Review on Decred by Lenon Cabrera

Name: Decred
Item: Decred
Rating: 4

September 16, 2018

In general, a very good project, with great projection and scope over time…

In general, a very good project, with great projection and scope over time that can contribute a lot to the whole ecosystem, the only thing is the adoption with respect to it that affects its deflationary productivity aspect that also draws much attention to new investors and developers who investigate the project, although despite that, their prices have remained very good even with all that the market has suffered throughout the year 2018.
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Pros

Decred is characterized by being autonomous in all its processes, its main objective is that the governance in block chains is as accessible as possible, which gives all those interested in the project to establish the rules and course that can Take the project in the future. These characteristics move away from the influence of third parties that could exert on the chain, which denotes a clear decentralization in all that DCR makes up as a Blockchain project. The system on which its codes and protocols are based means that the project always remains active and up to date, being one of the technologies in activating consensus voting throughout the ecosystem. They have a very innovative hybrid system that allows them to use the two most used protocols in the Blockchain world, such as the Work Test (PoW) and the Participation Test (PoS), in addition to intelligent contracts that function as the Lightning network. Atomic exchanges between different block chains and a very intuitive, easy-to-use multiplatform.

Cons

The truth is I see the project very well established, however, in my opinion, more adoption is needed with respect to what it can offer to the whole ecosystem, maybe this would explain the low volume of daily transactions despite being a very good project which also influences its market capitalization.