Review on Decred by Özgün A
A project different from the rest
Decred is a project that makes a difference in the cryptocurrency world. It is a crypto currency created by the fork method.
With Decred, it is desired to create competition in global markets.
Decred integrates Pow and PoS algorithms, creating a harder and more efficient project to hack.
Decred's security system consists of layers. The previous layer is proof of the next layer. As the nodes work with acknowledgments in any attack, the previous node, which is the proof of the attacked node, locks itself for security. Thus, the risk of being defrauded is eliminated.
Decred's system logic is unanimous decisions. Users who own this coin have the right to vote in decisions.
Decred project is a system open to improvement. Funding is required for the development of the system. Decred has not yet had the support of major companies.
The Decred project is a very logically advanced system, but the disadvantage of this system is its complexity. You can learn the working logic of the system by joining Decred communities through social media. To understand this system, it is necessary to learn its logic first.
Pros
- Working principle is solution oriented
- A strong firewall has been created thanks to layers of security
- You can have a say in unanimous decisions
- Aims at the logical development of cryptocurrencies
Cons
- The project could not find enough support
- The project is difficult to understand
- Still not popular
- Insufficient updates
