Decred (DCR)

Decred (DCR)

What is a Decred coin?

Decred (DCR) is a project aimed at creating an opportunity to manage the platform for users. In most cases, cryptocurrency is managed by miners, and users stay away from making any decisions in the system. The Decred team has been developing and testing cryptocurrency for a year and a half to achieve a working hybrid consensus Decred algorithm that equalizes miners and users.

What are the advantages of Decred?

  • The double principle of consensus. It is the main idea of cryptocurrency. It works on the algorithms of Proof-of-Work and Proof-of-Stake at the same time, thereby achieving a balance between Decred mining and common users.

  • Nice work on scaling. Due to this, the speed of transactions in the system is much higher than in many giants of the cryptocurrency market.

  • Decentralization. Taking all important decisions in the system is controlled via voting in which all holders of the cryptocurrency participate.

  • Reliable data protection. The developers have done great work in this direction. Decred has a high degree of anonymity, it is almost impossible to track the transactions.

How to store Decred crypto?

The creators have provided two Decred wallets. The first one is an online wallet created on the basis of Bitpay's Copay. It provides access to cryptocurrency transactions and secure storage.

The second wallet is hardware. It is managed via the command line. It is used for hardware mining based on the PoW algorithm. Also, there is a reward for cryptocurrency holders, according to the PoS algorithm. This influences greatly the Decred value.

How to buy Decred coin?

The cryptocurrency is traded on many well-known Decred exchanges. It can be bought on Bittrex, UpBit, Poloniex, Cryptopia, fex, YoBit, Bleutrade, Tux Exchange, Nanex. As a rule, Decred is traded in a currency pair with Bitcoin, but on some exchanges, it can be bought or sold for fiat money. To find such exchanges, you should watch for the Decred news – the platform is being actively developed, so it is listed on new exchanges every day.

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Read more about DCR price prediction 2020.