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DCR

Decred  

#DCR

DCR Price:
$25.96
Volume:
$10.8 M
All Time High:
$250
Market Cap:
$0.4 B


Circulating Supply:
14,388,374
Exchanges:
24
Total Supply:
14,388,374
Markets:
36
Max Supply:
21,000,000
Pairs:
32



  DCR PRICE


The price of #DCR today is $25.96 USD.

The lowest DCR price for this period was $0, the highest was $25.96, and the current live price for one DCR coin is $25.95595.

The all-time high DCR coin price was $250.

Use our custom price calculator to see the hypothetical price of DCR with market cap of BTC or other crypto coins.


  DCR OVERVIEW


The code for Decred is #DCR.

Decred is 6.6 years old.


  DCR MARKET CAP


The current market capitalization for Decred is $373,463,878.

Decred is ranked #97, by market cap (and other factors).


  DCR VOLUME


The trading volume is large today for #DCR.

Today's 24-hour trading volume across all exchanges for Decred is $10,759,752.


  DCR SUPPLY


The circulating supply of DCR is 14,388,374 coins, which is 69% of the maximum coin supply.

A highlight of Decred is it's limited supply of coins, as this tends to support higher prices due to supply and demand in the market.


  DCR EXCHANGES


DCR is integrated with many pairings with other cryptocurrencies and is listed on at least 24 crypto exchanges.

View #DCR trading pairs and crypto exchanges that currently support #DCR purchase.


  DCR RESOURCES


Websitewww.decred.org
Whitepaperdecred.org/dtb001.pdf
Twitterdecredproject
Redditr/decred
TelegramDecred
Discorddiscord.gg/GJ2GXfz
Mediumdecred


  DCR DEVELOPER NEWS



Decred Journal — August 2022

Decred Journal — August 2022 - Image: “Inspired” by @saender’s new decred.org design. Highlights of August: An overhaul of the decred.org website has been proposed, passed and deployed., Politeia v1.4.0 has been released, new features include a 5 minute window to edit one’s comments., DCRDEX v0.5.2 is out and can be run already by impatient traders who don’t want to wait for the Decrediton integration update which is in the works., v1.7.4 of core Decred software was released as source code only to fix a testnet which has been stalled by ASIC miners., Contents: · Politeia v1.4.0 Released · Development · People · Governance · Network · Ecosystem · Outreach · Media · Discussions · Markets · Relevant External — Politeia v1.4.0 Released - New Politeia release is live after 8 months of development! Highlights include: Importing legacy proposals was the biggest chunk of work for this release. Now all proposals are available at proposals.decred.org and there is no separate archive website., Comments can be edited in the 5 minutes immediately after posting., Censorship reason and moderator is shown for censored proposals., Improved drafts UX., Initial work for the new architecture for building Politeia-like apps., See full release notes in politeia and politeiagui repositories. — Development - The work reported below has the “merged to master” status unless noted otherwise. It means that the work is completed, reviewed, and integrated into the source code that advanced users can build and run, but is not yet available in release binaries for regular users. — dcrd. — dcrd is a full node implementation that powers Decred’s peer-to-peer network around the world. dcrd v1.7.4 was released to fix testnet mining algorithm as detailed below. It was a source code only release as it is primarily intended for developers. Merged in master and backported to v1.7.4 release: Enforced difficulty throttling on testnet. Normally ASICs are not expected on testnet and blocks are mined with “slow” CPU mining, since it’s not reasonable to require high-powered hardware to run testnet. There is no financial incentive either because testnet coins have no value and ASIC miners have a better choice to mine mainnet coins for profit. Despite that, an unusual hashrate of ~78 Th/s (equivalent of 2 Antminer DR5) joined Decred testnet and mined for ~5 hours, which ramped up the difficulty and effectively stalled the network. To limit the type of games that ASICs can play on testnet two new rules are introduced: a limit on maximum allowed difficulty and a limit on block production rate once maximum difficulty is reached. This should keep CPU mining feasible even in the presence of GPUs and ASICs. It should be noted that this solution is only suitable on a test network where no real monetary value is in play and thus the typical game theory mechanics do not apply., Optimized handling of blocks with too few ticket votes to also copy the regular transactions into an alternative block template in addition to the stake transactions. This makes template creation more robust in the case of duplicate spends and helps ensure that all transactions in an invalidated (under-voted) block are added to alternative block templates. Previously all transactions were copied too but only in the next block, so this change removes an unnecessary delay., Merged in master towards v1.8: Made longer running blockchain tests run in parallel to reduce the overall testing time roughly in half., Removed all code related to previous script snapshots now that address index has been removed and there are no other indexers that require access to previous scripts., Maintenance and smaller fixes., — dcrwallet. — dcrwallet is a wallet server used by command-line and graphical wallet apps. Merged in master and backported to v1.7.4 source-only release: Implemented method for importing arbitrary public keys and their derived addresses. It is only supported for watching-only wallets., Added checkpoints to hard-fork testnet3 to new rules implemented in dcrd. Checkpointing is used to push the wallet onto the intended unvoted chain due to it having significantly less total work than the chain being reorged., Merged in master: Updated difficulty checks to the new throttling rules on testnet3., — dcrctl. — dcrctl is a command-line client for dcrd and dcrwallet. Updated to latest Go modules and GitHub action versions., — Decrediton. — Decrediton is a full-featured desktop wallet app with integrated voting, StakeShuffle mixing, Lightning Network, DEX trading, and more. It runs with or without a full blockchain (SPV mode). Added the ability to refresh the DEX window with F5 key., Treasury spending page now uses testnet Pi keys on testnet and has proper links to verify them in dcrd’s source code., Corrected “Stakeshuffle++” to “StakeShuffle” in Privacy tab., ~4 fixes and other internal updates., — Politeia. — Politeia is Decred’s proposal system. It is used to request funding from the Decred treasury. Backend: Optimized and improved validation in dbutil -migrate command (used to migrate from one user database to another)., Store app version as a single string to simplify the release process., Various updates for Go 1.19 (CI configuration, GitHub Actions, linter, and code formatting)., Delete expired user sessions on startup. Tests for the session database have been rewritten to fix numerous issues., Updated dbutil -dump command to work with all of the user database implementations., Freeze Trillian trees that correspond to Politeia records that no longer allow updates (such as Censored or Archived). Politeia’s use of Trillian is quite different from its intended use case and it results in high CPU load. Freezing some trees should reduce it., Current GUI: Keep quorum label for Approved and Rejected proposals., Fixed common invalid signature error for new keys that were used before getting registered on the server., Fixed 2 bugs with legacy RFP proposals and ~6 bugs with legacy proposal comments., GUI remake on the new plugin architecture: Deduplicated common Babel and Jest configuration., Added various information to the pi plugin: proposal status, vote duration, quorum, billing status changes, and error messages., Added end-to-end tests based on Cypress., Implemented RFP proposals and submissions., Reuse view breakpoints from pi-ui. Breakpoints control which layout is used to match the user’s screen size., ~5 fixes, Code refactoring and cleanup, pi-ui shared library: Custom breakpoints made reusable internally and by apps that consume pi-ui. Wired up PostCSS for CSS processing., Image: Updated RFP proposal view in Politeia. — Lightning Network. — dcrlnd is Decred’s Lightning Network node software. LN enables instant and low-cost transactions. LN Daemon: Add EnforcePing RPC call. This allows callers to direct dcrlnd to ping the specified peer and wait for the response. If the response fails to be received, then the peer is disconnected., Added stall detection and disconnection for peers. This is needed to handle situations where the computer running dcrlnd is suspended and then resumes after enough time has passed for the remote peer to have disconnected., Reduce peer idle timeout to 1 minute and 30 seconds, down from 5 minutes. A 5 minute idle timeout is excessive and prevents correct early detection of stalled peers., Liquidity Provider Daemon: Configured GitHub Actions for automated builds., Documented how the software takes control of outbound channels., Added TLS encryption support., — DCRDEX. — DCRDEX is a non-custodial, privacy-respecting exchange for trustless trading, powered by atomic swaps. DCRDEX v0.5.2 has been released! Check the v0.5.0 release first for a long list of features, fixes and instructions to upgrade from v0.4. Starting with the v0.5.2 release DCRDEX now publishes its own binaries. As always, verifying them is strongly recommended. Note that there has been no announcement yet because DCRDEX is coordinating with the other components (such as Decrediton). August changes included in the v0.5 release: Moved wiki contents to docs/wiki in the main repo. Now all docs are in one place and can be updated and reviewed by more contributors via the pull request workflow., Rewritten much of README for the v0.5 release., Updated to use the new testnet3 rules and switched LTC block explorer from bitaps.com to sochain.com., Embeded site resources using go:embed., Updated German translation., Code maintenance., August fixes included in v0.5: Fixed several client wallet hanging issues., Fixed a deadlock in BTC SPV wallet., Fixed switching wallet type to SPV., Fixed several deadlock and lock contention issues in the trade engine., Fixed having to refresh Wallets page manually after creating a wallet., Fixed match status display for revoked matches., ~10 other client fixes and ~2 backend/internal fixes., User-facing changes towards the next v0.6 release: End user (trader) documentation moved to its own document., Improved candlestick chart accuracy by using epoch’s first and last match price for candle’s start and end rate., Restyled the Wallets page. The new style is responsive and adjusts to desktop, tablet and mobile screen sizes., Adjusted order cancellation policy to penalize too fast cancellations. If the order sits for at least one full epoch it can still be cancelled for “free” (without hurting user’s reputation score). This should improve trading experience for humans., Implemented live wallet reconfiguration for DCR and ETH. It allows to correctly track locked coins across changes to wallet configuration., Backend and developer changes towards the next v0.6 release: Server installation guide moved to its own document., Updated dependencies to latest btcsuite, go-ethereum, go-bip39 and minimum Go 1.18., Added a guide to get started with writing fuzzing tests., Automated Markdown linting to ensure consistent formatting., Transaction wait time made configurable by server operator. It is the maximum time server will search for client-reported transactions before erroring., Updated Node.js dependencies for the v0.6 dev cycle., Translated page templates are now generated at runtime. It removes the need to re-generate them manually and simplifies updating translations or adding new languages., Support both released v1.7 and in-development v1.8 versions of dcrd and dcrwallet., Code maintenance., ~11 client fixes and ~2 backend/internal fixes., Ethereum support: Enabled token trading on the UI with new wallet creation flow for token wallets that includes a step to sync the parent chain (such as Ethereum)., Image: DCRDEX layout for tablet devices. — GoDCR. — GoDCR is a lightweight desktop GUI wallet with integrated staking, privacy, Politeia voting, consensus voting, and more. Disabled Receive, Send and Mixer pages for watch-only wallets., Updated wallet Settings page to v2 UI design., Updated top-level Settings page to v2 UI design., Implemented layout for treasury spending., Updated color and icon on the top bar., Fixed crash in proposal details when parsing a specific bit of Markdown., Fixed app crash after wallet restore is complete., Fixed top bar text color in dark mode., dcrlibwallet shared library: Added function to save TSpend voting policy locally and in VSPs managing the tickets., Updated dcrwallet dependency., Extracted Politeia into a standalone package., Implemented API for fetching data from external services such as the dcrdata block explorer and exchanges., Image: New Settings design in GoDCR. — dcrdata. — dcrdata is an explorer for Decred blockchain and off-chain data like Politeia proposals, markets, and more. Dependency and toolchain updates., Fixed treasury transaction pagination., Fixed incorrect treasury balance on home page., ~3 smaller fixes., — decred.org. — dcrweb is the source code for the decred.org website. Decred.org has been completely overhauled as approved by stakeholders in the D.R.E.A.M. 2: Dream Harder proposal. New messaging is “Decred — Money Evovled”. Summary of site changes: Complete overhaul of theme and style., Updated messaging using strong words and simple language., Support and Publications sections added to Community page., Removed /chat subpage (it redirected to chat.decred.org)., Removed /brief, /sustainable, /adaptable, /security, and /history subpages., Removed legacy stakepools from the VSP list., Technical details: Site is implemented as much as possible without JavaScript. JS is used for: top navigation bar on mobile, loading VSP table, OS-specific download links on the home page., Previous site was built on drag-and-drop editor Webflow. The Webflow CSS has been replaced with Bootstrap., All site CSS (including Bootstrap) is compiled from SCSS source., New site does not contain any videos or Lottie animations, so all CSS/JS for those has been removed., Data files (apps.yml, current_release.yml and links.yml) consolidated to remove duplcation. All wallet links and versions now reside in one file wallets.yml., SourceSansPro font replaced with a mixture of Poppins and Inter. SourceCodePro remains the monospace font., Other site changes: Updated Matrix support link. Now decred.org/matrix-support redirects to #support chat room in our self-hosted Element server., Removed 7 defunct exchanges and wallets. Updated links., Image: New decred.org design. — Other. — Updated to Go 1.19 and dropped support for 1.17 in various repos., Android and iOS mobile wallets have been removed from the Bug Bounty program’s scope due to lack of supporting developers., — People - Welcome to new first-time contributors with code merged to master: Abirdcfly (dcrd), herculesbrito (Decrediton), norwnd (dcrd), Decred community members João Paulo Sant’Anna (curator of @DecredBR) and Philemon (developer in DCRDEX, dcrdata, and other projects) were interviewed by @phoenixgreen on Decred Magazine. Community stats as of Sep 1 (compared to Aug 1): Twitter followers: 54,751 (+445), Reddit subscribers: 12,647 (+14), Matrix #general users: 714 (+7), Discord users: 1,796 (+31), Telegram users: 2,884 (+111), YouTube subscribers: 4,640 (+10), views: 214K (+2K), — Governance - In August the new treasury received 9,219 DCR worth $294K at August’s average rate of $31.93. 3,788 DCR was spent to pay contractors, worth $121K at August’s rate, or $91K at July’s billing rate of $23.93. The treasury spend transaction was mined on August 27, it had 23 outputs ranging from 0.7 DCR to 1,168 DCR. The transaction was approved with 6,795 Yes votes and 0 No votes. As of Sep 3, combined balance of legacy and new treasury is 810,984 DCR (24.3 million USD at $29.95). One proposal was published and approved in August. D.R.E.A.M. 2: Dream Harder was submitted by @jy-p working with @jholdstock, @jz, and @saender to produce a revised decred.org prototype site along the lines of the D.R.E.A.M. proposal which had the best voting response (48% approval) but did not pass for the decred.org messaging RFP which was decided in September 2020. The present proposal to deploy the new design/messaging at a cost of $7,660 ($3K of which is reserved for translations) was approved with 97% Yes votes and 59% turnout. See Politeia Digest issue 53 for more detail on the month’s proposal. — Network - Hashrate: August’s hashrate opened at ~44 Ph/s and closed ~70 Ph/s, bottoming at 38 Ph/s and peaking at 84 Ph/s throughout the month.Image: Hashrate recovering from the lows. Distribution of 75 Ph/s hashrate reported by the pools on Sep 1: Poolin 65%, F2Pool 26%, BTC.com 5.5%, AntPool 3.5%, CoinMine 0.6%. Distribution of 1,000 blocks actually mined by Sep 1: Poolin 61%, BTC.com 5%, CoinMine 0.7%, unknown 33%.Image: Pool hashrate distribution. Staking: Ticket price varied between 220–239 DCR, with 30-day average at 230.2 DCR (+3.4). The locked amount was 9.22–9.39 million DCR, meaning that 63.9–65.0% of the circulating supply participated in Proof of Stake. This is a new all-time high for stake participation and ticket pool value. VSP: On Sep 1, ~7,050 (-120) live tickets were managed by listed vspd servers. Collectively the 18 VSPs managed 17.3% of the ticket pool (-0.1%).Image: Distribution of tickets managed by VSPs. Nodes: Node versions captured by Decred Mapper on Sep 1 (176 total, dcrd only): v1.7.1–31%, v1.7.2–29%, v1.7.4–18%, v1.7.0–8.5%, v1.8.0 dev builds — 3%, v1.7.0 dev builds — 1%, other — 10%.Image: dcrd node version distribution. The share of mixed coins varied between 60.8–60.9%. Daily mixed amount varied between 233–546K DCR. Decred’s Lightning Network has seen 42 nodes (-3), 68 channels (-10) with a total capacity of 35.4 DCR (-1.5), as of Sep 1. — Ecosystem - VSP synergy-crypto.net announced on its website that it is closing and is not accepting new tickets. Tickets with already paid fees will be voted as usual (180 tickets as of Sep 1). ViaBTC announced on Aug 5 that they will shut down their DCR mining pool on Aug 10. Users were asked to withdraw or convert their DCR by Aug 17, and any DCR remaining by that deadline will be automatically converted to USDT. A total of 7 defunct services have been removed from decred.org Exchanges page (CoinSwitch, Sequoir (ex Vertbase), Evercoin, Bitcoin.com) and Wallets page (Ownbit, AnyBit, Atomic Wallet, Evercoin). As of Sep 12, 22 third-party exchanges and 6 third-party wallets remain listed. Warning: the authors of the Decred Journal have no idea about the trustworthiness of any of the services above. Please do your own research before trusting your personal information or assets to any entity. Join our #ecosystem chat to follow Decred ecosystem updates. — Outreach - Monde PR’s achievements: Pitched Decred to 2 PR opportunities., Responded to 3 requests for comments., Secured the following news articles: An article in Forbes Advisor featuring commentary from @jz on the merit of meme coins. The piece was syndicated to 3 publications including Nasdaq., An article in Cointelegraph featuring commentary from @jy-p on how Bitcoin’s Lightning Network stacks up against Solana and Visa. The piece was syndicated to 30 publications including Bitcoin Insider and Crypto News Canada., The Cointelegraph piece also appeared in Portuguese on Cointelegraph Brazil., — Media - Decred Magazine engagement stats for August: Total number of articles on DM: 305, Newsletter subscribers: 55, New posts and newsletters sent: 13, Active social media campaigns: 5, Social media posts: 75, Post clicks: 224, Likes: 412, Re-tweets: 73, Social media followers across all platforms and accounts: 927, Twitter users are more than welcome to support @Decredmagazine with follows, likes and retweets to help spread the message. Selected articles: Introducing Decred community member João Paulo Sant’Anna by @phoenixgreen, Introducing Decred developer Philemon by @phoenixgreen, How Decred contributed to a more transparent election in Brazil by @João, Peer-to-peer electronic corporation by @Tivra, Inflection points technical analysis by @Applesaucesome, Videos: Decentralised treasury spending — Decred Fundamentals by @phoenixgreen, DCRDATA Decred’s treasury — Decred Fundamentals by @phoenixgreen, Why Decred will explode! $DCR crypto price prediction! by Minted Max — better than a typical price talk video, Decred and the future of web3 — State of the Market with BlockchainBuck by @phoenixgreen and @Exitus, Decred News Update — Development work surging across many repos — LN, DCRDEX, Politeia, DAO & more by @Exitus, Art and fun: New Website TikTok by @DCRDajana, Decred Heartbeat by @OfficialCryptos, Translations: Decred Journal April-July 2022 got a total of 6 new translations. Thanks to @arij (Arabic), @Dominic (Chinese), and @kozel (Polish)!, Non-English content: What is the Decred digital token project? by Be Coin (Arabic), DCR DecreD Explose j’achete ou pas? by Crypto for EveryOne (French, “Decred exploding, buy or not?”), — Discussions - Selected Reddit posts: Can something like Tornado Cash ban happen to Decred?, Selected Twitter discussions: @elima_iii has a draft of his research paper, which focuses on Decred and the proposed Responsible Financial Innovation Act., @phoenixgreen has a thread on his experiences using the DCRDEX to sell DCR for BTC using the platform’s atomic-swap technology., — Markets - In August DCR was trading between USD 25.60–70.40 / BTC 0.00114–0.00306. The average daily rate was $31.93. Another review of crypto and stock markets by @Applesaucesome mentions unusual numbers in August’s DCR pump:The volume of that candle was massive. And I mean MASSIVE. Just on the DCR/USDT pairing there was nearly 2 million DCR traded back and forth. That’s 14% of the entire supply. Note: This doesn’t mean that much was bought or sold but the total combined amount bought + sold. The following quote is not financial advice:In conclusion, the markets are likely going to pull back but if you’re a bull then it could present one last solid buying opportunity. If you’re a bear then this would be the time to sell more. Crypto still looks terrible right now but I’m not selling.Image: DCRDEX monthly volume in USD. — Relevant External - Tornado Cash, an Ethereum mixing service, was added to the OFAC sanctions list by the US Treasury, for its role in facilitating the laundering of proceeds of hacks by North Korea. The sanctions cover a set of Ethereum addresses associated with the mixer, and in the immediate aftermath of the sanctions being unveiled some trolls were sending small amounts of mixed ETH from Tornado to the wallets of celebrities to taint their funds. Circle quickly blacklisted $75K of USDC belonging to Tornado users. GitHub removed the repositories for Tornado Cash and also the accounts of at least 3 developers who worked on it. Two days later a developer who worked on Tornado Cash, Alexey Pertsev, was arrested in Amsterdam by the Dutch Fiscal Information and Investigation Service, on suspicion of helping to facilitate money laundering. The Dutch authorities are holding Pertsev for 3 months until a trial can be arranged, but so far they have not been charged with a specific crime, and their wife has denied links to Russian espionage. A whole DeFi ecosystem on Solana (Saber protocol) was revealed to be the work of two brothers, a lot of fake developer accounts, and some techniques for double or triple counting the assets locked into the protocol. Maker DAO has been supporting the DAI stablecoin since launch in 2019 and its governance serves to determine how the MKR ecosystem develops. Most participants in Maker DAO governance seem to agree that it is not going well and needs to change, but there are disagreements about how it should change. In a recent podcast debade MKR founder Rune Christensen made a case that people working for the DAO were getting too comfortable and trying to expand the organisation in ways which suited themselves. Hasu (pseudonymous crypto researcher, MKR governance delegate) represented the side of DAO contributors who could see that MKR holders were being presented with sub-optimal proposal decisions which they were not always well suited to answer — but several proposals to create new core groups which would provide a certain kind of intelligence to the token holders were recently rejected. One Twitter thread on the subject adds a 3rd faction, decentralization maximalists who want to see the smart contracts locked down or “ossified” so that they cannot be changed in response to changing regulation. Rune is however the main character whose return from semi-retirement heralded a change in direction away from what the DAO’s contributors and in some cases VC backers were planning. Rune has provided an epic “End Game” plan but it is extremely long and complex, split into several long forum posts, so it’s not clear how many people support that. Leaked videos have been circulated of lawyer Kyle Roche bragging about their work with Ava Labs (of Avalanche network), which included tying other competing projects up with frivolous lawsuits. Ava labs have denied the sensational account of their arrangement with the firm which Crypto Leaks published, and Kyle Roche has withdrawn from a number of the aforementioned class action lawsuits. That’s all for August. Share your updates for the next issue in our #journal chat room. — About - This is issue 50 of Decred Journal. Index of all issues, mirrors, and translations is available here. Most information from third parties is relayed directly from the source after a minimal sanity check. The authors of the Decred Journal cannot verify all claims. Please beware of scams and do your own research. Credits (alphabetical order): writing, editing, publishing: bee, bochinchero, Exitus, jz, l1ndseymm, phoenixgreen, richardred, reviews and feedback: davecgh, funding: Decred stakeholders, Decred Journal — August 2022 was originally published in Decred on Medium, where people are continuing the conversation by highlighting and responding to this story.




