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Review on Decred by Luyn Hoang

Revainrating 5 out of 5

One of the most interesting aspects of the Decred cryptocurrency is how it…

One of the most interesting aspects of the Decred cryptocurrency is how it tries to combine the notion of digital money like Bitcoin with some sort of decentralised governance. This is done through the use of different mining protocols. I like this project !
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Pros
  • Decred is also ahead in terms of implementations of some of latest technology in the cryptocurrency space. For example, given that they work closely with the LN developers, Lightning Network support has already been included !
Cons
  • AT the time of writing Decred (DCR) price has broken below the bullish trendline after encountering resistance at $117.00. DCR/USD corrected lower in the last week of June sliding slightly below the support at $90.00. However, it has recoiled towards $100 but is currently trading at $96.