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Review on Decred by jose sousa
the cryptomoeda Decred has as main objective to be a democratic currency, not…
the cryptomoeda Decred has as main objective to be a democratic currency, not giving the founders and miners the chance to obtain advantages over the users of the asset. with the combination of the POW and POS system the cryptomoeda is not in the hands of a group of people (miners), since it distributed the power of decision among all the community. Although there are other currencies with the same proposal, the DECRED has an immense potential of growth because what determines the success of a good, are its followers, and this, DECRED has, faithful followers. Congratulations to all who make DECRED.
Pros
- the currency Decred came from a bitcoin fork in the year 2016. when analyzing the crypto we can see a model that is contrary to bitcoin with regard to the centralization of power. some peculiar points of this asset is the fact that the community decides the directions that the currency will take, this guarantees that the decision is not in the hands of few people, that is, the asset becomes democratic. another positive point is the limited amount of coins thus preventing devaluation and as a result the community has to opt for a burn.
Cons
- I did not check anything that represented a failure in the project.