Decred Journal — July 2022

Decred Journal — July 2022 - Image: News art by @OfficialCryptos. Highlights for July: DCRDEX has added support for a new type of Bitcoin wallet, support for the Electrum SPV wallet has been merged, Politeia is getting close to a new release with legacy proposals imported and a new GUI plugin architecture, After the rejection of a proposal to continue funding GoDCR, the team has announced that they will no longer be working on it, @jy-p mentioned in an interview something he has been working on for Lightning Network, a novel way to use LN which is already feature-complete and should make its public debut within the next two months, Contents: · Development · dcrd · dcrwallet · Decrediton · Politeia · cspp · DCRDEX · GoDCR · dcrdata · Documentation · decred.org · Other · People · Governance · Network · Ecosystem · Outreach · Media · Discussions · Markets · Relevant External · About — Development - The work reported below has the “merged to master” status unless noted otherwise. It means that the work is completed, reviewed, and integrated into the source code that advanced users can build and run, but is not yet available in release binaries for regular users. — dcrd - dcrd is a full node implementation that powers Decred’s peer-to-peer network around the world. Optimizations: Private key generation implemented directly for the secp256k1 curve to replace the generic version in the standard library with any adaptor code it required. Not only is this implementation significantly more efficient, both in terms of execution speed and memory allocations, it also is theoretically more secure since it does not have the modulo bias the implementation in the standard lib does., Significantly optimized CPU mining code that is useful for mining on testnet. Speed stat tracking code reworked to improve accuracy and performance. Before this change the hashrate was ~0.5 Mh/s and up to 2 cores could be used efficiently. Optimized code hashes at 1.2 Mh/s on a single core and over 10 Mh/s with 10 cores., Other: Removed planetdecred.org seeders for both mainnet and testnet as requested by their maintainer., Reformatted doc comments in the entire repository with gofmt in the new Go 1.19. Doing it all at once in a single commit saves future commits from extra diff clutter., Fixed broadcasting of winning tickets when there are multiple next block candidates (“chain tips”) and some of them do not yet have their block data available. Voting wallets connected to dcrd in such state were unable to re-start voting for blocks due to an error., Smaller improvements., Image: Another day in dcrd development. — dcrwallet - dcrwallet is a wallet server used by command-line and graphical wallet apps. Ticketbuyer: Do not attempt to mix change if CoinShuffle++ server is unset., JSON-RPC and command-line use via dcrctl: Fixed signrawtransasction command not seeing the provided private keys for signing P2PKH inputs., In progress: Add requests to allow Decrediton to get and update the pending TSpend voting policies., — Decrediton - Decrediton is a full-featured desktop wallet app with integrated voting, StakeShuffle mixing, Lightning Network, DEX trading, and more. It runs with or without a full blockchain (SPV mode). In progress — voting on individual TSpend transactions is being introduced into Decrediton: The Treasury Spending tab will display pending TSpends and the ability to vote., On the Home view users will see notifications of new active and not yet voted TSpends., Ticket details page will show treasury key and TSpend vote choices that have been set on the VSP., — Politeia - Politeia is Decred’s proposal system. It is used to request funding from the Decred treasury. Backend — tstore: Removed ability to use LevelDB as a key-value storage for tstore, which is now MySQL by default. Since MySQL is required by Trillian anyway, removing an alternative storage backend simplifies politeiad setup and makes the code easier to maintain., Updated the tstore backend to allow overwriting existing entries. tstore saves data in 2 steps: save data in the key-value store, and then append its hash onto the Trillian tree. Overwriting existing entries fixes the inability to resubmit unchanged data if the second step failed., Backend — ticketvote plugin: Added the timestamp of the last vote status change to the vote summary structure. This allows to pull less data when rebuilding the vote inventory., Rewrote ticketvote inventory cache with an improved API, better documentation, and saving data in the tstore database instead of the file system. Similarly, vote summaries cache and runoff vote submissions cache moved from the file system to the tstore provided plugin cache., Implemented the ticketvote plugin’s fsck function that rebuilds all of its caches., Backend — legacy proposals: Added an import command to the legacypoliteia tool. It imports the JSON data into the tstore backend that was generated during the execution of the convert command. The two commands (convert and import) allow to migrate most data from the previous version of Politeia into the current version. Client and server signatures are not imported since they don’t match the converted data. Some Trillian weirdness had to be investigated and addressed with extensive testing and workarounds., Backend — other changes: Fixed bug where empty comments were accepted., Removed legacy websockets code which was never used for anything., Code cleanup and packaging., Various improvements, tweaking etc., politeaivoter command-line app: Consolidated config error handling to cover more cases consistently., Politeia GUI: Removed hardcoded legacy proposals and code handling them, now that they have been migrated into the current Politeia database., Various tweaks, improvements, and ~8 fixes., Politeia GUI progress towards the new plugin architecture: Show a warning modal for external links., Each plugin can now export “effects” that developers can reuse and compose in their Politeia-like apps. For example, when the user scrolls to the end of the list, code to fetch next batch of proposals/comments/vote summaries can be called from the plugins responsible for these pluggable features., Added a politeiagui-scripts CLI package. It deduplicates common configuration and provides 7 commands for developing and testing plugins and apps., — cspp - cspp is a server for coordinating coin mixes using the CoinShuffle++ protocol. It is non-custodial, i.e. does not hold any funds. @jy-p says he’s made a lot of progress with @jrick on peer-to-peer mixing for Decred’s StakeShuffle privacy service. Currently StakeShuffle relies on a central server at mix.decred.org., — DCRDEX - DCRDEX is a non-custodial, privacy-respecting exchange for trustless trading, powered by atomic swaps. General user-facing changes: Display fiat equivalents in various places of the UI., Added general support for live wallet reconfiguration and implemented it for BTC. This allows locked coins to be re-established after wallet configuration was changed. Prior to this change, reconfiguring a wallet with live orders was unlocking the funds but attempting to use them resulted in an error., Implemented fee rate caching and expiry to resolve a long-standing issue of using outdated fee rate. Also optimized how frequent fee rate is fetched from various sources (wallet, order book, external API)., Clarified the message about disabling a DEX server. With the recent account discovery features, a server can be disabled and reenabled as needed without paying the registration fee again., Optimized high resource use when typing price., Fixed Filled percentage display for market buys., Fixed users getting order completion credit for revoked orders in rare circumstances., General internal/other changes: Enforced code formatting check during CI builds for consistency., Other test infrastructure improvements, refactoring, and ~5 fixes., Decred support: Support external source of transaction fee estimates for DCR wallets (dcrdata’s Insight API), to serve as a fallback when the wallet cannot get the fee estimate locally., Fixed block monitoring for DCR SPV wallets and improved connectivity error messages., Bitcoin and Bitcoin-like asset support: Added support for common Electrum SPV wallets (BTC, LTC, BCH). DEX client can communicate with a local Electrum wallet (min version 4.2) and use its funds for trading., Added a short delay for sending ZEC after a block is mined in load tests, to workaround an issue with Zcash output selection., Minimum required Bitcoin Core version bumped to v0.21 (and v22 for using descriptor wallets)., Fixed native BTC SPV wallet getting wrecked after sending too small (“dust”) amount, which should not be allowed., Fixed creating native BTC wallet with too small fee., Ethereum support: Increased ETH gas fee cap for redemptions when base fee is too high., Added ability to export ETH wallet to Metamask., Changed how ETH wallet’s private key is derived to have an extra step where Ethereum BIP-39 mnemonic is generated, and then the private key is derived from that seed. This leaves the door open to exporting both the seed words and the account private key in the future., Added a test for arithmetic overflow in the Ethereum Solidity contract. Starting with Solidity v0.8.0 the transaction should be reverted automatically if there is an overflow. The test is added just in case Solidity version used in DCRDEX is somehow reduced below v0.8.0, or if future Solidity versions remove this protection. However unlikely that may be, it’s better to be safe than sorry., Image: DCRDEX showing fiat equivalents to ease the transition from the legacy financial system. — GoDCR - GoDCR is a lightweight desktop GUI wallet with integrated staking, privacy, Politeia voting, consensus voting, and more. Following the rejection of a proposal to fund future GoDCR development, the @raedah team has announced that it will no longer be actively developed by them. Merged: Updated Transactions page (improved tx row display, count of each tx type in the filter dropdown, etc.)., Implemented a new Overview page design., Updated Wallet Settings page to the latest UI., Added DEX server selector, ability to use custom server, and payment of the registration fee., Fixed handling of wallet deletion., Implemented a new Staking tab design., Numerous bug fixes and UI tweaks., Translation updates., In progress: Streamlined API in dcrlibwallet for pulling data from the dcrdata block explorer and exchanges., New StakeShuffle page layout., New Transaction page design., Proposal search functionality., Image: New Staking design in GoDCR. — dcrdata - dcrdata is an explorer for Decred blockchain and off-chain data like Politeia proposals, markets, and more. Added message signature verification page and two new HTTP API endpoints for use in scripts and apps. Request body limiter was also added with a default of 2 MiB, down from default 10 MiB., In progress: Expose more treasury mechanics like quorum progress, approx. vote start/end date, Pi keys used, and more., Devs are looking into pagination problems on the Treasury page., — Documentation - dcrdocs is the source code for Decred user documentation. Updated docs related to command-line apps to match v1.7.2 release, and mentioned support of Apple M1 chip and BSD systems., Updated and reorganized the Using the Block Explorer guide to address some confusion on Reddit., — decred.org - dcrweb is the source code for the decred.org website. Social media links were cleaned up. Notably, Chinese specific social media has been removed due to a lack of control and proper moderation over these channels., — Other - In response to a community question “What would you like to see Decred develop next?” @jy-p dropped a teaser: “This one has a nuanced answer. I’ve developed it, and it’s almost ready, and it fills a gap that we’ve had for a very long time, and it involves Lightning Network. I’m not gonna say a whole lot else. You can think about it like this. There’s a whole bunch of problems around us today. There is one of them that makes me absolutely crazy and I’m going to try and address it.”. Whatever it is, the remaining integration and GUI work was roughly estimated as “2 months”. — People - Congratulations to new contractors granted the Decred Contractor Clearance (DCC) in May-June: @philemon (GitHub @ukane-philemon, Development), @zippycorners (GitHub @matthawkins90, Development), Decred developers @dreacot (GoDCR) and @VictorGuedes (Politeia) were interviewed by @phoenixgreen on Decred Magazine. Community stats as of Aug 1 (compared to Jul 1): Twitter followers: 54,306 (-74), Reddit subscribers: 12,633 (-3), Matrix #general users: 707 (+18), Discord users: 1,765 (-561 — purged inactive users), Telegram users: 2,773 (-37), YouTube subscribers: 4,630 (+0), views: 212K (+2K), — Governance - In July the new treasury received 9,204 DCR worth $220K at July’s average rate of $23.93. 3,205 DCR was spent to pay contractors, worth $77K at July’s rate, or $90K at June’s billing rate of $28.06. The treasury spend tx was mined on July 24, it had 20 outputs ranging from 2.8 DCR to 1,184 DCR. The transaction was approved with 4,590 Yes votes and 7 No votes. As of Aug 8, combined balance of legacy and new treasury is 807,000 DCR (30.7 million USD at $38.01). There were no new proposals in July. The Decred Magazine proposal was approved in July with approval of 87% and turnout of 28%. Two other proposals were rejected, for GoDCR (20% approval, 57% turnout) and Decred Brazil marketing (19% approval, 57% turnout). See Politeia Digest issue 53 for more detail on the month’s proposals. — Network - Hashrate: July’s hashrate opened at ~87 Ph/s and closed ~44 Ph/s, bottoming at 28 Ph/s and peaking at 116 Ph/s throughout the month.Image: Hashrate continues to seek a new equilibrium. Distribution of 42 Ph/s hashrate reported by the pools on Aug 1: Poolin 36%, ViaBTC 36%, F2Pool 13%, BTC.com 9%, AntPool 6%, CoinMine 1%. Distribution of 1,000 blocks actually mined by Aug 1: Poolin 42%, ViaBTC 30%, BTC.com 8%, CoinMine 1%, unknown 19%.Image: Pool hashrate distribution. Staking: Ticket price varied between 215–238 DCR, with 30-day average at 226.8 DCR (+3.1). The locked amount was 9.12–9.25 million DCR, meaning that 63.7–64.5% of the circulating supply participated in Proof of Stake.Image: Staking participation all-time high. VSP: On Aug 1, ~7,170 (+20) live tickets were managed by listed vspd servers. Collectively the 18 VSPs managed 17.4% of the ticket pool (+0.1%).Image: Distribution of tickets managed by VSPs. Nodes: Node versions captured by Decred Mapper on Aug 9 (127 total, dcrd only): v1.7.1–39%, v1.7.2–25%, v1.7.0–11%, v1.7.0 dev builds — 7%, v1.8.0 dev builds — 4%, v1.6 series — 3%, v1.5 series — 0.7%, v1.4 series — 0.7%.Image: dcrd node version distribution. The share of mixed coins varied between 60.6–60.8%. Daily mixed amount varied between 244–509K DCR. Decred’s Lightning Network has seen 45 nodes (+1), 78 channels (+6) with a total capacity of 36.9 DCR (+0.2), as of Aug 9. — Ecosystem - Two new VSPs were listed on decred.org and in Decrediton: vspd.bass.cf by @cryptocoiner69 (0.2% fee) and dcrhive.com by @kozel (0.7% fee). @kozel plans to use the earned VSP fees for providing liquidity for Decred’s Lightning Network — an interesting new incentive to consider when selecting a VSP. Binance has reduced required DCR confirmations from 20 back to 6 according to @jz. Luxor has shut down its Decred mining pool about 1 month past the original deadline of Jun 10 that was reported by a Reddit user. BisonPool has officially launched. BisonPool is a new kind of proof-of-stake pool which enables all Decred holders to earn PoS rewards, even if they cannot afford a whole ticket on their own. To make this possible, BisonPool pools users’ DCR to purchase tickets. The ticket rewards are split among participants based on the amount of DCR they were able to provide. See the announcement on Reddit. Users have no control over voting preferences for their tickets on BisonPool. It should be noted that this is a custodial service, meaning BisonPool has control of user’s funds. There is a risk that your Decred can be stolen if you choose to use this service. The identity of whoever is running BisonPool is unknown to the community. Remember, not your keys, not your coins. Warning: the authors of the Decred Journal have no idea about the trustworthiness of any of the services above. Please do your own research before trusting your personal information or assets to any entity. Join our #ecosystem chat to follow Decred ecosystem updates. — Outreach - Monde PR’s achievements: Pitched Decred to 2 PR opportunities, Responded to 2 requests for comments., Secured 1 media interview., Sourced 2 freelance journalists to write for Decred Magazine., Secured the following news articles: An article in Finder featuring commentary from @jz on Ethereum’s outlook for 2022., An article in Finder featuring commentary from @jz on Solana’s outlook for 2022., An article in Finder featuring commentary from @jz on Litecoin’s outlook for 2022., An article in Finder featuring commentary from @jz on Dogecoin’s outlook for 2022., An article in Cointelegraph featuring commentary from @jz on what led to the downfall of Three Arrows Capital. The article was syndicated to 44 publications including Crypto News Canada, The Switzerland Times and Bitcoin Insider., — Media - Decred Magazine update:In July we published 10 new articles and added all previous “Decred Assembly” content to the archive. We have a new Official Contributor — Tivra.DM now has 297 posts, 50 newsletter subscribers, 6 active social media campaigns. I’m not sure how to show the full social media engagement, but according to my stats over the last 30 days there have been 48 new posts, 309 clicks on posts, 375 likes, 56 retweets, content was posted to 887 followers across all accounts. [@phoenixgreen] DM has its own Twitter now, follow @decredmagazine to get new stories and announcements. Authors wanted! Contact @phoenixgreen in Matrix #writers chat or @DecredSociety on Twitter. Decred Magazine articles: Introducing Decred developer @dreacot by @phoenixgreen, Magic 8 ball, is this the bottom? Technical Analysis by @Applesaucesome, Introducing Decred developer VictorGuedes by @phoenixgreen, Sound money that iterates and evolves by @RonnieAmato, Indecision, doubt, and a monthly dose of hopium Technical Analysis by @Applesaucesome, Videos: Decred Explained — Improving decentralization & scalability with a hybrid consensus mechanism by Crypto Sketch 101, Decred News Update — First DAO payout w/ new rules, DEX Solidity contract audit, mixing ATH & more! by @Exitus, What is Decred? DCR price prediction (explained with animations) by Blockchain Side, DCRDATA the details that define the project — Decred Fundamentals by @phoenixgreen, Livestream: Two-tiered economy — Decred and the State of the Market with Jake Yocom-Piatt with @Exitus and @phoenixgreen, Art and fun: Decred stairs to evolve and adapt by @OfficialCryptos (tweet), Decred’s StakeShuffle Mixing statistic animation by @karamble, Translations:) Decred Journal June 2022 was translated to Chinese (@Dominic). Thank you!, — Discussions - Selected Reddit posts: The Weekly Contributions initiative paused for a month but came back with a 4th edition with a longer duration and a bounty pool of 2 DCR (plus 1 DCR pledged by a participant for 2nd best contribution if there is one). Bootstrapping is going hard but there are still more ideas to try before giving up., — Markets - In July DCR was trading between USD 20.86–29.10 / BTC 0.00104–0.00134. The average daily rate was $23.93. @Applesauceseome shared two market reviews with charts and commentary on crypto and the broader market, and a “next gen hopium” in the last piece.Image: DCRDEX monthly volume in USD. — Relevant External - The group of people who refer to themselves as “Bitcoin Maximalists” is fragmenting and shrinking, and July saw some significant defections and ruptures. Nic Carter has for many years presented a pro-Bitcoin narrative in the media consummately, earning the respect of many in the community — but when the latest investment of his fund Castle Island Ventures was set upon by Bitcoin Maximalists on Twitter, Nic went on a protracted offensive against them, calling out that group’s mis-steps and failings and distancing himself from them. Later in the month Samson Mow, considered by many as an architect of the maximalist position, objected to a comment from long time Bitcoin developer Matt Carralo and tweeted that people should remember Matt as a person who introduced an inflation bug to Bitcoin — a controversial sentiment which drew criticism from many other Bitcoin developers, pointing out that dev work undergoes review by a whole team of people and bringing it up to disparage Matt for making comments is the kind of toxic behavior that drives people away from Bitcoin. One of the lead Bitcoin Core maintainers announced shortly afterwards that they were stepping down from the role. Tesla sold 75% of its BTC holdings in the second quarter of 2022, worth $936M at time of sale. Microstrategy, the other public company to go big on buying BTC, held on to its Bitcoin but took an “impairment charge” of $918M. Michael Saylor, noted Bitcoin Maximalist meme-crafter, stepped down as CEO to “focus on buying bitcoin”, but remains in control of a majority of the company’s voting shares and as serving Chairman of the Board. The details of 1 billion Chinese residents have been stolen and made available on a dark web hacker forum. Binance CEO CZ was one of the first to tweet about it, stating that Binance threat security checks would be increased for the affected region, and speculating that the breach occurred because a developer leaked their keys in a blog post. This is a one more proof that the best way to protect user data is to not collect it in the first place. The Solana Foundation is opening an “embassy” in New York City — an Apple store type unit where people will be able to look at Solana NFTs and check out the forthcoming Solana phone. That’s all for July. Share your updates for the next issue in our #journal chat room. — About - This is issue 49 of Decred Journal. Index of all issues, mirrors, and translations is available here. Most information from third parties is relayed directly from the source after a minimal sanity check. The authors of the Decred Journal cannot verify all claims. Please beware of scams and do your own research. Credits (alphabetical order): writing, editing, publishing: bee, bochinchero, Exitus, jz, l1ndseymm, phoenixgreen, richardred, reviews and feedback: buck54321, title image: OfficialCryptos, funding: Decred stakeholders, Decred Journal — July 2022 was originally published in Decred on Medium, where people are continuing the conversation by highlighting and responding to this story.




