What is Decred (DCR)?

Decred tries to protect the balance between miners and holders. To accomplish this they have a hybrid consensus mechanism. To ensure a secure system, each transaction must be confirmed by miners (Proof-of-Work). This confirmation must then be validated by holders of Decred coins (Proof-of-Stake). Users who stake their DCR can also vote for developments of the Credred blockchain.
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DCR
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Cryptohunt's Opinion

Our take on Decred

Blockchains which get validated by the Proof-of-Work method are at risk of a 51% attack. That occurs when a single person or group of people gains control of over 50% of a blockchain's power of validating transactions. To prevent this, all transactions in the Decred blockchain must be verified by the holders of the Decred coin (Proof-of-Stake). This is a reasonable method to prevent miners from becoming too powerful. Nevertheless, it should be questioned whether this complex construct is really necessary or whether a blockchain with only a Proof-of-Stake method does not also fulfill this purpose.
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How do you feel about Decred?

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What makes Decred special?
Decred is a on its own, uses to validate transactions, and is. Decred does not support.

Interesting facts about Decred

Here are some facts you may not already know about Decred. Something surprise you? Go ahead, share it!Any fact missing? Contact us.
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Decred implemented the Lightning network to enable the blockchain to scale.

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Politeia is the governance platform for decisions on the Decred network. All users can propose changes and vote for changes.

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Its hybrid consensus mechanism combines Proof-of-Work and Proof-of-Stake to balance the power between miners and users.

Decred reviews from the cryptohunt community

Dive deeper into the different opinions about Decred and learn how others feels about it.
Decred
Positive review
Review author avatar
Arvious
14 days ago

Decred's implementation of governance is world class. If Bitcoin had Decred's governance model from the start, than 90% of alt coins wouldn't exist. The hybrid PoW/PoS system also leads to an incredibly secure chain even if the price tanks. With 10% of block rewards going towards the Decred Treasury there is a constant source of income for potential developers to improve and adapt Decred as long as stakeholders agree.

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Decred price and insights

See how much Decred is worth and learn from other insightful metrics
No value
-0% past 1 week
24H30D
Community Reviews
Based on 1 community reviews
Market insights
Market capitalization
Very small
24 hour trading volume
Very small
Market cap % of total
Very small
Project health
# Discord members
-
# Telegram members
2,815
3% of them are active
% of total supply circulating
Very small

What’s the community like?

Community matters for projects like Decred, because an active community drives the development of use cases for a blockchain project. The more people are active, the better to have healthy discussions and create something valuable.
# Discord members
-
# Active Discord members
-
# Telegram members
2,815
# Active Telegram members
88

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