Meet Decred: A Digital Currency by Bitcoin Developers

Decred is a digital currency that aims to build a more robust consensus system, make funding for long-term development sustainable, and bring new forms of open governance to the blockchain.
CHICAGO, Illinois — December 12, 2015 — In 2012, a group of developers experimented with Satoshi’s original Bitcoin client in an effort to port it to yet unsupported operating systems. Due to a lack of alternative clients and problems with software dependencies, they decided to redo the Bitcoin software in a modular way, with high test coverage and thorough documentation as a platform for those who want to further develop Bitcoin or fork the software in the future. Today, their software – called btcsuite – powers the technology of several organizations, has served as the foundation that many new ideas choose to build on such as Ethereum’s most popular software client, and enjoys improvement to its code on a daily basis. After three years of activity, the group has announced a new digital currency that will draw on their experiences in the Bitcoin ecosystem and expertise in software development – in a collective effort to address longstanding issues in Bitcoin.

This post was published at Coin Desk on December 31, 2015.