Issue 53 — June 28 — August 16 2022

Issue 53 — June 28 — August 16 2022 - Image credit: @sænder Treasury balance: 809,345 DCR (approx +8,890 DCR/month) — $26.5 million (+$291K/month) based on $32.75 DCR price — New proposals - D.R.E.A.M. 2: Dream Harder Published 4 August by jy-p | edited 11 August | 28 comments This proposal presents a new look and messaging for decred.org, showcased on a staging server by @jholdstock. Some background: In September 2020 an RFP proposal was submitted by @richard-red and approved with 85% Yes votes — but none of the four candidate proposals which were submitted managed to reach the 60% approval threshold. The closest proposal to the threshold was D.R.E.A.M. by @jz with 48% approval and turnout of 11,686 votes (comfortably over the 20% quorum threshold). Following the failure of any of the messaging RFP candidates to pass in September 2020, @jy-p was not satisfied with how the RFP process went and, rather than repeat a similar process to revise the messaging now, has worked with @jz, @jholdstock and @saender to prepare a refreshed and simplified website for decred.org.Design work from saender cost 2,010 USD, site work from jholdstock cost 2,650 USD, messaging work from jz was done free of charge, and management from jy-p was also done free of charge. Following discussion in the comments a translation budget of $3,000 was added, and some tweaks were made to the prototype site in response to comments (like adding more links to dcrdata). Comments are all supportive of the proposal and make suggestions for changing the site in various ways. — Approved proposals - Decred Magazine Published 25 June by phoenixgreen | 12 comments Final voting figures: 87% Yes votes, 28% turnout of eligible tickets. Recap: This proposal requested a budget of $34,000 for one year of content production and aggregation on DecredMagazine.com. @phoenixgreen has collected content from a variety of Decred contributors and republished this with their permission on decredmagazine.com — along with a steady stream of new content produced for the magazine. @phoenixgreen takes the role of editor while @Applesaucesome and @OfficialCryptos are named as Official Contributors, social media users will recognise these long term and active community members who have not usually been paid for their efforts historically. The proposal sets out an expansion plan targeting the recruitment of more Official Contributors with various backgrounds. A content production schedule is provided which targets 2–4 items per week for one year covering Decred news, markets, development and broader topics. The proposal also sets out a plan for promoting each item of content across various channels. Contributors would be paid at a rate of $30/hr, and caps have been placed on the editor role (10 hr/week), as well as on a per article basis (4 hours for medium length piece, 8 hours for long). — Rejected Proposals - GoDCR: Golang Desktop and Mobile Wallets (2022–2023) Published 2 June by raedah | edited 15 June | 59 comments Final voting figures: 20% Yes votes, 57% turnout of eligible tickets. Recap: This proposal requested $250,000 to fund continued development of GoDCR for 12 months, and it would also cover maintenance of existing mobile wallet apps until GoDCR is ready to take their place. GoDCR is a wallet written in Golang which aims to deliver a more lightweight user experience than Decrediton, it uses Gio for the user interface and has been supporting Gio with $1,000/month sponsorship. The amount requested by this proposal was originally $300,000 but this was edited down, and the proposal notes that May and June 2022 work is being paid out of pocket by @raedah — a continuation of the self-funding arrangement for this work since the previous proposal was rejected with 49% support in Oct 2021. The major development features for this year are mobile GoDCR (20 weeks), DCRDEX integration (10 weeks), UI improvements (9 weeks) and coin control UTXO selection (6 weeks). Following the rejection of this proposal @raedah announced in the #planetdecred Matrix room that the room is closing and “Work on godcr is ending and we will be focusing on other non-decred work that is fundable and can get the team to break even on costs.” Decred Brazil — Marketing, Communication and Content Production 2022⁄2 Published 16 June by victorguedes | 18 comments Final voting figures: 19% Yes votes, 57% turnout of eligible tickets. Recap: This proposal requested a budget of $22,000 for social media content production, communications and events in Brazil, to cover 6 months of work over the second half of 2022. The leaders of this proposal are different to the previous Decred Brazil proposals, and acknowledge that the previous proposal, led by @emiliomann, did not deliver the expected results. @victorguedes, a long-term Decred developer, has been granted control of many accounts related to Decred Brazil, and is joined in the proposal by @jpsantanna, @edsondecre and @eric_vieira — together they have already begun to resurrect the accounts and Decred Brazil’s social media presence. Contributors to the project would be paid at one of 3 levels ($10/20/30 per hour), with an average rate of $17/hr being used to set a labor budget of $18,900 based on 15 hours per week, with additional funding for ads ($1,200) and event expenses ($1,500). The proposal sets targets for the number of Instagram, Twitter, Facebook and TikTok videos, along with a target number of events. — About this issue - Content for this edition was authored by @richardred with fixes from @bee. Image credit: @sænder Issue 53 — June 28 — August 16 2022 was originally published in Politeia Digest on Medium, where people are continuing the conversation by highlighting and responding to this story.




