ETH merger is imminent. Is there a chance for PoW+PoS consensus

When DCRN launched Gate on July 18, the price went up from $3.90 to $25.60, a 630% increase. Many users may not know DCRN, but DCRN is not a new project, but a fork out of the old star project Decred.

DCRN is called Decred-Next, and branched out by community vote. In response to the community's dissatisfaction with Decred's announcement that it would change the block award distribution coefficient, senior members of the Decred community launched a new proposal, Hard Fork Decred, which was approved by 85.28% of the participating voters.

When Decred announced changes to the block reward coefficient, Token prices fell rather than rose, which greatly stimulated Token holders. Of course, the community's dissatisfaction with Decred is not limited to the Token price, but more is the backwardness in ecological development and lack of innovation. This is one of the reasons why DCRN prices once exceeded DCR.

Access to the ore pool, the computing power increased three times in a month

At this stage, the biggest difference between DCR and DCRN is the block reward. DCR allocates 80% and 10% of PoS and PoW block rewards, while DCRN allocates 30% and 60%. The debate in the Decred community was whether PoW miners were the main source of the Token price decline.

Based on crypto history, PoW miners can influence Token prices in the short term, but not the long term. Especially when the project ecology is larger and the industry chain is larger, the more difficult it is for PoW miners to kidnap the project and become crypto whales to manipulate the price. Bitcoin's history is littered with miners who thought they could dominate everything and failed.

The DCRN was introduced after the fork in order to better develop the DCRN and to counter the claim that the PoW miners were producing a lot of throw pressure. In just one month, the calculation capacity of the OFFICIAL DCRN mine pool increased from 5.43 PH/s to 18.73 PH/s, and the current calculation capacity of the whole network is about 37.42 PH/s. In contrast, DCR's overall network computing power has decreased from 400+ PH/s to 73 PH/s.

On July 19, DCRN went online. DCRN will continue to work with major pools to provide PoW miners with easy access to other pool services, it was disclosed. Even after joining the mining pool, DCRN's current PoS yield of 1776.08% is much higher than most of the tokens on the supermarket.

For many cryptocurrencies, going online with CEX is one of the fastest ways to gain attention and liquidity. Less than ten hours after the launch of Gate, DCRN trading volume exceeded $1 million, and the price briefly surpassed DCR during the session.

In the short term, going online with CEX is the best option. In the past year, DCR has been rolling out DCRDEX with just some basic updates and BUG fixes to Decrediton and wallets. The lack of infrastructure has resulted in missing the layout of the more popular tracks such as DeFi, GameFi and NFT.

DCRN revises its ecological development through hard bifurcation. First of all, it launches CEX and takes the way of market for time. In terms of its roadmap, DCRN is improving on Decred's past mistakes.

In March 2023, DCRN will adopt ZK or sharding technology to improve scalability across the network and add support for the OmniLayer protocol, enabling users to complete the issuance of NFT and digital assets, according to official documentation. Then in June, EVM compatibility tests were started. And continue to encourage ecological developers through the Treasury to promote the prosperity and development of DCRN ecology.

ETH consolidation is imminent, what else can you focus on besides Layer2

"ETH2.0 is radical and great," Vitalik said in a recent podcast. "ETH2.0 has the potential to grow from 100 to 1000, and ETH2.0 is the future." The ETH merger has been called the most important upgrade in ETH history, with the consensus protocol moving from PoW to PoS.

The latest news shows that ETH merger will be implemented in September. Affected by this news, ETH rose from the lowest $1005 to the highest $1631 in the last week, with the highest increase of 62.28%. At the same time, Layer2 and other track events are starting a new round of growth. Beyond the immediate benefits of Layer2, what other projects might ETH 2.0 bring attention to? Vitalik said on Twitter that the combination of PoW and PoS improves security and compatibility by making attacks more difficult.

In fact, "POW+POS hybrid consensus mechanism" proposed by V God has been used by some projects as early as 2013-2015, among which Decred is undoubtedly one of the most successful projects adopting this mechanism.

The 60% and 30% block awards for DCR PoW and PoS are classic allocations, with PoW miners receiving 60% block awards, effectively reducing miners' rights. 30% block awards to project stakeholders (Token holders) can improve project governance. However, due to the poor development of the project and the failure to keep pace with the industry, DCR revised the block award ratio. By hard forking, DCRN preserves this classical allocation ratio.

If we look at the history of crypto, the larger the ecosystem and the larger the industry chain, the more difficult it is for PoW miners to kidnap projects and become crypto whales to manipulate prices. Bitcoin's history is littered with miners who thought they could dominate everything and failed. On the other hand, if rewards were heavily skewed toward PoS, it would be more likely to spawn crypto whales and discourage most ordinary users. Under the PoS mechanism, users only need to complete the "pledge" to complete the increase of wealth. Such was the case with EOS, a popular project, where PoS nodes monopolized most of the rewards, indirectly shrinking the community.

DCRN maintains PoW as the dominant and PoS as the auxiliary, ensuring the separation of the identity between rule implementer and resource holder, which not only improves efficiency, but also avoids eOS-like dilemma.

ETH consolidation means that ETH will completely switch from PoW to PoS. There are bulls and bears in the market, and both have their own theories to prove it. Perhaps, at such times, the consensus of "moderation" in the market is more important.

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