Review on Decred by erdi yılmaz
About Decred
Decred was created as a result of forking from the Bitcoin Blockchain. However, it continues in a different way than Bitcoin.
Since there is a voting system primarily on Decred (DCR), every asset owner has a say over Decred (DCR). There are wallet applications that can be used in many platforms, such as Bitcoin.
The biggest feature that distinguishes Decred (DCR) from Bitcoin is mining through both Proof of Work (POW) and Proof of Stake (POS). In short, there is a balance of power. It is also protected from 51% attacks.
The Proof of Work system requires a study, a process in short, and a large amount of energy is consumed as a result of these processes. In the Proof of Stake system, new crypto money is earned by locking the crypto money in your hand and providing liquidity to the system.
Decred (DCR) has a maximum supply of 21 million just like BTC. Again, the difference from BTC is that 42% of it is distributed to its users via airdrop and 82% of it is previously excavated.
When mining crypto money, blocks are solved, in rough terms, and rewards are earned from this block. 60% of these awards are reserved for POW miners doing Bitcoin-style mining and 30% for POS miners. 10% of it is used in new developments.
It is a crypto currency that has emerged by bringing a new perspective to Bitcoin's distribution, mining and application models.
Pros
- Mining can be done with both the Proof of Work (POW) and the Proof of Stake (POS) principle.
- Protected against 51% attacks
- brings a new perspective to both mining and application models
- Decred owners have the right to vote on the development of the platform
Cons
- 82% of the maximum supply was previously mined