Decred Journal — June 2022

Decred Journal — June 2022 - Highlights for June: The Ethereum smart contract used in DCRDEX passed its first audit with great results., Politeia was busy with 3 proposals approved, 1 rejected and 3 new proposals submitted., First treasury spend transaction approved under the corrected spend policy (DCP-7)., DCR listed on 2 exchanges, Guardarian and BitPanda., Contents: · Development · dcrd · dcrwallet · Decrediton · Politeia · vspd · Lightning Network · DCRDEX · GoDCR · dcrdata · TinyDecred · Documentation · decred.org · Other · People · Governance · Network · Ecosystem · Outreach · Events · Media · Discussions · Markets · Relevant External · About — Development - The work reported below has the “merged to master” status unless noted otherwise. It means that the work is completed, reviewed, and integrated into the source code that advanced users can build and run, but is not yet available in release binaries for regular users. — dcrd - dcrd is a full node implementation that powers Decred’s peer-to-peer network around the world. Optimized cumulative work calculation using the new zero-allocation 256-bit integers package. The result is ~100 MiB less heap usage on average, and ~5% faster initial blockchain sync time., Support clean shutdown on more Unix variants and on Windows (triggered by events like user logging off, closing terminal window, or system shutdown)., Inverted order in which transactions are added to the mempool during a reorg to correct the calculation of transaction chain statistics under special circumstances. This change helps ensure miners maximize fees for large transaction chains across reorgs. There have been no problems with the old code so far because blocks aren’t full and reorgs are rare., Removed the spend journal pruning code that became unneeded with the removal of the address index., Explicitly reject standalone treasurybase transactions. As of the activation of DCP-6 every block is required to have a treasurybase transaction that pays the required subsidy to the Treasury. “Standalone” are unconfirmed transactions that are not part of a block. treasurybases do not make sense as standalone transactions because they are only valid when part of the block generation process. They have already been rejected implicitly and this change only makes it more explicit as a form of defensive coding in case future changes violate those implicit assumptions., Removed the policy that allowed low-fee/free transactions to get relayed and mined. It served its purpose in the past at the cost of some downsides. Now it is unneeded and users can bump the priority of “stuck” transactions using additional transactions (aka Child Pays For Parent — CPFP). Related --norelaypriority and --limitfreerelay CLI flags were deprecated., ~5 smaller improvement PRs., — dcrwallet - dcrwallet is a wallet server used by command-line and graphical wallet apps. Do not require deprecated V1 compact filters support when querying HTTPS seeder for nodes., — Decrediton - Decrediton is a full-featured desktop wallet app with integrated voting, StakeShuffle mixing, Lightning Network, DEX trading, and more. It runs with or without a full blockchain (SPV mode). Added revoked ticket hash to the Revocation transaction page., Fixed a possible never-ending loading button on the Treasury Spending tab., Fixed scrolling not working when UI animations were disabled., Extended automated tests to verify the recent fixes., — Politeia - Politeia is Decred’s proposal system. It is used to request funding from the Decred treasury. Backend: Updated and improved signal-handling logic in politeiavoter by supporting SIGTERM. On Windows, this will shutdown politeiavoter cleanly if the user logs off or if the system is shutting down., Improved identity logging in the dbutil tool., Improved error handling in the MySQL key-value store implementation., ~2 smaller improvement PRs., GUI: Support dropdown header customization., Fixed the submission of empty comments., Smaller optimizations and improvements., GUI migration to the new plugin architecture: Implemented generic listeners that can subscribe and react to actions and state changes in any plugins., Visual enhancements for proposals: handle censored/abandoned proposals, handle empty lists, make logo clickable., Implemented New Proposal page., Implemented default behavior for plugins to improve experience for developers of new plugins and Politeia-like apps., Implemented showing of proposal attachments., Improved UX and handing of proposal version diffing., Fixed navigating to external links., Fixed a link to Comments on proposals list., Fixed GUI theme not saving on page refresh., — vspd - vspd is server software for running a Voting Service Provider. A VSP votes on behalf of its users 24/7 and cannot steal funds. More refactoring to remove global vars to make the code more reusable., — Lightning Network - dcrlnd is Decred’s Lightning Network node software. LN enables instant and low-cost transactions. Added a new Initial Chain Sync RPC service that allows to track the progress of the initial chain sync process and is useful for clients that connect to a dcrlnd instance that is still in the early startup stage to provide better feedback to the user., Fixed the expected location of the peers.json file when running an embedded dcrwallet install in SPV mode., 4 commits with smaller improvements., — DCRDEX - DCRDEX is a non-custodial, privacy-respecting exchange for trustless trading, powered by atomic swaps. User-facing changes: Added support for mixed DCR accounts., Made cancel button change to spinner and report any errors in the form., Fixed order age display when server system clock is behind client’s., Allow users to switch between different host names of the same DEX server., Added a Send action that doesn’t subtract the fee from the amount, unlike the Withdraw action., Added SPV support for native (built-in) DCR wallets., Added support for Descriptor Wallets which became default in Bitcoin Core v23., Asset support progress: Added results of the first ETH smart contract audit performed by InterFi Network (mirrored in their repo). The audit concluded that Solidity code has “low risk severity” and “Decred DEX’s centralization risk correlated to the active owner is NULL”., Updated to latest Solidity compiler., Added support for Zcash (decoding blocks and transactions, signing inputs, tests)., Upgraded to Litecoin v0.21.2. Custom decoding of block and transaction data was added to support Litecoin’s new Extension Blocks and the MimbleWimble sidechain., Generalized load testing to support all markets., Internal, developer, and other changes: Fixed funds unlocking math for smaller lot sizes., Redesigned connection management to be more robust and have a nicer API., Print better version and compatibility info in dexcctl output., Added utility for running different combinations of client harness tests on simnet., Added metering where processing of new blocks will not be triggered more frequently than every 10 seconds. e.g. in Ethereum occasionally several blocks are generated in a single second., Reduced lock contention and fixed a memory leak in swap code., ~7 smaller fixes and improvements., ~9 bug fixes., — GoDCR - GoDCR is a lightweight desktop GUI wallet with integrated staking, privacy, Politeia voting, consensus voting, and more. Feature development: Allow to restore wallets from a hex private key. It also shows the private key hex code on the wallet backup page., When Privacy has been turned on, the auto ticket buyer will only allow to select a mixed account to fund ticket purchases. It also resets the config saved earlier to prevent accidental use of unmixed funds., Added fee asset selector to the DEX registration flow., Optimization for mobile devices: ~11 fixes and changes to enhance usability for mobile device layouts., ~11 more layout fixes for mobile screens., UI design updates: Started update to the ‘V2’ design. This adds the main app navigation and implements a wallet selection page., Updated wallet onboarding views to support multiple assets. When fully implemented, users could choose to create a Decred or Bitcoin wallet, and this will complement the DEX trading integration., New V2 layout and styling for the More tab., Updated the Security Tools page to V2 design., Internal changes: New string variables have been localized to facilitate translations to other languages., Bumped the gioui version., Refactored page and modal navigation to remove duplication and separate concerns., Added unit tests for the app package. Added running tests to GitHub workflow., Bug fixes: Fixed being unable to access watch-only wallet settings menu., Fixed a crash when deleting a watch-only wallet., Fixed a crash when opening the Governance page., Fixed unintended command prompt window appearing on Windows., Fixed buttons not working on the Governance tab. Fixed app crash due to division by zero., Fixed key event handling for the updated gioui package., Image: Improved mobile layout in GoDCR. — dcrdata - dcrdata is an explorer for Decred blockchain and off-chain data like Politeia proposals, markets, and more. Use Clipboard API on the UI., Removed experimental CockroachDB support., Fixed incorrect vote status display., Started the dev cycle for the dcrdata app v6.2 which will target Decred/dcrd v1.8. Bumped dcrdata module to v8 and made first breaking changes and refactoring., — TinyDecred - TinyDecred is a Python toolkit for integrating Decred. It includes an experimental light GUI wallet based on PyQt5. @buck54321 has shared an update on the second version of TinyDecred he’s been working since early 2021: There are working Bitcoin and Decred SPV wallets that can be imported and used in Python (or any other language with a C FFI)., A large portion of TinyWallet 2 is written in Go, combining the dcrwallet, btcwallet, and dcrlnd stuff behind a single C-shared interface., Since a bunch of wallet code moved to Go, using dcrwallet directly, it is now possible (with some minor modifications to dcrlnd) to use TinyWallet 2 on Lightning., TinyWallet 2 is designed to be available through any platform that supports web apps. This includes all major desktop and mobile platforms and browser extensions., To demonstrate the tech, TinyWallet has prototyped in-wallet private chat via Lightning, and a website that your wallet can interact with to guide the user into opening a Lightning channel and even finding others to add to their address book., TinyWallet 2 will have a DEX integration to trade DCR/BTC directly in the wallet., A lot of this is still work-in-progress but is quite exciting already. Read the full post in Matrix and join the #tinydecred chat to follow the development. — Documentation - dcrdocs is the source code for Decred user documentation. Added 1.7 consensus votes to Consensus Vote Archive. Also added versions and release dates of Decred software that implemented those consensus changes., Updates for the DCP-10: New numbers and graphs for the Issuance page, updated block reward values on the docs home page., Fixes for dark mode only images., Issuance page graphs changed to SVG since they scale better and are easier to modify if needed in the future., Updated CoinShuffle++ server name to mix.decred.org. Note that it also uses a new certificate., Image: Updated DCR issuance projection. — decred.org - dcrweb is the source code for the decred.org website. Added disclaimer to Exchanges page letting users know that only DCRDEX is self-custodial and will not request additional information., Removed Contributors page after multiple discussions reaching the general consensus that it had reflected reality poorly., Updated Hugo, nginx, and Lottie webplayer., Removed the outdated 1.6 Release page., Added GoDCR to the Wallets page., — Other - @degeri posted his last update for the Bug Bounty program. One vulnerability report has been disclosed — Android and iOS wallets were lacking screenshot protections and this has been fixed. Congrats to @trapp3rhat for joining the Hall of Fame!, — People - Community stats as of Jul 1 (compared to Jun 1): Twitter followers: 54,380 (-94), Reddit subscribers: 12,636 (+5), Matrix #general users: 689 (+12), Discord users: 2,326 (+21), Telegram users: 2,810 (-48), YouTube subscribers: 4,630 (+0), views: 210K (+1K), — Governance - In June the new treasury received 9,134 DCR worth $256K at June’s average rate of $28.06. 2,426 DCR was spent to pay contractors, worth $68K at June’s rate, or $100K at May’s billing rate of $41.46. With the activation of DCP-0007 it was once again possible to pay contractors from the new treasury using the proper stakeholder-approved method. This transaction hit the required voting threshold (with 4,822 Yes votes and 0 No votes) on June 27th, meaning the vote ended in 10 days versus the full possible 12 days due to being guaranteed to pass regardless of the remaining votes, and so the turnout among the ~14,400 tickets that had a chance to vote was ~33% (above the quorum of 20%). There were 23 outputs, suggesting roughly this number of contractors/intermediaries were paid in the month, amounts ranging from 2.87 DCR to 767 DCR. Check the May 2021 issue for a recap on how the new treasury works. As of July 3, combined balance of legacy and new treasury is 799,639 DCR (17.9 million USD at $22.39). Three new proposals were submitted in June: The Decred Brazil proposal requests a budget of $22,000 for social media content production and events in Brazil, it is being led by @victorguedes., The GoDCR proposal requests $250,000, edited down from $300,000 initially, to continue development of GoDCR for one year. GoDCR was funded initially by the treasury but a second request for $200,000 funding was rejected in Oct 2021 by stakeholders with 49% Yes votes and 73% turnout., Decred Magazine has requested $34,000 for a year of content production and aggregation on the new website DecredMagazine.com, led by @phoenixgreen., Voting was held for four proposals, three of which were approved and one failed to reach the quorum requirement: The proposal to fund Decred Journal and Politeia Digest was approved with 99% Yes votes and turnout of 56%., The proposal to fund Decred content and asset translations was approved with 99% Yes votes and turnout of 56%., The proposal to fund continuation of the Bug Bounty program was approved with 99% Yes votes and turnout of 56%., The proposal to fund university events in Uganda was rejected with 47% Yes votes and turnout of 6%., See May issue for a recap on voted proposals and Politeia Digest issue 52 for more details on June’s proposals. — Network - Hashrate: June’s hashrate opened at ~117 Ph/s and closed ~85 Ph/s, bottoming at 68 Ph/s and peaking at 132 Ph/s throughout the month.Image: Hashrate has somewhat stabilized around 100 Ph/s. Distribution of hashrate reported by the pools on Jul 1: Poolin 51%, ViaBTC 20%, F2Pool, 17%, AntPool 7%, BTC.com 4%, LuxorTech 1.2%, CoinMine 0.5%. Distribution of 1,000 blocks actually mined by Jul 1: Poolin 50%, ViaBTC 20%, BTC.com 5%, LuxorTech 1.3%, CoinMine 0.3%, unknown 24.1%. Staking: Ticket price varied between 216–235 DCR, with 30-day average at 223.7 DCR (+0.1). The locked amount was 8.97–9.17 million DCR, meaning that 62.9–64.2% of the circulating supply participated in Proof of Stake.Image: Staking participation crawling up. VSP: On Jul 1, ~7,150 (+250) live tickets were managed by listed vspd servers. Collectively the 16 VSPs managed 17.3% of the ticket pool (+0.5%). Top 3 gainers are stakey.com (+408, +19%), ultravsp.uk (+295, +101%), and stakeminer.com (+127, +23%). Nodes: Throughout June there were around 180 reachable nodes according to PD Analytics. Node versions captured by Decred Mapper on Jul 1 (118 total, dcrd only): v1.7.1–41%, v1.7.2–26%, v1.7.0–12%, v1.7.0 dev builds — 8%, v1.8.0 dev builds — 3.4%, v1.6 series — 6.8%, v1.5 series — 0.9%, v1.4 series — 2.5%. The share of mixed coins varied between 59.8–60.2%. Daily mixed amount varied between 160–455K DCR. Decred’s Lightning Network has seen 44 nodes (-1), 72 channels (-6) with a total capacity of 36.7 DCR (-4.8), as of Jul 1 (compared to Jun 1). — Ecosystem - Guardarian has announced that buying and selling DCR for fiat is possible on their platform. Supported fiat currencies are EUR, USD, and GBP, and they can be sent over payment processors like MasterCard, Visa, SWIFT, SEPA, and Faster Payments. Fiat payouts go directly to the user’s bank account, while purchased coins go directly to the user’s wallet. There is a minimum amount to buy (EUR 30) and the service fee (EUR 2.49) is added to exchanges. Guardarian is licensed in Estonia. Bitpanda announced that DCR is listed on their exchange and acknowledged its open governance and sustainable funding. Bitpanda is headquartered in Vienna, Austria. BisonPool revealed that it will be a custodial staking service allowing users to stake with less than a full ticket (recently around 220 DCR). The reveal came after teasing on Twitter demonstrating a ticket purchased from 3 parts around 80 DCR each. The announcement received some criticism in the Matrix #media room for the service’s custodial nature. BisonPool came to respond and explain their vision and strategy. JobsOnBlocks is a new job board for offering/requesting jobs to get paid in crypto. Site beta was launched in June and as of writing it supports 5 coins and has 3 jobs posted. The founder has dropped the announcement in our #trading chat, saying that DCR is supported since launch:you can post a job and choose dcr as a payment coin, added it just for the bison crew 😉 [@Toussaint] @jz posted a script for spinning up a Decred full node on popular systemd-based Linux distros with a simple curl -L node.dcr.pw | bash command. It is a good practice to not blindly run code from the Internet and read it before executing (the script is just 40 lines). VSP users may find these two tables useful for deciding which provider to use: one summarizing how legacy VSPs have been shutdown, and another showing how the VSP operators have been upgrading their servers (sooner is better). Luxor’s Decred mining pool shutdown was rumored on Reddit after one user received an email asking to withdraw all funds by Jun 10. Screenshot of the email had a notable factual error “DCR is going to PoS”. While Decred has reduced PoW miners’ block reward share from 60% to 10%, there is no intent or even a discussion to switch to pure PoS. As of Jul 9, there has been no official commentary from @LuxorTechTeam and their API still report the hashrate of 1.5 Ph/s (1.5% of network’s total 95 Ph/s) and 107 miners. Warning: the authors of the Decred Journal have no idea about the trustworthiness of any of the services above. Please do your own research before trusting your personal information or assets to any entity. Join our #ecosystem chat to follow Decred ecosystem updates. — Outreach - Monde PR’s achievements: Pitched Decred to 5 PR opportunities., Responded to 1 request for commentary., Secured 1 media interview., Secured the following news articles: A video interview with Invezz and @jy-p talking about Decred’s governance model, the hybrid PoW/PoS model, project treasury, privacy, future outlook and how we compare to Bitcoin., Invezz posted the story in 10 other languages including Dutch and Swedish., The story was also syndicated to three publications including Bitcoin Insider and Crypto News BTC., @jy-p appeared on the CoinJournal podcast talking about a range of topics including sovereign money, true decentralization, DEXs and privacy., CoinJournal posted the interview on its Norway and Finland sites., The interview was also syndicated to Bitcoin Insider., — Events - Attended: @arij signed a partnership with Moroccan JCI, which is the first branch of the global Junior Chamber International NGO in Africa and the Arab world. The partnership includes providing training to members of this organization and other companies, concerning blockchain and Decred tech., Upcoming: On October 6–7 Decred will be participating in Crypto Forum in Sao Paulo, Brazil., — Media - Decred Magazine has grown by 12 posts in June and continues serving as a mirror for Decred Journal and Politeia Digest with nice features like lightweight pages and working well without JavaScript. @phoenixgreen made 3 videos about Decred Magazine: Decred Magazine overview, Becoming a contributor, Privacy, translations and backups, Authors wanted! Contact @phoenixgreen in Matrix #writers chat or @DecredSociety on Twitter. Videos: Decred interview: Co-founder Jake Yocom-Piatt discusses alternate stores-of-value to Bitcoin by Dan Ashmore for Invezz, Changing the rules — Decred and the State of the Market with Dave Collins — Lead Developer by @Exitus and @phoenixgreen, DCRDATA growth and adoption charts by @phoenixgreen — also as a blog post, GoDCR: A new lightweight SPV wallet for Decred — Quick Overview by @Exitus, DCRDATA — Comparing on-chain data by @phoenixgreen — also as a blog post, Interview w/ Jake Yocom-Piatt: Sovereignty, privacy, Decred so far with Joe K.B. and Dan Ashmore for CoinJournal — also on Spotify, Art and fun: u/ersfbddfgwe created a music track as part of the Open Beats idea, which has a goal to provide community-made music that can be freely used for any Decred-related content, Translations: Decred Journal April 2022 was translated to Arabic (@arij) and Chinese (@Dominic). The May 2022 issue was also translated to Chinese (@Dominic). Thank you all!, — Discussions - Selected Reddit posts: Should we re-brand Decred DEX? by @buck54321. @bee has collected the 12 name ideas posted so far in one table. “QuackDEX” has a chance., The Weekly Contributions initiative had its Week 1, Week 2 and Week 3 with a few old-timers trying to bootstrap it with their submissions. Anything from running a full node to making a cool tweet thread or a meme counts, so don’t hesitate to participate!, Selected Twitter discussions: @jy-p commented on central banks painting themselves into a corner with FRS having to choose between allowing inflation or causing a recession, which presents a huge opportunity for crypto, although it’s not expected to be a smooth ride., Vitalik Buterin stealth-pushed “the 2013–15 era designs where you have interwoven PoW and PoS blocks” in response to Dan Robinson’s poll on changing Bitcoin, but refrained from mentioning any specific project implementing those designs, hopefully to build up anticipation and discussion among the audience., — Markets - In June DCR was trading between USD 20.00–41.19 / BTC 0.00102–0.00141. The average daily rate was $28.06. @Applesaucesome posted two biweekly market overviews with charts and commentary on crypto and the broader market.If we turn on both indicators we can find that there is strong confluence between the two. If you pair the 2-year MA Multiplier’s buy zones along with price action within the bottom most Mayer Multiple band you’ll find that you could’ve just stocked up hard in those areas and then waited out the bear market. Will this be the same? Only time will tell. Also, don’t be irresponsible with your money.Image: Combined 2Y MA Multiplier and Mayer Multiplier may signal buy zones. Or not. Trade wisely.Image: DCRDEX monthly traded volume in DCR. — Relevant External - The crypto markets saw a significant decline in June, and although this paralleled non-crypto market sell-offs more broadly the crypto space saw its own particular issues around the insolvency of centralized entities and fears of contagious bad debt which could wipe out influential players in the crypto markets. One of the major threads to this unwinding concerned Three Arrows Capital (3AC), a hedge fund which was heavily exposed to the collapse of LUNA and then began struggling to meet margin calls as the prices for crypto assets tanked — partially instigated by the selling of Terra Foundation’s BTC reserve to try and support the collapsing price of TerraUSD. The opacity of dealings between these centralized entities was highlighted by the behavior of 3AC’s founders, formerly very active social media users who reportedly ghosted everyone their fund owed money to for an extended period. Over the course of June it has been slowly revealed that many large industry players had placed money with 3AC (which in turn placed significant sums in Anchor protocol for 20% yield on TerraUSD) and now won’t expect to see much of this back. It is striking that such significant events for the crypto markets were mostly known about for some time through the on-chain investigations of interested parties sharing their findings on Twitter — and that the on-chain entities these parties were transacting with held up relatively well through market turbulence, behaving as expected and forecast by observers. On-chain investigations have also revealed things that market participants would have rather kept confidential, like the price at which their leveraged positions would be liquidated. It was seemingly forced selling of assets to meet margin calls on DeFi platforms which alerted the observers to 3AC’s issues. For the Solana chain lending service Solend, one particular whale’s liquidation price and the scale of their position (>95% of the pool’s deposits) was concerning enough that a vote was held to determine whether Solend Labs should be granted “emergency powers” to take control over this whale’s funds and liquidate their position OTC in a way which would not cause chaos for Solend users generally. Some DAO on DAO conflict occurred in the “play to earn” space, with Merit Circle previously voting to “refund” the investment of Yield Guild Games (YGG) in their tokens — at a price much lower than the current market price. This raised many questions about whether a DAO’s members could unilaterally vote to change the terms of a deal the DAO had entered into — complicated significantly by the confidentiality of the contract between the firms/DAOs. It seems that some members of the “DAOs” have hashed out a deal to bring this to a conclusion without a potentially complex and expensive legal intervention. For some months now concern has been growing in the Ethereum community about the level of ETH 2.0 staking which Lido Finance is responsible for (30% in April) — and the level of control over this mechanism which holders of the LDO token can exercise. In June a new governance proposal was introduced for LDO which would give stETH holders veto powers over some aspects of decision-making about the protocol. To use Lido one deposits ETH and receives stETH, which will be redeemable for ETH on the new chain some months after “the merge” occurs — so the staked ETH is illiquid, but one can sell the stETH. Loss of parity between ETH and stETH was a particular stressor for Celsius, which was reliant on parity between ETH/stETH for its products to work as intended. Celsius was one of the firms that has been implicated in the contagious bad debt situation, owing significant sums to depositors and freezing withdrawals due to inability to meet demand. The European Union has moved closer to finalizing its regulatory treatment of many aspects of crypto transactions. Many aspects of the regulation have been known for some time, but last minute negotiation was needed to determine thresholds for when a transfer between a CASP’s (Crypto Asset Service Providers) wallet and an “unhosted” wallet would need to verify the recipient’s identity. For transfers between CASPs they must verify each others’ control of addresses. When a customer requests withdrawal to an unhosted address they must state the identity, and when it is to their own wallet they must verify control of the address when the value of the transfer exceeds 1,000 Euros. Peer to peer transactions have no reporting requirements. Long established aspects of the regulation will see significant barriers to the issuance of stablecoins, including “algorithmic” stablecoins. The founder of Maker DAO (MKR), Rune, returned to the governance forum this month, bringing with him some radical plans to shake up Maker’s governance in the form of an “Endgame Plan”. Rune had been absent from the scene since the Foundation was dissolved, and he has returned just as the people who were filling the voids he left in Maker’s governance in various ways were bringing their own proposals for how things should work to the Maker stakeholders. Three proposals which had been under discussion for some time met resistance in their formal votes as participation rates for MKR voting set a new all time high, with a maximum of 33% voting in the LOVE-001 proposal — a proposal which would have introduced an “oversight Core Unit”, and was defeated with 60% No votes. The three big proposals to change how Maker DAO functions were all defeated, with significant late stage redelegation of votes and the reappearance of another co-founder who had fallen out with the project long ago but retained a large voting stake and came back to vote No on everything, dropping an expletive-filled tirade against the community’s decision to turn off the buy-back and burn mechanism. That’s all for June. Share your updates for the next issue in our #journal chat room. — About - This is issue 48 of Decred Journal. Index of all issues, mirrors, and translations is available here. Most information from third parties is relayed directly from the source after a minimal sanity check. The authors of the Decred Journal cannot verify all claims. Please beware of scams and do your own research. Credits (alphabetical order): writing and editing: bee, bochinchero, Exitus, l1ndseymm, richardred, reviews and feedback: davecgh, buck54321, funding: Decred stakeholders, Decred Journal — June 2022 was originally published in Decred on Medium, where people are continuing the conversation by highlighting and responding to this story.




