology and new threats. As real people are involved in the processes of change, disputes occur, and even with the same outcome in mind, approaches may differ. In order to evolve and endure in the long-term, Decred has engineered a means to continuously adapt. Whether an emergency, conflict, bug fix or new technology, Decred facilitates formal agreement, helps avoid contentious hard forks, and maintains a unified community during the process.
- ###Empowering the Currency Holders
- Decred empowers those who opt-in to the governance system with sovereignty
- over their money. In exchange for time-locking their coins, stakeholders acquire
- tickets that allow them to vote to approve blocks, make changes to the consensus rules, and to determine the policy and budget of the Decred decentralized autonomous organization (DAO).
- Stakeholders interact directly with the blockchain in two ways. The first is voting
- to approve each mined block, which gives stakeholders power over miners and adds security against majority attacks. Five tickets are pseudorandomly selected from the ticket pool to approve the previous block, ensuring good mining behavior and earning the ticket holder part of the block reward. Ticket holders also vote on-chain on changes to the consensus rules, giving stakeholders direct sovereignty over the future of Decred. This formal process builds cohesion and creates resistance to hard forks that could fracture the community.
- ###Politeia - The Proposal System
- The Politeia Proposal System plays a vital role within the Decred DAO, empowering stakeholders to manage Decredʼs treasury expenditures and policies. Proposals to date include new software features, marketing expenditures, partner integrations, bug bounty, and research. Politeia is a governance platform that uses timestamping and cryptographic attestation to record all activity related to the submission, discussion and voting of proposals. Once a proposal passes, the owner is authorized to begin work, knowing their efforts are supported by the community and financed by the Treasury.
- ###Direct Sovereignty
- Decred believes in the power of the collective intelligence of its decentralized community. It built-in formal governance systems from the beginning, enabling the Decred DAO to adapt and become a superior long term store of value.
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