Home Finance News Crowdfunding Ideas Rocking Decred (DCR) DAO Decentralized Exchange

Crowdfunding Ideas Rocking Decred (DCR) DAO Decentralized Exchange

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DAOs are the next frontier in crowd funding. Crowd funding with voting rights will be a killer feature of the Decred DAO.

Crowdfunding is now set to go beyond the capital formation stage, by bringing decision making rights online. The voting rights in decentralized organizations need new digital infrastructure to enable both capital formation and capital allocation.  Much like the Ethereum platform was used to enable ICOs, tools built by the Decred DAO will be used to combine crowdfunding and voting rights.

For clarity, “The practice of funding a project or venture by raising money from a large number of people who each contribute a relatively small amount, typically via the internet.

Loan-based crowd funding means that investors get their money back, usually with interest. And with investment-based crowd funding, people put money in, usually for a share of your business. So they’ll see the value of their shares rise and fall, but you don’t need to pay back their investment.”

For those who are new, “Crowdsales are crowdfunding campaigns in the cryptocurrency world, where the digital currency platform sells the pre-mined crypto-tokens for the platform under development in exchange for either bitcoin, ethereum or some other established digital currency.”

The latest Decred News Update DCR: “New staking ATH of 58.62% – First Treasury Spend Approved by CLI Stakeholders – VSP Support Soon For DAO Spending – DEX Integration into Decredition – SPV + ETH Pairs In the Works – v1.6.3, Mobile Wallet Updates.”

In the past month, when asked What’s coming next for Decred? More DEX Trading Pairs; Post-quantum Secure Mixing; Consensus Changes for Schnorr + Taproot Support – Server Mesh Network for Privacy + DEX.

Joshua Buirski, expressed, “And, a whole much more listing or trading pairs are coming to the DEX. They are going to be adding post quantum secure mixing pretty soon.  So, that should be fun. Even if a big world government would have a quantum computer at scale somewhere underground, they can’t undo these mixes, which should be irksome.

Decred are going to be doing some consensus changes that have to do with more, atleast putting them up with people who support them. They have to do with adding Schnorr and potentially Tap Root support, because Tap Root is obviously Schnorr + other stuff.

Whether we are going to get it all of it in there (or) because we feel that is a sure thing. We are probably going to be moving towards a mesh network for the mixing and so for the privacy /mixing and for the DEX. 

Those are currently at centralized servers, but the real path forward in terms of the how is, you make it non-custodial. Then you make a server mesh. And, then you make sure your incentives are aligned. We are moving towards the mesh network part of the privacy and the exchange.”

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Maheen Hernandez

A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5

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