Issue 52 — May 31 — June 27 2022

Issue 52 — May 31 — June 27 2022 - Treasury balance: 800,324 DCR (approx +9,069 DCR/month) — $20 million (+$200K/month) based on $24.97 DCR price — New proposals - GoDCR: Golang Desktop and Mobile Wallets (2022–2023) Published 2 June by raedah | edited 15 June | 54 comments This proposal requests $250,000 to fund continued development of GoDCR for 12 months, and it will also cover maintenance of existing mobile wallet apps until GoDCR is ready to take their place. GoDCR is a wallet written in Golang which aims to deliver a more lightweight user experience than Decrediton, it uses Gio for the user interface has been supporting Gio with $1,000/month sponsorship. The amount requested by this proposal was originally $300,000 but this was edited down, and the proposal notes that May and June 2022 work is being paid out of pocket by @raedah — a continuation of the self-funding arrangement for this work since the previous proposal was rejected with 49% support in Oct 2021. The major development features for this year are mobile GoDCR (20 weeks), DCRDEX integration (10 weeks), UI improvements (9 weeks) and coin control UTXO selection (6 weeks). The comments on the proposal from most community members are supportive, but quite an in depth discussion took place about the pricing of the proposal where @davecgh argued that it was too expensive for the level and amount of work involved. There was also a comment from the Gio maintainer expressing their appreciation for what has been their main source of sponsorship funding (also funded out of pocked by @raedah after the last GoDCR proposal was rejected). Decred Brazil — Marketing, Communication and Content Production 2022/2 Published 16 June by victorguedes | 15 comments This proposal requests a budget of $22,000 for social media content production, communications and events in Brazil, to cover 6 months of work over the second half of 2022. The leaders of this proposal are different to the previous Decred Brazil proposals, and acknowledge that the previous proposal, led by @emiliomann, did not deliver the expected results. @victorguedes, a long-term Decred developer, has been granted control of many accounts related to Decred Brazil, and is joined in the proposal by @jpsantanna, @edsondecre and @eric_vieira — together they have already begun to resurrect the accounts and Decred Brazil’s social media presence. Contributors to the project would be paid at one of 3 levels ($10/20/30 per hour), with an average rate of $17/hr being used to set a labor budget of $18,900 based on 15 hours per week, with additional funding for ads ($1,200) and event expenses ($1,500). The proposal sets targets for the number of Instagram, Twitter, Facebook and TikTok videos, along with a target number of events. All of the commenters are supportive of the proposal except for one who objects to “paying people to tweet and post on facebook”. Decred Magazine Published 25 June by phoenixgreen | 9 comments This proposal requests a budget of $34,000 for one year of content production and aggregation on DecredMagazine.com. @phoenixgreen has collected content from a variety of Decred contributors and republished this with their permission on decredmagazine.com — along with a steady stream of new content produced for the magazine. @phoenixgreen takes the role of editor with @Applesaucesome and @OfficialCryptos are named as Official Contributors, social media users will recognise these long term and active community members who have not usually been paid for their efforts historically. The proposal sets out an expansion plan targeting the recruitment of more Official Contributors with various backgrounds. A content production schedule is provided which targets 2–4 items per week for one year covering Decred news, markets, development and broader topics. The proposal also sets out a plan for promoting each item of content across various channels. Contributors would be paid at a rate of $30/hr, and caps have been placed on the editor role (10 hr/week), as well as on a per article basis (4 hours for medium length piece, 8 hours for long). All of the comments from community members so far are positive about this proposal. — Approved proposals - Decred Journal and Politeia Digest 2022 Published 21 May by exitus | edited 21 May | 8 comments (+2) Final voting figures: 99.6% Yes votes, 56% turnout of eligible tickets. Recap: The Decred Journal team are back with a new proposal. After the old proposal ended at the end of 2021 the Decred Journal and Politeia Digest have been unfunded for five months, and inactive for most of that time. @exitus has bee instrumental in the return of the Decred Journal for an (unfunded) April issue, and now this proposal. The proposal requests funding of $33,000, which would cover 9 months of the Journal at max $3,000/month, and also 9 months of Politeia Digest at max $550/month. There is an additional $1,000 set aside to pay the contributors for unfunded work to complete December 2021. Decred Bug Bounty Program: Phase 5 Published 22 May by jholdstock | edited 29 May | 11 comments (+6) Final voting figures: 99.2% Yes votes, 56% turnout of eligible tickets. Recap: This proposal requested a maximum budget of $105,000 to fund 18 more months of the Bug Bounty program (formerly administered by @degeri). The budget is split into operating costs ($5,000) and reward payments ($100,000). Since the program started in Jany 2019 over 200 bug reports have been processed and 21 security vulnerabilities have been fixed as a result. A total of $10,154 has been paid to reporters since the program started, and operating costs for the previous year were $2,087.50. @degeri left a comment to say they need to focus on IRL matters after the current proposal ends and therefore wish to pass responsibility on to @jholdstock. Decred Content and Asset Translation Proposal (Phase 3) Published 27 May by kozel | 7 comments (+6) Final voting figures: 98.8% Yes votes, 56% turnout of eligible tickets. Recap: This proposal requested funding of $20,000 to continue covering the same translation tasks as previous phases, with the same team, throughout 2022. The remit covers Decred Journal, the decred.org site, articles/video content and software text. The proposal reports that the previous phase was completed under budget (costs were $8,180 against a budget of $33,000). — Rejected Proposals - Decred Uni Events Published 25 May by juliana | edited 28 May | 27 comments (+25) Final voting figures: 47% Yes votes, 6% turnout of eligible tickets. The proposal did not reach quorum. Recap: This proposal requested a budget of $3,575 to run three events at Universities in Uganda in summer of 2022, with an expectation that 30 people would attend each event. After being questioned about whether they have organised this kind of event before in #proposals, an event in 2019 organised by one of the proposal team was referenced. — About this issue - Content for this edition was authored by @richardred with fixes from @bee. Image credit: @sænder Issue 52 — May 31 — June 27 2022 was originally published in Politeia Digest on Medium, where people are continuing the conversation by highlighting and responding to this story.




Decred Journal — May 2022

Decred Journal — May 2022 - Image: Point Integral by @saender May was quite an epic month for Decred: The four consensus changes (DCP0007–10) recently approved by voters have activated on mainnet., There have been two interim bug fixing releases of the main software, v1.7.2 and v1.7.3., GoDCR v1.7.0 has been released, the first version which is intended for mainnet use — and a new proposal for funding has been published., Decred Magazine launched, it is a new platform for hosting and sharing Decred news and other content spearheaded by @phoenixgreen., All of the old failed tickets which didn’t get revoked by their owners have now been revoked thanks to the activation of DCP-0009., Four new proposals have been published on Politeia., Contents: · Four Consensus Changes Activated · Core Software v1.7.2 and v1.7.3 Released · GoDCR v1.7.0 Released · Android and iOS Wallets v1.7.0 Released · Development · People · Governance · Network · Ecosystem · Outreach · Events · Media · Discussions · Markets · Relevant External · About — Four Consensus Changes Activated - All four consensus upgrades added in v1.7 and approved by the stakeholders have activated on May 8, in block 657,280: DCP-0007 — the algorithm that determines the maximum monthly spend from the new treasury was fixed, and should no longer interfere with making monthly payments to contractors., DCP-0008 — nodes now reject newer transaction versions they can’t handle, and explicit consensus upgrades are now required to define and allow newer versions. It will be easier and less error-prone for all actors in the Decred ecosystem to integrate with future consensus changes. Some engineers would even say that fully-validating nodes rejecting data they cannot fully validate is the only sensible way to operate. With this upgrade, Decred doubles down on hard forks as the most secure and reliable way to upgrade consensus, “because we can”., DCP-0009 — miners now revoke missed and expired tickets automatically. This removes a big user frustration of dealing with revocations, and especially the pain of lost (not backed up) redeem scripts. Wallet code and GUIs become simpler, staking becomes easier., DCP-0010–50% of each block’s reward is redirected from PoW miners to PoS voters, changing the split from 60/30/10 to 10/80/10 for PoW/PoS/treasury. This will hopefully rebalance the supply and demand of DCR and reduce the ability of malicious actors to manipulate the markets. As a byproduct, higher PoS rewards make it more attractive to stake DCR. This was the most debated proposal so far, but stakeholders said Yes and after around 6 months it is live., This is perhaps the biggest consensus upgrade in Decred’s history. — Core Software v1.7.2 and v1.7.3 Released - dcrd and dcrwallet v1.7.2 were released on May 11 — the latest version as of writing. dcrd got a fix for a rare and hard to hit case when optional indexing is enabled. dcrwallet received a fix for verifymessage, enabled change of public wallet passphrase, and some internal/developer changes. Release notes. Decrediton v1.7.2 added support for voting on treasury spends, more information in VSP staking, updated DEX module, and several bug fixes. v1.7.3 has followed on May 18 with fixes for macOS 10.15 and setting treasury spending vote choices. Release notes. Verify the downloads to make sure they have not been modified. The files are signed with Decred Release subkey ending with 6D897EDF518A031D (primary key ends with 6DF634AA7608AF04). — GoDCR v1.7.0 Released - The debut Mainnet release of GoDCR was announced on May 23 after almost 8 months of development since the v0.9.0 Testnet release. The following features are supported: Basic wallet send/receive, Staking (with automatic ticket buying), Wallet privacy via StakeShuffle, Proposal voting, Consensus rule change voting, Message signing, Wallet restores, Running on Linux, macOS, Windows, and FreeBSD, Download it here and verify the signature from release@planetdecred.org (key ends with A3C9EB3218CCC3E8). This is just the start for GoDCR. Up next is DEX trading, coin selection, treasury spend voting, and the ambitious goal of building desktop and mobile apps from one unified codebase. Check the proposal seeking to fund this work in 2022–2023.Image: GoDCR overview showing the summary of each subsystem. — Android and iOS Wallets v1.7.0 Released - Android and iOS wallets v1.7.0 were released on May 11. Changes since v1.6.1 include: Updated Decred modules to v1.7.0, Updated certificate of the mixing server, Manual privacy setup improvements, Bug fixes and other minor improvements, Mainnet iOS app is available on the App Store and the testnet version on TestFlight. Android app is available on Google Play Store. For advanced users there is a new APK download signed by Planet Decred Release key. — Development - The work reported below has the “merged to master” status unless noted otherwise. It means that the work is completed, reviewed, and integrated into the source code that advanced users can build and run, but is not yet available in release binaries for regular users. dcrd dcrd is a full node implementation that powers Decred’s peer-to-peer network around the world. The general direction in May was to further leverage the consensus changes that activated recently, by adding optimizations and removing unneeded code. Optimized stake node pruning by using block headers instead of checkpoints (reducing dependency on the latter). Header-based sync operations are more efficient and pave the way to multi-peer block downloads., Retroactively fixed revocation fee limit bug that allowed one party to increase the fee paid to miners for another party in split transactions. This has never been exploited on mainnet and can not be exploited since the automatic revocations agenda has activated., Reworked old block rejection logic to replace the use of checkpoints with the assumevalid block (hard-coded in each release). Semantics have been clarified to reflect that “checkpoints” are now only used for handling old forks and are no longer used for optimizations (that now rely on other methods). The --nocheckpoints CLI option has been replaced with --allowoldforks. With this change, the role of checkpoints is reduced to a minimum, which is desirable since they are a kind of a workaround., Removed the deprecated address index along with the associated CLI flags (--addrindex and --dropaddrindex) and searchrawtransactions JSON-RPC. Address index was a lot of overhead from a development perspective to maintain, it wasn’t used by anything of note, and it didn’t really easily provide what most people want from addresses anyway, which is a full balance as opposed to all of the individual transactions. All of the information it provided, and more, is available via dcrdata., Added a function to make basic transaction sanity checks to the blockchain/standalone module, which is nice for consumers (e.g. DCRDEX) since this module has very few dependencies., Implemented header proof storage along with a one-way database upgrade. This will avoid recalculating commitment hashes by storing/loading them from disk. The concept of “block header commitments” sounds scary, but it is a powerful piece of tech worth learning about. It was described well in the proposal, but in short, these commitments are tiny fingerprints of blockchain data which allow to build fast and secure lightweight apps. Currently there is only one type of commitment — the “compact block filters” that allow light wallets to find users’ transactions quickly and securely. More commitments for other use cases may be added in the future., Made blockchain package internal and not exported. This is part of a continuing overall effort to reduce the total number of exported packages and modules to reduce the maintenance burden, and eventually get to the point it will be possible to follow semantic versioning for the root module., Continued code cleanup enabled by the recent consensus changes., dcrwallet Released with the v1.7.2 patch: Fixed verification of signed messages., Added walletpubpassphrasechange to JSON-RPC methods. It allows to change wallet’s public passphrase., Added VSP host to the returned ticket information, enabling wallet apps to know which VSP the ticket is managed by., Removed all ticket revoking functionality. Now that revocations are created automatically there is no need for wallets to handle it., Merged in master: Compatibility updates to the latest dcrd changes regarding missed and expired tickets., Fixed an error in the getstakeinfo command (caused by changes regarding expired tickets)., Decrediton Decrediton is a full-featured desktop wallet app with integrated voting, StakeShuffle mixing, Lightning Network, DEX trading, and more. It runs with or without a full blockchain (SPV mode). Merged and released with May’s v1.7.2 and v1.7.3 patches: Users can now fetch the VSP fee transaction hash and fee status in transaction details. If the received fee transaction shows confirmed status for an unspent ticket but the dcrwallet thinks it’s not yet confirmed, the app processes and updates the status in the background., Improvements made to Ticket Status and Ticket History views. Now the tabs remember their scroll positions after coming back from the transaction details page. Rows are loaded gradually using the infinite scroll functionality., Removed revoke tickets functionality. Now that revocations are created automatically there is no need for wallets to handle it., Electron (the framework Decredtion is built on) has been bumped to v17.4.2 to fix an issue that prevented dcrwallet/dcrd from launching on macOS 10.15 (Catalina)., ~7 bug fixes, Image: Decrediton showing additional VSP info for each ticket. Politeia Politeia is Decred’s proposal system. It is used to request funding from the Decred treasury. Backend changes: tlog client now has its own package in politeiad (required for importing legacy proposals)., Trillian version updated to 1.4.1., Fixed minimum proposal start date bug., Fixed CSRF error check., Fixed error messages related to start and end dates., Comments plugin fsck function rewritten to fix several bugs. “fsck” is short for “file system check” and is responsible for verifying data integrity and rebuilding the caches., GUI changes: Fixed the comment form component by replacing formik with ` react-hook-form`., Reimplemented home page Sidebar, External Link modal, and Navbar in the new GUI plugin architecture., Fixed several bugs related to proposal start/end dates., Changes in the pi-ui library (common UI elements for Politeia and Decrediton): Support keyboard navigation in the DatePicker widget., Added info icon with a tooltip to the text input field., vspd vspd is server software for running a Voting Service Provider. A VSP votes on behalf of its users 24/7 and cannot steal funds. 12 commits representing various code optimizations and refactoring., dcrlnlpd dcrlnlpd stands for “DCR LN Liquidity Provider Daemon”. Meet the the newest project in Decred’s LN ecosystem:This service allows running a Lightning Network Liquidity Provider in the Decred network.This LP allows remote clients to request the node associated to the LP to open an LN channel back to the requesting client. This allows the requesting client to have some inbound bandwidth to receive LN payments.To create the channel, the LP charges some amount, specified as a percentage of the desired channel size. [README file] DCRDEX DCRDEX is a non-custodial exchange for trustless trading, powered by atomic swaps. User-facing changes: Added support for accelerating BTC transactions using the Child Pays For Parent fee bumping technique. Orders page will show a button if the order is able to be accelerated. When clicking the button, a popup shows up which allows the user to choose a higher fee., A button has been added to the Wallets page to recreate the BTC SPV wallet, as there are still many ways in which it could get corrupted., Support updating server’s TLS certificate with one supplied by the user., Internal and developer changes: Allow harness testing on testnet for the ETH client., Simnet harness tests generalized to work with all currently supported assets., Implemented stage 3 of the signature message truncation fix. It is tricky to fix a bug when it is “deployed” on many co-dependent servers and clients, but the devs have a smart 4-stage plan for it., Switched to Bitcoin Cash testnet4 now that it is first class in bchd. Also, added a custom encoder for BCH’s CashAddr addresses., Added methods for calculating the median fee of the most recent block(s) in BTC/DOGE/LTC/BCH. Implemented a cache to prevent repeated scans between blocks, and a fallback if there is not enough data to estimate the fee., Updates to newer modules from btcsuite and go-ethereum., Dependency updates to build with Node.js 18., Encoding now allows for transaction data longer than 65,535 bytes., Generic wait and retry function reworked to gradually “taper off” (slow down) after a few initial frequent attempts., Various bug fixes, dependency upgrades, and optimizations., While working on DCRDEX the developers have made various contributions to upstream projects: btcd, btcwallet, go-ethereum, neutrino, zcash, and others. Dev team has started a discussion on renaming DCRDEX and are accepting name and logo ideas.Probably found a vendor to perform an audit of our Solidity atomic swap contracts. Notably, our contracts are so simple, we’re under their minimum order size. That’s what happens when you’re not trying to extract trading fees and there’s no admin functionality. [@blockchainbuck]Image: DCRDEX allows to accelerate swaps when the network is busy but you want that trade ASAP. Decred Wallet (iOS) GitHub build workflow added to ensure dcrios builds without any errors., Updated automated UI tests., GoDCR GoDCR is a lightweight desktop GUI wallet with integrated staking, privacy, Politeia voting, consensus voting, and more. Default account is now filtered out when privacy is enabled., All signed messages can be verified, the restriction to just personal wallet addresses has been removed., Redirect modals added to debug page (sending to docs.decred.org) and transaction details page (sending to the block explorer)., Reworked key event handling to be less error-prone and more efficient., Option to import watch-only wallet added to the splash screen., Privacy is enabled by default when a new wallet is created., Gio updated to latest stable version., A bottom navigation bar has replaced the side bar on screen-sizes below 479px (mobile devices)., Fixes to wallet crashes and proposal titles., Bug fixed where incorrect locked balance was displayed in the Staking tab., Fixed builds on Android and FreeBSD., ~6 other bug fixes and some optimizations., Android and iOS builds of GoDCR already function in some capacity, although there remains a lot of work to polish the mobile/touch UX.Image: First look of GoDCR running on an emulated mobile OS. dcrdata dcrdata is an explorer for Decred blockchain and off-chain data like Politeia proposals, markets, and more. Updated dependencies to build with Node.js 16 and 18., decred.org dcrweb is the source code for the decred.org website. Updated chat room links., Added PoW/PoS reward consensus change press release., Removed defunct exchanges., Other dcrseeder: DNS seeding was finally removed, and a small fix to prune dead peers more aggressively., — People - Welcome to new first-time contributors with code merged to master in January-March: arjundashrath (dcrd), liukun (dcrd), monsa00 (godcr), ukane-philemon (dcrdata, dcrdex, vspd), We had no Decred Journal for these months but it’s never too late to greet new contributors. Welcome onboard guys! Community stats as of Jun 1 (compared to May 2): Twitter followers: 54,474 (-388), Reddit subscribers: 12,631 (+10), Matrix #general users: 677 (+15), Discord users: 2,305 (+12), Telegram users: 2,858 (+30), YouTube subscribers: ~4,630 (-9), views: 209K (+2K), See June 2022 report on Decred SM performance for a more in-depth look at Feb vs Jun numbers. — Governance - In May the new treasury received 9,407 DCR worth $390K at this month’s average rate of $41.46. 2,950 DCR was spent from the legacy treasury to pay contractors, worth $122K at May’s rate, or $179K at April’s billing rate of $60.62. These payments were to cover both March and April’s contractor invoices. As of Jun 12, combined balance of legacy and new treasury is 795,673 DCR ($23.9 million USD at $30.09). A new proposal was submitted by Raedah Group to fund GoDCR, the desktop GUI wallet built in pure Go which will also replace existing mobile wallets as development continues. This proposal requests $250K for 12 months of funding, a greater amount than the previous proposal which was narrowly rejected in October 2021. The extra budget is due to larger number of workers, a longer duration and covering the maintenance of existing Android/iOS wallets. The budget was reduced from the initial $300K in response to some comments. Four proposals were published on Politeia in May: The proposal from @Exitus to fund Decred Journal and Politeia Digest until December 2022. DJ was inactive for 3 months since @bee announced the halt, until @Exitus took over the lead of the April issue and eventually a full new proposal. A detailed report on the 2021 proposal’s deliverables and finances was published here, with key stats being $24,800 spent out of $39,000 to release 12 issues of DJ and 10 issues of PD. The new budget is capped at $33,000., The proposal from @kozel to fund Decred content and asset translations throughout 2022. A report on Phase 2 informed that only $8,180 out of $33,000 was spent, so Phase 3 will have a lower limit of $20,000., The proposal to fund continuation of the Bug Bounty program until December 2023. For the last 12 months the operating costs were ~$2,100 and ~$1,000 were paid as bounty rewards. The new proposal has duration increased from 12 to 18 months, the budget is split between $5,000 for operating costs and up to $100,000 for reward payments. The leadership was transferred from @degeri to @jholdstock., The proposal from @juliana requested $3,575 to run 3 events at universities in Uganda in 2022, with 30 people expected at each event., See Politeia Digest issue 51 to catch up on proposal activity between January and May. — Network - Hashrate: May’s hashrate opened at ~345 Ph/s and closed ~115 Ph/s, bottoming at 74 Ph/s and peaking at 381 Ph/s throughout the month.Image: Anticipated hashrate drop after the mining reward reduction. Distribution of hashrate reported by the pools on Jun 1: Poolin 55%, ViaBTC 21%, F2Pool 7%, AntPool 7%, Luxor 5%, BTC.com 4%, CoinMine 0.3%. Distribution of 1,000 blocks actually mined before Jun 1: Poolin 55%, ViaBTC 20%, F2Pool 8%, DsV1GF7 6.5%, BTC.com 6%, Luxor 4%, CoinMin2 0.2%, DsmLNFC 0.1%. Staking: Ticket price varied between 217–231 DCR, with 30-day average at 223.6 DCR (+9.4). The locked amount was 8.78–9.07 million DCR, meaning that 62.6–63.9% of the circulating supply participated in Proof of Stake. Both DCR and percentage values are the new ATHs for Decred. All missed and expired tickets have been revoked, unlocking a total 175,957 DCR from 1,719 tickets (average price 103 DCR per ticket). ~45K of that DCR have moved already, while the remaining ~131K DCR are likely lost due to lost seeds and other reasons. One of the revoked tickets was from an old block 767, around the time when first complaints about the high ticket price appeared. All new missed votes are revoked automatically, the first one revoked in block 657295. VSP: On Jun 1, ~6,900 (+120) live tickets were managed by 16 listed vspd servers, or 16.8% of the ticket pool (+0.2%). Legacy (dcrstakepool) tickets can no longer be voted since May 8 when the chain forked to the new rules. Unlike all other shutdown/stalled legacy VSPs, on Jun 1 coinmine.pl and decredbrasil.com reported that they’re on a current block height and collectively hold 19 live tickets. We are not sure how this is possible and these tickets are not included in the above stats. Nodes: Throughout May there were around ~185 reachable nodes according to PD Analytics. Node versions as of Jun 1 snapshot (160 total, dcrd only): v1.7.1–41%, v1.7.2–20%, v1.7.0–12%, v1.7.0 dev builds — 9%, v1.8.0 dev builds — 4%, v1.6.x — 6%, v1.5.x — 4%.Image: Mixed and unspent % crawling up. — Ecosystem - big.decred.energy VSP from @DCR_Uncle is now available on the VSP list with a 1% fee., A second instance of Decred Lightning Network Visualizer was discovered at decred.lighting, running same code as ln-map.jholdstock.uk., Warning: the authors of the Decred Journal have no idea about the trustworthiness of any of the services above. Please do your own research before trusting your personal information or assets to any entity. — Outreach - Monde PR’s achievements: Pitched 2 news updates to crypto and finance media., Pitched 1 newsjack., Responded to 3 requests for comments., Secured 2 media interviews., Secured the following news articles: Decred’s shift to a majority PoS consensus model was covered by Invezz, featuring commentary from @jy-p. Invezz posted the story in 9 other languages including French and Italian. The story was syndicated to 4 publications including Bitcoin Insider and Crypto News., The GoDCR release was covered by CryptoNinjas and E-Crypto News. The CryptoNinjas article was syndicated to 3 publications including BitcoinEthereumNews and Global Online Money., — Events - Attended: @arij and @khalidesi hosted a Decred booth during the two days of EMEC EXPO (International Exhibition of Digital Transformation) in Casablanca, Morocco, and answered many questions about how Decred works and what problems it solves., Edson Neto talked about Decred at Bitconf in Sao Paulo, Brazil., Upcoming: Jun 30 — Decred Social Meetup in Chicago, USA. There will be at least one Decred Jacket, sources say., Image: Edson Neto presenting at Bitconf. — Media - Decred Magazine has been launched by @phoenixgreen to collect all Decred content in one place, give new writers a platform, and archive great past content (Decred Journal included). The latter is valuable since websites and blogs commonly “evaporate” their content over time and it becomes hard or impossible to recover. As of writing, around 300 posts have been imported and 8 authors have explicitly agreed to add their content. Decred Magazine is intended as a replacement for decredsociety.com launched earlier as a pilot project. Selected articles: Decred Lightning node setup guide by @DCR_Uncle, The biggest blockchain consensus vote in history goes live! by @phoenixgreen, The PoW rebellion by @phoenixgreen, Videos: Peer to Peer Exchange — Decred and the state of the market by @phoenixgreen and @Exitus, Decred Monthly Recap — 2.66x increase in staking rewards, dev updates, big hard-fork inbound! by @Exitus and @DajanaDcr, DCRDATA Looking into a block — Decred Fundamentals by @phoenixgreen — also as a blog post, DCRDATA Proof of Work charts — Decred Fundamentals by @phoenixgreen — also as a blog post, DCRDATA Proof of Stake charts — Decred Fundamentals by @phoenixgreen — also as a blog post, This miner is QUIET, PROFITABLE, and BROKEN WTF?! (DR5 Miner and Subsidy Change) by @VoskCoin, Decred staking rewards just increased 2.6x! Let’s spread the word! (TikTok) by @DajanaDcr and @Exitus, Decred code history visualized by @karamble, Audio: Videos by @phoenixgreen (aka Decred Society) are also available in the podcast format on anchor.fm., — Discussions - Selected Reddit posts: Weekly Contribution Streaks is a new weekly activity from u/ersfbddfgwe that seeks to break the common mental barrier “I can’t contribute anything because I’m not a developer :(“. The “rules” are simple: just show up and write about anything you did, big or small, with an optional DCR address for tips. There is an ongoing discussion about how to better rank and reward contributions., In Decred Mining Thread miners have been sharing the challenges of mining DCR after their block reward share was reduced from 60% to 10%., Selected Twitter discussions: Implementing SPV trading wallets for the DCRDEX. What it means and why the devs are focused on SPV. — by @buck54321, Implementing a custom workflow for creating Ethereum ERC-20 wallets. What tokens should we do and why? — by @buck54321, — Markets - In May DCR was trading between USD 30.00–58.68 / BTC 0.00103–0.00190. The average daily rate was $41.46. @Applesaucesome is posting technical analysis of DCR, crypto, and the broader market on the new Decred Magazine website, about once a week. In May, DCRDEX has facilitated the trading of ~74K DCR, equivalent of ~3M USD. — Relevant External - Insider trading in the crypto space is increasingly in the spotlight. The Wall Street Journal featured an article about suspected insider trading around exchange listings on Binance, Coinbase and FTX. The analysis was conducted by Argus Inc based on public blockchain records. The former OpenSea product manager Nathaniel Chastain, who lost their job over profiting from the listing of NFTs on the OpenSea front page in September, has now been arrested and charged with insider trading by prosecutors in New York’s Southern District. Although the NFTs in question are not the usual securities which insider trading laws apply to, the DA is alleging that Chastain injured his employer (OpenSea) by misappropriating information. Actor Seth Green lost his Bored Ape NFT in a phishing incident, made even more consequential by the fact that the ape had been set to star in a new show he was developing, White Horse Tavern. In June Green paid a $260,000 ransom to secure the return of the ape, so that the show could go on (without raising a lot of copyright questions over whether the stolen ape’s image could be used). That’s all for May. Share your updates for the next issue in our #journal chat room. — About - This is issue 47 of Decred Journal. Index of all issues, mirrors, and translations is available here. Most information from third parties is relayed directly from the source after a minimal sanity check. The authors of the Decred Journal cannot verify all claims. Please beware of scams and do your own research. Credits (alphabetical order): writing and editing: bee, bochinchero, Exitus, l1ndseymm, richardred, reviews and feedback: davecgh, matheusd, phoenixgreen, title image: saender, funding: Decred stakeholders, Decred Journal — May 2022 was originally published in Decred on Medium, where people are continuing the conversation by highlighting and responding to this story.




