Consensus upgrade voting with Decrediton

Steps for Decred consensus upgrades: Propose – Discuss – Build – Dormant Upgrade – Vote – Deploy or Discard

A consensus vote on the Decred blockchain goes through a sequence of steps. In this video, we’ll give a basic overview of this process and show you how to place your vote in Decrediton.

Before a consensus upgrade can start, it's best to evaluate whether the community wants the upgrade to the rules or not. This is done by the development team producing a Decred Change Proposal (DCP). This proposal can also be submitted through Politeia, which gives a transparent view of coin holder preference and also gives the proposal the added benefit of seeing if the community is happy to pay for the work to be completed.

In most other blockchain projects, this part of the process would be conducted through polls, forums or on-chain flagging mechanisms. In Decred’s case, the coin holder is the only participate that gets to decide whether the upgrade will go ahead or not.

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.

Find out more about Decred: https://decred.org

Join the Decred community! https://decred.org/community ... https://www.youtube.com/watch?v=5klbCo6HzD4