Decred Coin is based on a proposal for the Memcoin2 cryptocurrency from April 2013 on the Bitcointalk forum. The user, tacotime, proposed the new cryptocurrency and worked with -ingsoc, another Bitcointalk user, and Jake Yocom-Piatt to implement the hybrid Proof-of-Work (“PoW”) / Proof-of-Stake (“PoS”) consensus system from Memcoin2 as a new project, called Decred.   The major innovation of this hybrid consensus system was that it created a PoS governance mechanism, where users opt-in to t...