Issue 51 — Jan 11 — May 30 2022

Issue 51 — Jan 11 — May 30 2022 - Image credit: @sænder Treasury balance: 791,623 DCR (approx +9,160 DCR/month) — $28.8 million (+$333K/month) based on $36.40 DCR price — New proposals - Decred Journal and Politeia Digest 2022 Published 21 May by exitus | 6 comments The Decred Journal team are back with a new proposal. After the old proposal ended at the end of 2021 the Decred Journal and Politeia Digest have been unfunded for five months, and inactive for most of that time. @exitus has bee instrumental in the return of the Decred Journal for an (unfunded) April issue, and now this proposal. The proposal requests funding of $33,000, which would cover 9 months of the Journal at max $3,000/month, and also 9 months of Politeia Digest at max $550/month — there is an additional $1,000 set aside to pay the contributors to the April 2022 Journal issue. The comments on the proposal are all happy to see the return of the Journal. Decred Bug Bounty Program: Phase 5 Published 22 May by jholdstock | 5 comments This proposal requests a maximum budget of $105,000 to fund 18 more months of the Bug Bounty program (formerly administered by @degeri). The budget is split into operating costs ($5,000) and reward payments ($100,000). Since the program started in Jany 2019 over 200 bug reports have been processed and 21 security vulnerabilities have been fixed as a result. A total of $10,154 has been paid to reporters since the program started, and operating costs for the previous year were $2,087.50. @degeri left a comment to say they need to focus on IRL matters after the current proposal ends and therefore wish to pass responsibility on to @jholdstock. All of the comments are supportive of the proposal. Decred Uni Events Published 25 May by juliana | edited 28 May | 2 comments This proposal requests a budget of $3,575 to run three events at Universities in Uganda in summer of 2022, with an expectation that 30 people would attend each event. After being questioned about whether they have organised this kind of event before in #proposals, an event in 2019 organised by one of the proposal team was referenced. Decred Content and Asset Translation Proposal (Phase 3) Published 27 May by kozel | 1 comments This proposal requests funding of $20,000 to continue covering the same translation tasks as previous phases, with the same team, for the rest of 2022. The remit covers Decred Journal, the decred.org site, articles/video content and software text. The proposal reports that the previous phase was completed under budget (costs were $8,180 against a budget of $33,000). — Approved proposals - Politeia 2022 Q1 Published Feb 16 by lukebp | 6 comments Final voting figures: 97% Yes votes, 55% turnout of eligible tickets. This proposal to continue funding Politeia development requested a budget of $138,600, which will cover 4–6 months of development work. Planned work for this phase is described for the back and front end. On the back-end this includes importing legacy proposals (4 weeks), and plugins for user authentication (8 weeks), user identity (4 weeks), user notifications (3 weeks), and DCR payments (6 weeks). The roadmap for frontend development includes slightly more work, it is set to deliver plugins for records and ticketvotes (4 weeks), users (6 weeks), comments, (6 weeks), payments (7 weeks), and also plugin integration (4 weeks) and pi-ui maintenance (2.5 weeks). The budget includes a further 8.5 weeks of other tasks like bug fixes and UX improvements. Decred Video Content 2022 Published Feb 16 by exitus | 8 comments Final voting figures: 98% Yes votes, 55% turnout of eligible tickets. This proposal requested $32,000 to continue video production for 2022 by the same team (@exitus, @DecredSociety, and @karamble). DCRDEX Phase 3 — Bonds, Decentralization, and Privacy Published Jan 8 by chappjc | 18 comments Final voting figures: 97% Yes votes, 57% turnout of eligible tickets. This proposal requested a budget of $370,000 to continue development of DCRDEX for around another 9 months. The work summary includes the following major points: maintenance and support (35% of efforts), Fidelity bonds (13%), Mixed account support (4%), BTC swap acceleration (4%), finalizing ETH support (6%), and planning and prototyping of DCRDEX evolution (20%). Twitter Bot Phase 2 @StakeShuffle_ Published Dec 30 by coinshuffle_bot | 6 comments Final voting figures: 96% Yes votes, 55% turnout of eligible tickets. This proposal requested $1,684 for work done on the bot since the last phase, and for hosting and support costs for 2022. — About this issue - Content for this edition was authored by @richardred with fixes from @bee. Image credit: @sænder Issue 51 — Jan 11 — May 30 2022 was originally published in Politeia Digest on Medium, where people are continuing the conversation by highlighting and responding to this story.




