Blockchain scaling to include micro transactions
Decred — Money Evolved
A global peer to peer digital currency is a massive ledger of every transaction ever created from the genesis to the present day. For a network to remain peer to peer, solutions need to be found that reduce the burden of running the network and also allow for frictionless payments of the smallest quantities.
Most individuals can’t comprehend the amount of storage and computing power it takes to achieve the goal of producing 1000s of small transactions per second. The aim of this discussion is to shine a bright light on transaction scaling, with a specific focus on micro transactions.
Decred is Money Evolved. By combining battle tested Proof-of-Work with an innovative take on Proof-of-Stake that places coin holders in charge of shaping the future, Decred is able to adapt to challenges and innovate at a rapid pace. You acquire influence in Decred by putting “skin in the game”. Decred’s security, privacy, scalability, and decentralized treasury empower stakeholders and provides them with the tools needed to enhance their financial sovereignty.
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