28 Dec '15, 12pm

Bitcoin Core Developers Quit Bitcoin Project to Launch a New Digital Currency

Bitcoin Core Developers Quit Bitcoin Project to Launch a New Digital Currency

Some of Bitcoin’s Core developers have left the Bitcoin project and started building their separate cryptocurrency called DECRED . Decred aims to prevent the issues Bitcoin is currently facing regarding project governance and development funding. CEO of 'Company 0 ', Mr. Jacob Yocom-Piatt , who has funded Bitcoin development since early 2013, said the actual development of the Bitcoin cryptocurrency is funded by external entities that forms a conflict of interests between the groups and the project's core developers. According to Bitcoin's developers, these group puts limitations on input in Bitcoin's governance, selecting options that are favorable to their own interests only, and generally ignoring the developers' and project's best interests. "The Bitcoin software is controlled by a small group of people who decide exclusively what can and cannot be changed," Jacob says...

Full article: http://thehackernews.com/2015/12/decred-bitcoin-currency....

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