Decred Journal — April 2022

Decred Journal — April 2022 - Image: Objective Constructs by @saender DJ is back! This issue covers April news, with a few exceptions. Recent highlights: The four consensus changes DCP0007-DCP0010 were all approved by stakeholder voting with almost unanimous support (~99.7%) in April, and all have activated on May 8 so any nodes running old versions will have been forked off the network., In March, the majority of the funds held in the old treasury address, over 610,000 DCR, was transferred into the new treasury which requires stakeholder approval of spends., Version 1.7.2 of the Decred node and wallet software was released on May 11, it fixes some bugs and adds the treasury spend voting feature for Decrediton users., So far in 2022 there have been four Politeia proposals published, all approved with 96%+ support — funding has been extended for Politeia and DCRDEX development, along with video production and the @StakeShuffle_ Twitter bot., Contents: · Development · People · Governance · Network · Ecosystem · Outreach · Events · Media · Discussions · Markets · Relevant External · About — Development - The work reported below has the “merged to master” status unless noted otherwise. It means that the work is completed, reviewed, and integrated into the source code that advanced users can build and run, but is not yet available in release binaries for regular users. dcrd dcrd is a full node implementation that powers Decred’s peer-to-peer network around the world. Removed all RPCs and associated code related to missed and expired tickets. With the automatic revocations consensus change, wallets will not really need these RPCs anymore. In addition to lowering the maintenance costs, this removal unlocks performance optimizations of the ticket database., Optimized old block version upgrade checks., Added documentation for what is expected for backported pull requests., Fixed one race condition and backported the fix to the v1.7.2 patch release., Various code optimizations, cleanup, and other improvements, especially for the major subsidy split consensus change., More progress made towards the primitives module: Implemented a subsidy cache with functions to calculate subsidies for Proof of Work, votes, and the treasury. Also includes a full suite of tests and benchmarks., Decrediton Decrediton is a full-featured desktop wallet app with integrated voting, StakeShuffle mixing, Lightning Network, DEX trading, and more. It runs with or without a full blockchain (SPV mode). Decredition v1.7.2 has been released on May 11 with over two months of improvements and fixes (including everything reported below). Users are urged to upgrade. Check the release notes here. As always, verify the downloads before installing. DCRDEX integration: SPV mode is no longer experimental for the DCRDEX. Users can access the DEX tab while running Decredition in SPV mode., DEX login will be skipped once the DEX is initially launched. This should make loading up the DEX faster and improve flow., DCRDEX module updated to v0.4.3 with some new features and important bug fixes. More in the DEX section., VSP oversight enhancements: Enhanced Vote details page to show a warning if consensus vote choices cast by the VSP differ from those set in the user’s wallet. The page will also show the VSP that managed the ticket, and the transaction that has spent (voted with) it., Added block voting info to the Vote page (last block validity, voting version, vote bits)., An alert is now in place in the Governance tab when using any un-upgraded VSP. A VSP that runs older software may not be able to use all vote preferences when voting users’ tickets., Other changes: A Treasury Spending Tab has been introduced. This is where users will vote on treasury spends., Added redesigned Tutorial views under the Settings tab covering many aspects of Decred., The Staking tab now features an infographic for first-time ticket buyers, reminding users the basics of Decred’s time-locked ticket-based voting system., Performance improvements in the transaction’s history tab. Notably, rows are now loaded gradually using infinite scrolling, which will reduce bottlenecks and sluggishness. Added highlighting of the last clicked row to keep track of user’s position in the list., Per-account encryption is now automatic for restored wallets., More automated UI testing coverage., ~5 bug fixes., Voting on Treasury Spending is now in Decrediton!RTFM without leaving Decrediton! Politeia Politeia is Decred’s proposal system. It is used to request funding from the Decred treasury. Backend, merged: Fixed two bugs in migration code (did not affect normal operation of Politeia)., Backend, in progress: Importing legacy proposals into the new Politeia database. A new tool to convert legacy data into the new format is complete. Up next is the import tool for loading converted data into the production Politeia database., User-facing UI changes: Added a new component for editing, rendering and diffing Markdown, to replace the deprecated react-mde package. This should enhance editing UX and improve line diffing., Added infinite scrolling to Proposals list., Revamped loading placeholders for proposals., Reimplemented Proposal details page using the latest components., Utilized new Markdown rendering and error handling in the comments plugin., Developer UI changes: Implemented the new layout system on the home page. Layout primitives like Column and Row are now reused from the pi-ui library., Added common modal component., Added a flag to configure plugins when generating Politeia-like apps with the newapp CLI tool., New features and fixes in the shared pi-ui library (default theming, button tooltips, layout primitivs, etc.)., cspp cspp is a server for coordinating coin mixes using the CoinShuffle++ protocol. It is non-custodial, i.e. does not hold any funds. R&D to replace single-server CoinShuffle++ with a peer-to-peer model has been announced:we will begin simulating this (p2p cspp vs single server) soon.the expectation is that dealing with registration and timeouts will be messier, but it should be possible. afaict, the main threat model is partitioning attacks, whether external or internal. [@behindtext, 2022–03–24] DCRDEX DCRDEX is a non-custodial exchange for trustless trading, powered by atomic swaps. DCRDEX development is on fire. SPV mode is now completed for use in Decredition. Dogecoin has been added. Zcash and Ethereum are making steady progress on testnet. Tor hidden service support is ready. The registration UI, which was a bit confusing for some, has been clarified. Asset support: The Litecoin code now makes use of and requires SegWit., Support added for Dogecoin (including custom block deseralizer to handle merged mining blocks)., Ethereum transactions now link to etherscan on the orders page., Preparations for supporting Ethereum-based tokens., Other changes: Tor hidden service support added. This introduces special handling for DEX hosts with .onion names., The DEX Registration UI has been updated to account for v3 .onion addresses. The UI also clarifies the registration fee process., Privacy enhancements to protect against memory scraping attacks targeting user passwords and seeds., Better contract expiry edge case handling on the server and on the client., Various bug fixes, optimizations, and other improvements., v0.5 is shaping up with a lot of big changes. Loads already merged, but under review presently are swap acceleration with CPFP transactions, mixed DCR account support, support for LTC’s MWEB release, Zcash, Electrum wallet support (SPV for many assets with existing/external wallets), and of course ETH on mainnet which we have been holding back from prime time. [@chappjc, 2022–05–13]Much wallets! Decred Wallet (Android) DCR logo removed from QR codes., Added an info icon explaining how transaction byte size is determined and how it affects fees., User is notified if available disk space is low., Icon added to hide and show wallet balance on Overview page., Transaction sending page has been reworked to provide users with more context of a successful transaction., Database type information has been added to the wallet settings page., Prevent users from restoring duplicate wallets from the same seed, and also from importing duplicate watch-only wallets using the same xpub., Seed input restore page is now more protected against screenshots. Also, app window preview is no longer shown in task switcher., Updated French translation., ~4 bug fixes, and other tweaks and optimizations., Keep your DCR balance to yourself! Decred Wallet (iOS) Users can use biometrics such as Touch ID/Face ID for their spending Password/PIN., Info icon added to explain transaction byte size and fees., Send success dialog has been reworked., Removed DCR logo from Receive QR code., Privacy account setup flow has been optimized., Prevent restoring duplicate wallets from same seed., Various tweaks, bug fixes, and other optimizations., GoDCR GoDCR is a lightweight desktop wallet app with integrated staking, privacy, and Politeia browsing. GoDCR v1.7.0 has been released on May 11! This is the first Mainnet release after almost 8 months of development and polishing since the v0.9.0 Testnet release. Get the downloads and release notes and verify that it was really signed by release@planetdecred.org (key ends with A3C9EB3218CCC3E8). Merged in April: Visualize available/locked balance on the Staking page., Added a checkbox to move funds when setting up mixing., Prevent restoring duplicate wallets from same seed or same xpub., Proposal details displayed in a modal instead of tooltip., Prevent usage of the default account in StakeShuffle., Fixed possible address reuse on Receive page. Also, accessing Send and Receive pages will be blocked until sync is complete., ~14 bug fixes, ~10 UX tweaks, code refactoring., The base dcrlibwallet updated to bring new features and fixes to Android, iOS and GoDCR wallets., In progress: Initial DEX integration, specifically wallet setup and DEX registration., GoDCR balance overview. Don’t just look at it, press the button! Other Updates for Go 1.18 in many repos., The Decred Bug Bounty program has been updated. A total of 228 submissions have been processed so far, with 21 of them being eligible for a payout. Details of three vulnerabilities can now be made public. Congrats to @Al1ex and @aditi_singghh who have been listed in the Hall of Fame! Thanks to community member @degeri for running the bug bounty program., — People - Welcome to new first-time contributors with code merged to master: @Juneezee (dcrdex) and @yaroyazeed (dcrandroid)! The Decred News Updates have a new face. @Dajana_DCR is now helping @Exitus as a news host, changing things up! Her debut video received over 1,000 views and 101 likes. Community stats as of May 2 (compared against statistics from December Journal): Twitter followers: 54,862 (+3,946, +987/mo), Reddit subscribers: 12,621 (+133, +33/mo), Matrix #general users: 662 (+63, +16/mo), Discord users: 2,293 (+118, +30/mo), Telegram users: 2,828 (-332, -83/mo), YouTube subscribers: 4,639 (-1), views: 214K (+7K, +1.8K/mo)* corrected from “214K (+14K, +3.4K/mo)” on 2022–05–21, — Governance - In April the new treasury received 9,481 DCR worth $575K at April’s average rate of $60.62. 1,152 DCR was spent from the legacy treasury address to pay contractors, worth $70K at April’s rate, or $66K at March’s billing rate of $57.22. In Feb-Mar, around 617K DCR was transferred from the legacy treasury address to the new treasury account that requires stakeholder approval to spend from. As of May 10, combined balance of legacy and new treasury is 788,247 DCR (32.7 million USD at $41.52). Around 46K DCR remains in the legacy treasury, or ~6% of the total. Since the last issue of Decred Journal (December 2021), there have been four proposals published on Politeia, all approved. The proposal for continued development of Politeia with $138,600 was approved in March with 97% support and turnout of 55%. This sees Politeia development funded until July 2022. A proposal by @Exitus to fund video content production with $32,000, covering the remainder of 2022, was approved in March with 98% support and turnout of 55%. A proposal to continue with phase 2 of @StakeShuffle_ the Twitter bot with $1,684 was approved with 96% support and turnout of 55%. The proposal to continue phase 3 of DCRDEX development with $370,000 was approved in January with 97% support and 57% ticket turnout. All of the consensus changes deployed as part of the v1.7 release were approved by voters with very similar voting outcomes: 99.9% approval of the 60% of tickets that voted (as opposed to abstaining, which ~40% did), there were just 61 votes against the subsidy split change (vs 23,664 Yes votes). Considering the opposition to this subsidy split proposal which was voiced in some quarters, the outcome suggests that the complaining parties either didn’t have (m)any tickets or chose not to vote No with them for some reason. The changes activated on May 8, so along with the new subsidy split (DCP-10) there are fixed treasury spend policy (DCP-7), explicit version upgrades (DCP-8), and automatic ticket revocations (DCP-9). — Network - Hashrate: April’s hashrate opened at ~261 Ph/s and closed ~331 Ph/s, bottoming at 212 Ph/s and peaking at 370 Ph/s throughout the month. Distribution of hashrate reported by the pools on May 10: Poolin 52%, ViaBTC 24%, F2Pool 8%, AntPool 6%, Luxor 5%, BTC.com 3%, CoinMine and OKx less than 1%. Distribution of 1,000 blocks actually mined before May 10: Poolin 51%, ViaBTC 16%, DsV1GF7 9%, Luxor 4%, BTC.com 4%, F2Pool 3.6%, CoinmMine 0.4%, DsX51bV 0.1%, unknown 12%. Staking: Ticket price varied between 195–228 DCR, with 30-day average at 214.2 DCR. The locked amount was 8.58–8.89 million DCR, meaning that 61.4%-63.0% of the circulating supply participated in Proof of Stake. 63.03% of the supply staked represents a new all time high!We’re just staking. A bit more again. Nothing to see here! VSP: On May 10, ~6,780 live tickets were managed by 15 listed vspd servers, or 16.6% of the ticket pool. This is a small bump by ~230 tickets or +0.4% of the ticket pool, compared to our last snapshot on Jan 2. Legacy (dcrstakepool) tickets can no longer be voted since May 8 when the chain forked to the new rules. On May 10, the 7 listed and 1 unlisted legacy VSPs collectively reported 125 tickets but this figure is outdated. 5 of these VSPs have stopped voting between May 2021 and Feb 2022. The 3 remaining VSPs to operate till the very end had 27 live tickets on May 8. coinmine.pl, decredbrasil.com, and stakey.net showed to be the most hardcore. Nodes: Throughout April there were around 175 reachable nodes according to PD Analytics. Node versions as of May 10 snapshot (187 total, dcrd only): v1.7.1–49%, v1.7.0–17%, v1.7.0 dev builds — 9%, v1.6.2–5%, v1.8.0 dev builds — 4%, v1.6.0–2%, v1.7.2–2%, v1.5.2–2%, other — 7%. The share of mixed coins varied between 57.9%-59.3%. Daily mixed amount varied between 290–450K DCR. Decred’s Lightning Network has seen 45 nodes, 78 channels with a total capacity of 41.5 DCR as of May 10 — a nice bump since January’s 36 nodes, 66 channels, and 25.5 DCR capacity. — Ecosystem - A new VSP titled big.decred.energy run by @DCR_uncle is in the process of being added to the official VSP list. Warning: the authors of the Decred Journal have no idea about the trustworthiness of any of the services above. Please do your own research before trusting your personal information or assets to any entity. — Outreach - Monde PR’s achievements: Pitched Decred to 8 PR ops in finance and crypto publications., Responded to 1 request for comments., Secured the following news articles: @jy-p was featured in an ARTE-TV documentary titled “Are Cryptocurrencies Better Money?”. The documentary was broadcast on ARTE TV in French and German and also appeared online. Here is the version with English subtitles (password Db9p6ki)., @jy-p was interviewed by Coin Rivet talking about Decred’s progress since 2018 and the subsidy split change. The article was syndicated to Yahoo! Finance., A piece in Cryptopolitan featuring commentary from @jy-p on Bitcoin., An article in Finder featuring commentary from @jz on Litecoin., — Events - Attended: @Exitus attended a cryptocurrency meetup at the Hashhouse in Medellin, Colombia. There he informed attendees about Decred and its unique features., Insaf Nori (@arij) was invited to talk about Blockchain Technology and Decred Technology at the half-day training organized for the members of AEFDS Deroua, Morocco., — Media - @Applesaucesome has written a cloud-based Decred full-node tutorial using Digital Ocean.Why run a full node you might ask?Full nodes are the backbone of Decred. By validating and broadcasting transactions without relying on third parties they help keep the network decentralized. Each full node added to the network adds to its security and robustness. There are also Raspberry Pi tutorials available. Meet decredsociety.com — a new website dedicated to Decred related ideas, news, and other aspects by @phoenixgreen. @Applesaucesome will also be posting technicals and other information related to Decred’s markets. Selected articles: Top 10 privacy coins & how to buy them by Binance (Decred #4), Decred price soars 45% in one day three weeks before a major hard fork by Yashu Gola of Cointelegraph, Spread of sanctions makes privacy tokens the hot bet in crypto markets by Lyllah Ledesma of CoinDesk, Decred price prediction: Here’s why DCR is going vertical by Crispus Nyaga of InvestingCube, Videos: Decred News Update — On-chain voting underway, dcrd 1.7.1, LN upgrades, subsidy change + new host! by @Exitus, Decred DEX tutorial: peer-to-peer atomic swap trading by @Exitus, Decred block explorer — DCRDATA Series part 1 by @phoenixgreen, Hard fork vs soft fork — Decred Fundamentals by @phoenixgreen, Six years of Decred — part 1 by @phoenixgreen, Six years of Decred — part 2 by @phoenixgreen, What is Decred crypto and how is it performing? by Kalkine Media, A new monthly LiveStream initiative has been started by @phoenixgreen and @Exitus called “Decred and the State of the Market”. Any eager community members are welcome to join! Sanctions, confiscation and regulations by @Exitus and @phoenixgreen, Stable coins and DAO’s by @Exitus and @phoenixgreen, TikTok videos: TikTok talking about the importance of the DCR treasury by @Exitus and @DCR_Dajana, Tiktok about Cathie Wood mentioning Decred by @Exitus and @DCR_Dajana, Art and fun: Decred is the Jack of all Trades by @Exitus, DCRDEX atomic-swap art by @Exitus, Decred Ramadan by @DecredArabia, Please post yours memes in the #DCR Memes channel on Discord or Matrix! Non-English content: The Decred Brazil Twitter account has been actively posting about new Decred updates, animations, and more., — Discussions - Selected Reddit posts: dcrd lead developer @davecgh responds to criticism of the subsidy split 10/80 change from PoW miners, Selected Twitter discussions: Tracking DCR suppy vs demand by @PermaBullNino, Decred Decentralized by @jy-p, Learning the inner-workings of Decred by @DCR_Uncle, Comparing PoW vs PoS by @jy-p, — Markets - In April DCR was trading between USD $52.40-$86.20 / BTC 0.00129–0.00216. The average daily rate was $57.22. DCR rallied by nearly 45% to over $86 in one day on April 18th, its highest level in four months. This pump was unfortunately short-lived.DEX April-May volume, in DCRDEX monthly volume, in DCR — Relevant External - The latest big news which seems to be affecting the crypto markets is related to the collapse of LUNA and de-pegging of its associated stablecoin (UST) — and there are claims this was driven by an actor who short sold the tokens to profit from this eventuality. The latest development at time of writing (May 12) is that the Terra blockchain has been halted to prevent governance attacks because the value of LUNA had fallen too low and the whole blockchain became vulnerable, validators will coordinate to restart the chain. This is the most significant failure of a “stablecoin” to maintain its value so far, as LUNA had reached a valuation of $41B which put it in the top 10 crypto market caps, but quickly lost 97.5% of this value as UST de-pegged and it emerged that founder Do Kwon had been behind several other failed stablecoins pseudonymously. This disaster is still unfolding but it seems set to result in major losses for people who invested in the Terra ecosystem and trusted its stablecoin concept — it is also already drawing increased regulatory attention on the stablecoin and DeFi space. In April, the JUNO community voted to confiscate millions of dollars of tokens from the wallet of user who was accused of gaming the airdrop to receive 10% of all airdropped tokens. After an initial sentiment poll in March which favoured revoking the whale’s tokens the holder came forward and claimed that the tokens belonged to his clients. However the vote to block access to all of the user’s tokens was passed with 74% approval, he has said he is considering legal action if the tokens are not returned to the clients who own them. The Ronin Bridge, associated with Axie Infinity play to earn game, was hacked for $600M in March, when an attacker gained access to the private keys of 4 validators run by Sky Mavis (game creators) and one by “Axie DAO”, and this was enough for them to take control and steal the funds. It seems the attackers also tried to profit on their attack by shorting the RON and AXS tokens, but because nobody noticed the missing funds for a week the attacker’s short position got liquidated before the news broke. In April the Lazarus Group in North Korea was revealed by Chainalysis to be the beneficiary of the hack. Yuga Labs have been busy in 2022 — acquiring the rights to Cryptopunks NFTs and making these match BAYC terms of use and launching the APE token to serve as a currency for their ecosystem in March, then issuing deeds to land in the BAYC metaverse (Otherside) in April. The Otherside deeds launch was successful in raising $285M for Yuga Labs, but it was widely criticised for a poor launch mode and implementation which saw users spending $180M in ETH fees in a gas price auction on poorly optimised smart contracts. Cryptocurrency has featured in a number of ways in the conflict between Russia and Ukraine, with Ukraine already having quite a developed crypto policy and stance before the Russian invasion. In the early days of the war the Ukrainian government called for and received crypto donations, and one month in had received over $100M in donations this way. However, by April the Ukrainian government’s tone towards crypto had shifted and the prospect of capital outflows weakening the national currency led the government to ban the purchase of crypto with the local currency, and limit purchases with foreign currencies to $3,300/month. The prospect that Russia might use crypto to evade financial sanctions received significant coverage but it seems that there is little sign of Russians state use of crypto, although the number of smaller retail level transactions has grown substantially since early 2022. That’s all for April. Share your updates for the next issue in our #journal chat room. — About - This is issue 46 of Decred Journal. Index of all issues, mirrors, and translations is available here. Most information from third parties is relayed directly from the source after a minimal sanity check. The authors of the Decred Journal cannot verify all claims. Please beware of scams and do your own research. Credits (alphabetical order): writing and editing: bee, bochinchero, Exitus, l1ndseymm, richardred, reviews and feedback: chappjc, davecgh, title image: saender, funding: Decred stakeholders, Decred Journal — April 2022 was originally published in Decred on Medium, where people are continuing the conversation by highlighting and responding to this story.




