January 24, 2022
[Chicago, IL, January 24, 2022] Decred (DCR), a digital currency that emphasizes security and adaptability, has added post-quantum secure mixing to Stakeshuffle, its opt-in privacy system. The release of Decred v1.7 provides robust protection for privacy of mixed coins against quantum computers - an industry first.
Decred v1.7 also includes four consensus votes, the most notable being the vote to modify the block reward split between Proof-of-Work, Proof-of-Stake, and Treasury from 60/30/10 to 10/80/10, substantially reducing subsidy paid to miners.
Funding for the shift was approved by stakeholders on the project’s off-chain proposal system, Politeia, last month. The proposal to change the block reward distribution was presented to stakeholders by Decred’s Co-Founder Jake Yocom-Piatt, referencing on-chain data, which showed ongoing price suppression funded by mined coins in Decred markets.
“Changing the subsidy split is a major change, but I would not propose such a change if I did not see it as absolutely vital for the project,” said Jake Yocom-Piatt, Co-Founder and Project Lead of Decred. The code for the change has been completed and documented and is ready for stakeholders to vote on in v1.7.
Another feature of v1.7 is the integration of a simple payment verification (SPV) Bitcoin wallet into DCRDEX, Decred’s decentralized exchange. This major upgrade allows users to transact securely without downloading a Bitcoin wallet and the entire Bitcoin blockchain and makes the exchange - the first of its kind with no platform trading fees - more widely accessible.
“Decred v1.7 contains several new technological innovations in governance, security and privacy,” added Yocom-Piatt. “The project continues to demonstrate its ability to evolve and adapt with the will of its stakeholders and improve the security of their coins and their privacy.”
Decred is Money Evolved. By combining battle tested Proof-of-Work with an innovative take on Proof-of-Stake that places coin holders in charge of shaping the future, Decred is able to adapt to challenges and innovate at a rapid pace. You acquire influence in Decred by putting “skin in the game”. Decred’s security, privacy, scalability, and decentralized treasury empower stakeholders and provides them with the tools needed to enhance their financial sovereignty.