Review on Decred by Danh Huỳnh Ngọc Công
Decred is an excellent project with high proficiency had professions. Since…
Decred is an excellent project with high proficiency had professions. Since the first launch, the project has made much success in achieving the new milestones for their project. With the current innovative technologies implementation, Decred is a safe haven for long-term investments. However, the team should shift their main focus to both development and marketing as the adoption and community growth have faced many challenges
Updated 5 years ago
Rating has not been changed
Positive point: Decred is a open sourced project that is ready to be verified and developed by the community.
Pros
- Decred utilizes a hybrid consensus algorithm of Proof of Work (PoW) and Proof of Stake (PoS) for the purpose of voting to maximize the decentralization of the whole network. The anti-censorship blockchain-anchored public proposal principle of Decred platform paves the way to the ambition of creating a truly transparent blockchain of cryptocurrency world. The company behind Decred are tech-ready for the implementation of Lightning network sooner than other projects. Decred has a cutting-edge technology to support atomic swap without using any centralized exchanges. An official wallet has been available on many different platforms. The team contains many "OG" Bitcoin developers who have a cumulative experience of many decades
Cons
- - The adoption of Decred is what the team need to work on as the brand recognition seems to be not sufficient - The community behind it is not so big which affects a lot on the adoption aspect