Decred Journal — December 2021

Decred Journal — December 2021 - Image: Nodetropolis by @saender December’s highlights: Decred’s first payment to contractors from the new treasury was approved by a decentralized vote and sent., Development work for the DCP-10 consensus change was completed. It will change the PoW/PoS reward split from 60%/30% to 10%/80%., Politeia v1.3.1 bugfix and polishing release was deployed., New participation records have been set in proposal voting, staking, and mixing systems., The first release candidates for v1.7 were opened for testing in early Jan., A proposal for funding the third phase of DCRDEX development was published in early Jan., Contents: · v1.7 Release Testing · Vote on Treasury Spends · Development · People · Governance · Network · Ecosystem · Outreach · Media · Markets · Relevant External · The Future of Decred Journal · About — v1.7 Release Testing - Release candidate builds for the upcoming v1.7 “Based Bison” release are available for testing. Make sure to verify the downloads before running. For extra safety testnet coins can be used for testing until the final release is out. All help to make the final release bug-free and polished is greatly appreciated. Please report any issues in #support chat in Matrix, Discord, Telegram, or directly in the appropriate GitHub repo. Good hunting! — Vote on Treasury Spends - Starting with the payment for November work, payments to contractors will from now on be made from the new treasury following the decentralized voting process. If you use the command-line tools to solo vote please set your preference in the following manner:dcrctl --wallet settreasurypolicy "03f6e7041f1cf51ee10e0a01cd2b0385ce3cd9debaabb2296f7e9dee9329da946c" "yes or no" That command sets how your wallet votes for treasury spend transactions (“tspends”) signed by that key. The key 03f6e704... represents the current management of the treasury and the command sets your trust to it. You can verify this key in the DCP-0006 or in the source code. The voting is semi-automated with this one-time configuration, but it is possible to vote on individual tspend transactions when more granular control is needed. Currently, tspends can only be voted on by solo stakers, VSP support is in the pipeline to allow Decrediton users to participate. Read the May issue on how the process works and the Governance section on how the first real tspend was executed in December. — Development - The work reported below has the “merged to master” status unless noted otherwise. It means that the work is completed, reviewed, and integrated into the source code that advanced users can build and run, but is not yet available in release binaries for regular users. dcrd dcrd is a full node implementation that powers Decred’s peer-to-peer network around the world. Development work for the upcoming “Change PoW/PoS Subsidy Split To 10/80” consensus change has been completed, including the agenda definitions, the consensus vote with new consensus rules and tests, and the DCP-10 document with technical details. A small geek bonus of this change is it will increase the theoretical supply limit from the uncomfortable 20,999,999.99800912 to a more satisfying 21,000,000.00015952 DCR. The new primitives package has been kickstarted with initial proof-of-work functions, calculations of merkle tree roots, and functions for generating and verifying inclusion proofs (along with full tests, benchmarks, and docs). New PoW functions build upon the new optimized uint256 package and are much faster than the ones in use currently. primitives is a large refactoring plan to collect core consensus code in one place. Other merged changes: introduced AssumeValid parameter and config option to skip certain validation checks prior to the specified block (which is assumed valid). Compared to using checkpoints for the same purpose, AssumeValid allows skipping more validation work and gives greater flexibility to node operators and developers (for testing)., added an additional child key derivation method that strictly conforms to the BIP-32 standard, to be used by DCRDEX. Decred’s current method differs from the standard for legacy reasons., Maintenance, refactoring, and cleanup: moved the uint256 package from internal staging area and released it as v1.0.0 of the new math/uint256 module. The original plan was to keep it inside the primitives module, but this move allows to release it sooner to serve projects outside of Decred. The new location also better reflects that it is a general purpose package, unlike primitives, which will be focused on Decred specifics., initial work to refactor peer banning and ban score tracking into a banmanager package, changed RPC server to submit transactions directly now that piping it through netsync is no longer needed, updated module dependencies for the upcoming release, dcrwallet dcrwallet is a wallet server used by command-line and graphical wallet applications. added an optional parameter to set treasury vote policy specific to a treasury key or a ticket hash (will be used by VSP staking), return more useful info from address validation in gRPC and JSON-RPC methods, added gRPC method to import extended public key, added gRPC method to import voting accounts derived from a different seed (may be used by staking with Trezor and vspd), upgraded to cspp/v2 module which includes an additional post-quantum key exchange, added a config option to limit CSPP server connections per change amount, migrated to the new stdscript package from dcrd, fixed possible issues with 1-deep reorgs in SPV mode, fixed listreceivedbyaccount with imported BIP-44 accounts, Decrediton Decrediton is a full-featured desktop wallet app with integrated voting, StakeShuffle mixing, Lightning Network, DEX trading, and more. It runs with or without a full blockchain (SPV mode). User-facing: added a filter by tx ID to Transaction History and Ticket History views, updated DCRDEX module to pull in v0.4 features, added experimental SPV support for Decred DCRDEX wallets, fixed 3 display issues for watch-only wallets, fixed an issue with upgrading certificates for some older wallets, Internal: reused a few more components from the pi-ui library (highlighted text, paginator, toggle, buttons and icons), made many productivity enhancements to the translator tool, updated English strings for translation and removed old Transifex files, Changes in the pi-ui library (shared by Decrediton and Politeia): added clickable icon component, added new icons for Decrediton, updated select component to match new design specs, If you would like to add or update a Decrediton translation, please ask in our #translations chat room. Politeia Politeia is Decred’s proposal system. It is used to request funding from the Decred treasury. Politeia v1.3.1 bugfix and polishing release is live on the proposals website. Check the release notes in politeia and politeiagui repositories for detailed changes. User-facing changes merged in December: removed Markdown link button from editor toolbar to prevent user errors, fixed missing proposal published and edited dates, fixed downloading of vote timestamps, fixed user menu alignment, fixed infinite loading on admin approved list, Internal GUI changes: added data mocking for proposal creation and editing flows, to enable automated UI testing without connecting to a backend, politeiavoter command-line app: improved reporting of “already voted” errors, improved UX of --hoursprior and --voteduration settings, fixed stopping the process with Ctrl-C, Backend changes: allow retrieving all comment votes without specifying the user ID filter (this was requested to better analyze the proposal process), added a cache for proposal status to speed up loading of approved proposals, execute batch reads concurrently to improve performance, converted route page sizes to plugin settings to remove duplication and make it easily configurable by a sysadmin, ensure consistent ordering of returned records, tell clients if comments extra data is allowed in the policy response, fixed handling of more than 32,767 votes by loading records in multiple SELECT queries, dcrlnd dcrlnd is Decred’s Lightning Network node software. LN enables instant and low-cost transactions. updated to latest Decred modules, cspp cspp is a server for coordinating coin mixes using the CoinShuffle++ protocol. It is non-custodial, i.e. does not hold any funds. implemented post-quantum key exchange based on Streamlined NTRU Prime 4591⁷⁶¹. This key exchange occurs in addition to an x25519 key exchange as previously, such that if a weakness in sntrup4591761 is discovered, the security won’t reduce to anything worse than just x25519., added tags to signed key exchange messages to prevent signature forgery, check all signed messages for valid signatures (future-proofing the code if it will be used as part of a decentralized coordination protocol), DCRDEX DCRDEX is a non-custodial exchange for trustless trading, powered by atomic swaps. First release candidates for the massive upcoming v0.4 release have been tagged. Advanced users can check the release-v0.4 branch and read the release notes with upgrade instructions, or try DCRDEX integrated into Decrediton’s release candidates. User-facing changes merged in December: fixed volume on depth and candlestick charts, changed how keys are derived from the app seed to use strict BIP-32 (for compatibility with more wallets), added assetseed command-line app that takes the DEX app seed and derives a wallet seed+password pair for a particular asset. The latter may be usable in some wallet software for accessing funds outside of DEX applications (e.g. btcwallet)., disallow Bitcoin Core’s new Descriptor Wallets until they support the required key export method, Internal changes: migrated to dcrd’s new stdscript package, final dependency upgrades in preparation for the v0.4 release, several fixes have been backported to the v0.2 release branch since both v0.3 and v0.4 rely on the unreleased v1.7 of dcrd and dcrwallet, Progress towards Ethereum support: implemented ~8 more core methods out of a long 27-item checklist. Along the way, the codebase is being continuously refactored to support account-based assets like Ethereum (originally DCRDEX was built for UTXO-based coins)., added funding validation for account-based assets, handle different versions of the swap contract, added failure reasons to the swap contract, added wallet config option for the gas fee limit, settled on simpler definition of “coin ID” for Ethereum, simplified detection of reorgs and added a script to test them, fixed client balance calculation, keeping up with Ethereum’s hardforks and breaking changes in the toolchain, Check the new development proposal for a report of Phase 2 and the roadmap for Phase 3. Decred Wallet (iOS) allow the user to hide wallet balance to improve privacy, notify the user when the storage space is low, consistently use term “seed words”, GoDCR GoDCR is a lightweight desktop wallet app with integrated staking, privacy, and Politeia browsing. implemented initial steps of the DEX flow (create app password, pay the reg fee, select DEX server), added options to turn off Politeia and transactions notifications, made it harder to accidentally send from the unmixed account (it may undo the privacy gains of mixing), ~17 bug fixes, Merged in dcrlibwallet library (shared by Android/iOS wallets and GoDCR): updated DCRDEX dependencies to pull in the new DCR SPV wallet support, added DEX client features to the MultiWallet manager, Progress towards the v1.0 release can be tracked here. dcrdata dcrdata is an explorer for Decred blockchain and off-chain data like Politeia proposals, markets, and more. removed one redundant database index, enforce a minimum required version of PostgreSQL, updated dependencies: npm, DCRDEX v0.4, dcrd’s stdscript package, Other: Bug Bounty program posted a status update: all-time 209 submissions were processed and 19 were eligible for a payout. One minor submission will be revealed once enough users update to the upcoming 1.7 release., @fst_nml posted a progress update on Decred+THORChain integration with first successful DCR swaps against BCH and RUNE on a privatenet. There is a detailed dev log of the work and challenges., — People - Community stats as of Jan 2: Twitter followers: 50,916 (+800), Reddit subscribers: 12,488 (+82), Matrix #general users: 599 (+14), Discord users: 2,175 (-48), Telegram users: 3,160 (+130), YouTube subscribers: 4,640 (+20), views: 200K (+2K), — Governance - In December the new treasury received 10,252 DCR worth $816K at December’s average rate of $79.59. 1,006 DCR was spent to pay contractors, worth $80K at December’s rate, or $109K at November’s billing rate of $108.13. As of Jan 6, combined balance of legacy and new treasury is 753,934 DCR (47.8 million USD at $63.37). Decred’s first spend from the new treasury was approved by a decentralized vote! On Dec 18 the transaction paying 1,006 DCR to contractors was broadcast to the network along with an announcement with instructions on how to vote and verify the treasury key. The vote started on late Dec 18 and finished on Dec 28 when the transaction was mined in block 619,776. Out of 17,280 max eligible tickets, 6,269 had voted Yes and 0 had voted No by Dec 28, which created an insurmountable tally of Yes votes and triggered the “short-circuit” system to finish the vote 2 days sooner than the maximum 12 days. This algorithm allowed to make the decision faster and pay the contractors earlier. Back in June, the first attempt to pay from the new treasury failed due to a bug making the safety system too aggressive and blocking the payment. That voting was still notable for showing an impressive 69% ticket participation and 100% support. Since then the contractors have been paid from the legacy treasury, but recently the unintended limit of 0.15 DCR has ended and it allowed to start making full payments from the new treasury. A consensus change was developed to correct the behavior and prevent this scenario in the future, voting to activate it will start when enough users upgrade to the upcoming v1.7 release. On Politeia, voting on the block reward change proposal exposed a bug that prevented some late votes from being counted. It started on Dec 9 18:36 UTC when the highest ever voter participation rate surpassed 32,767 votes (78% of all eligible tickets) and hit an unintended internal limit. In the remaining ~25 hours of voting, clients were unable to cast their votes or start new vote trickling processes with politeiavoter (trickling that had started prior to the last ~25 hours could still continue). Importantly, the bug could not have changed the vote outcome, e.g. even if 8,752 remaining eligible tickets all voted No it would still pass with 79% Yes. The fix was included and deployed with v1.3.1, see #1605 for technical details. This bug only related to the Politeia vote, it does not affect the consensus vote that will be triggered by the release of v1.7.0. Proposal activity in December: The proposal to change the block reward distribution was approved by Politeia vote with 91.7% approval and turnout of 79%. It has also collected a record of 166 comments., A proposal for further funding of the @StakeShuffle_ Twitter bot was submitted. The requested sum of $1,684 would cover work done to improve the bot and hosting for 2022., See Politeia Digest issue 50 for more details on the month’s proposals. — Network - Hashrate: December’s hashrate opened at ~430 Ph/s and closed ~380 Ph/s, bottoming at 247 Ph/s and peaking at 535 Ph/s throughout the month. Distribution of hashrate reported by the pools on Jan 2: Poolin 47%, AntPool 26%, F2Pool 10%, ViaBTC 7%, Luxor 6%, BTC.com 3%, OKEx 0.3%, CoinMine 0.1%. Distribution of 1,000 blocks actually mined before Jan 2 closely matched the reported numbers. Staking: Ticket price varied between 191.9–233.3 DCR, with 30-day average at 214.7 DCR (+11.1). The locked amount was 8.07–8.60 million DCR, meaning that 59.2–62.7% of the circulating supply participated in proof-of-stake. Both absolute and percentage values made new all-time highs.What has been staked… Cannot be unstaked VSP: On Jan 2, ~6,550 (-250) live tickets were managed by listed vspd servers and 171 (-28) by listed legacy dcrstakepool servers. Collectively the 7 legacy and 15 new VSPs managed 16.7% (-0.8%) of the ticket pool. The 3 unlisted but still active legacy VSPs managed 39 (-6) live tickets. The count of VSP-managed tickets has been trending down since at least June 2021 when this observation started at ~9,300 tickets (22.7% of the ticket pool). Nodes: Throughout December there were around 180 reachable nodes according to dcrextdata. Node versions as of Jan 1 snapshot (216 total, dcrd only): v1.6.2–62%, v1.7 dev builds — 13%, v1.6.0–10%, v1.6.1–8%, v1.6 dev builds — 3%, v1.5.2–2.3%, v1.5.1–1.4%. The share of mixed coins varied between 54.4–56.9% and set a new all-time high with the sum of mixed unspent coins above 7.8 million. Year 2021 had the highest transaction volume: — Ecosystem - Bybit has tweeted that DCR/USDT trading is live. The exchange is based in Singapore. PoolBay announced a new mining pool dashboard and charts for Decred, as an alternative to MiningPoolStats. Warning: the authors of the Decred Journal have no idea about the trustworthiness of any of the services above. Please do your own research before trusting your personal information or assets to any entity. — Outreach - Decred announcements are now also published on Odysee, in addition to all video content mirrored from YouTube. Users of Odysee or the LBRY network can support Decred content by tipping or staking LBC (staked coins can be withdrawn at any time). The chat bridge between Telegram @Decred and Matrix #101 rooms was deactivated due to a large amount of spam. The spam was removed automatically by the moderation bots on the Telegram side but had to be manually cleaned up in the Matrix room. The bridge between Matrix and Discord #101 rooms remains. The highly-discussed block reward change proposal made an appearance on Hacker News. Monde PR’s achievements for December: pitched two stories/PR opps to finance and crypto publications, Secured the following news articles: Decred was mentioned as a top crypto in CoinDesk. The article was syndicated to Nasdaq and Yahoo!., an article in Finder.com featuring commentary from @jz on Litecoin, an article in Finder.com featuring commentary from @jz on Ripple, an article in Geek Culture featuring commentary from @jz on Ethereum. The article was also syndicated to Concierge., — Media - Videos: Decred in Depth 45 — with Jake Yocom-Piatt — Changing PoW/PoS subsidy split by @elima_iii (youtube), Decred Price Analysis — 17th December 2021 by Brave New Coin (youtube), Translations: Decred Journal November 2021 was translated to Arabic (@arij, @abdulrahman4) and Chinese (@Dominic). Thank you all!, — Markets - In December DCR was trading between USD 60.05–110.95 / BTC 0.00129–0.00234. The average daily rate was $79.59. — Relevant External - The Sushiswap AMM DEX is the subject of a scandal after it emerged that 0xMaki had been forced out of their role by a clique of senior developers and that the team is riven by internal conflict. BadgerDAO was the subject of a hack involving a compromised Cloudflare API key, which was used to inject malicious code for a subset of site users, leading to the loss of $130 million in assets, with $9 million being recovered thus far and a plea for more to be returned by the hacker. The funds were not returned, and the BadgerDAO community has moved to determining how to make restitution for victims of the hack. There is an interesting dynamic at play here where the stolen funds fall into three tranches with different remedy mechanisms — and the top 10 token holders were the most severely affected, representing a loss that the treasury cannot cover with available funds. One major victim of the BadgerDAO hack was the Celsius network, which reportedly lost $50 million. Users of popular NFT trading platform OpenSea became eligible to claim a new token (SOS) on Dec 24, and by Dec 26 over 200,000 wallets had claimed it. The token was not produced by OpenSea themselves, who have instead hinted at an IPO, but was rather released by a pseudonymous developer, using the public record of OpenSea NFT trades to determine eligibility to claim SOS. The market cap of SOS hit $200 million within two days, as initial votes were passed to set up liquidity provision incentives and other token distribution details. The issuance plans for SOS include reserving 20% to provide support to OpenSea users, particularly hack victims. The EOS validators have moved to block the payment of $250 million worth of EOS to Block.one. Block.one was due to receive 67 million EOS over a 6–7 year period, with half of these tokens going to Brock Pierce. This comes as part of an ongoing dispute over EOS intellectual property, which the community of validators wishes to acquire but which is currently held by the Bullish exchange (reasons unclear). Public goods funding platform Gitcoin deactivated a grant for one of the recipient teams because the team conducted some activities in Iran and had recently been de-funded by Consensys. Gitcoin also completed round 12 of its grants program, which saw $3.1 million donated from 27.2K donors. “The Internet Computer” held a major round of voting to approve future direction of research and development work, with 25 different proposals to vote on and DFINITY foundation abstaining from the vote. The voting period for these proposals was just 24 hours and all 25 were approved with 5–6% approval (minimum requirement of 3% voting power voting yes) and very little opposition. That’s all for December. Thanks for reading! — The Future of Decred Journal - 45 months of Decred Journal was a great ride but recent issues were getting increasingly harder to make due to lack of time and energy. I plan to stop producing DJ after this issue, take a break, and do other things I wanted to do in Decred and beyond.I will be around in chats to help anyone willing to take over the production of DJ, either as it looks today, or in a refreshed form to make it better.Thank you to all contributors, translators, and most importantly readers, for this amazing journey! (@bee) — About - This is issue 45 of Decred Journal. Index of all issues, mirrors, and translations is available here. Most information from third parties is relayed directly from the source after a minimal sanity check. The authors of the Decred Journal cannot verify all claims. Please beware of scams and do your own research. Credits (alphabetical order): writing and editing: bee, bochinchero, degeri, l1ndseymm, richardred, reviews and feedback: davecgh, lukebp, title image: saender, funding: Decred stakeholders, Decred Journal — December 2021 was originally published in Decred on Medium, where people are continuing the conversation by highlighting and responding to this story.




Issue 50 — December 4 2021 — January 10 2022

Issue 50 — December 4 2021 — January 10 2022 - Image credit: @sænder Treasury balance: 755,221 DCR (approx +9,820 DCR/month) — $40.7 million (+$530K/month) based on $53.95 DCR price — New proposals - Twitter Bot Phase 2 @StakeShuffle_ Published Dec 30 by coinshuffle_bot | 6 comments This proposal requests $1,684 for work done on phase 2 of the @StakeShuffle_ Twitter bot, which regularly tweets usage stats for Decred’s StakeShuffle mixing. The proposal requests payment for work done to improve the bot for phase 2 and to cover hosting costs for 2022. This follows the same funding model as the first phase, where the work was already done before payment was requested. The new features for phase 2 are based on comments from the first proposal, they are mostly new metrics to broadcast. Comments on the proposal are supportive. DCRDEX Phase 3 — Bonds, Decentralization, and Privacy Published Jan 8 by chappjc | 6 comments This proposal requests $370,000 for further funding of DCRDEX development, which would support the project for a further 9 months. Major achievements since the last proposal and initial release of DCRDEX include support for SPV mode for both BTC and DCR, with ETH support still requiring audit. An audit for the ETH smart contracts is one of the items which would be funded with this phase of development, along with maintenance of current product (estimated at 35% of effort) and development of a range of new features. The main features to be developed include fidelity bonds (an alternative to paying the server operator a registration fee), support for mixed accounts and accelerating BTC swap transactions. The proposal also budgets 20% for future planning and prototyping, with subjects including mesh architecture and a Lightning Network market. Comments on the proposal are very supportive. — Approved proposals - Change PoW/PoS Subsidy Split From 60⁄30 to 10⁄80 Published Nov 26 by jy-p | 166 comments (+31) Final voting figures: 30,285 Yes votes, 2,743 No votes (91.7% Yes) — voter participation of 79% — a new all-time high! The highest ever voter participation on this proposal exposed a bug that prevented some votes from being cast. Around Dec 9 18:36 UTC the vote count surpassed 32,767 votes and hit an unintended internal limit. In the remaining ~25 hours of voting, clients were unable to cast their votes or start new vote trickling processes with politeiavoter (trickling that had started prior to the last ~25 hours could still continue). Importantly, the bug could not have changed the vote outcome, e.g. even if 8,752 remaining eligible tickets all voted No it would still pass with 79% Yes. The fix deployed with the v1.3.1 release. See #1605 for technical details. This bug only related to the Politeia vote, it does not affect the consensus vote that will be triggered by the release of v1.7.0. Recap: This proposal would change the issuance of new DCR from the current proportion (60% PoW, 30% PoS, 10% Treasury) to lower the share of rewards going to PoW miners to 10%, and re-allocate those rewards to PoS voters who would then receive 80% of newly issued DCR. The rationale for the change is based on the work of @tacorevenge which suggests malicious dumping of mined DCR on the part of a small number of actors who control the majority of Decred’s PoW hashrate. The proposal reconsiders the observed reality of Decred’s PoW in relation to the theory which had informed the original distribution schedule, finding that the marketplace for Decred ASICs and hashrate is dysfunctional and such a heavy weighting towards PoW is not in the project’s interests. The proposal also mentions some little known history, in that @tacotime (Decred co-founder) had originally argued for a split of 30/60/10 to PoW/PoS/Treasury. The change to consensus rules which would bring about this change is described as not technically challenging to implement and a timeframe of 2–6 weeks is given. Since the proposal passed the change has been incorporated in the v1.7.0 release candidate. Decred Arabia Communications and Content 2022 Published Nov 24 by arij | 11 comments Final voting figures: 25,079 Yes votes, 441 No votes (98.3% Yes) — voter participation of 61%. Recap: This proposal requests $10,600 to extend the work of the current proposal for another 10–12 months. The previous proposal had a budget of $6,200 for 6 months but only $2,120 was used. An overview of the last period’s activities is provided, these included a limited number of events due to COVID-19 restrictions. For the coming year, the proposal projects most of the budget being spent on events, with $2,100 for producing videos. — About this issue - Content for this edition was authored by @richardred with fixes from @bee and @davecgh. Issue 50 — December 4 2021 — January 10 2022 was originally published in Politeia Digest on Medium, where people are continuing the conversation by highlighting and responding to this story.




  DCR NEWS


Decred blockchain introduces new cross-chain, SPV-based wallet: GoDCR

    Decred (DCR), a blockchain-based cryptocurrency with a strong focus on community input, today announced the launch of GoDCR, a cross-platform GUI wallet built using Golang and Gio. GoDCR has privacy-preserving Simplified Payment Verification (SPV), which is an enhanced privacy feature not commonly available in lightweight wallets. Privacy-preserving SPV does not share personal transaction information with other nodes, significantly increasing user privacy. Users also have access to StakeShuffle, Decred’s opt-in privacy system with post-quantum secure mixing. The feature provides powerful protection for the privacy of mixed coins against quantum computers. Running on a smaller footprint, GoDCR is accessible on operating systems that don’t support Electron, notably the BSDs. In addition to the advanced privacy features, the wallet also has ticket staking with auto ticket buyer; proposal voting; consensus rule agenda voting; basic wallet ops, and message verification. “Our goal is to improve the usability and accessibility of Decred for people all over the planet. Our next focus is to get GoDCR running on mobile. This will enable us to consolidate four different projects (dcrios, dcrandroid, dcrlibwallet, godcr), into a single UI design and code repo.” - Steven Wagner, Senior Contributor at Decred Future versions of GoDCR will include DCRDEX with a bitcoin wallet, as well as enhanced restores (hex), and further user-interface enhancements. GoDCR is the la... read More



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