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.
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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Decred is aon 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.
Its hybrid consensus mechanism combines Proof-of-Work and Proof-of-Stake to balance the power between miners and users.
Politeia is the governance platform for decisions on the Decred network. All users can propose changes and vote for changes.
Decred implemented the Lightning network to enable the blockchain to scale.
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Decred price and insights
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-0% past 1 week
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0% feel totally fine about Decred today
0% think this is a great investment
0% believe in the potential
0% say the development team is great
0% say the community is great
Market capitalization Very small
24 hour trading volume Very small
Market cap % of total Very small
# Discord members -
# Telegram members 2,806 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.