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Review on Decred by Hadu KenTiger

Revainrating 5 out of 5

Decred shares many of Bitcoin's positive qualities: fixed monetary supply…

Decred shares many of Bitcoin's positive qualities: fixed monetary supply, disinflationary issuance of the coin over time through mining, BIP39 wallets, etc. Decred, as a crypto coin, truly works great with sufficiently greater chance of potential growth in the long run.



Pros
  • The feature of governance model enables owners (stakeholders) to do voting on a specific agendas or proposals for the Decred blockchain. That may also be inclusive of decisions like whether the development team needs to start working on a specific feature or not, whether to do activation of the code of any pre-developed feature or not, or even what are the best ways to take advantage of the development subsidy. The cryptocoin makes use of a hybridized consensus system that helps in creating a balance between users and miners, thus enabling the most powerful altcoin or crypto coin after Bitcoin.
Cons
  • Unlike other digital currencies such as BitShares (BTS), Cardano (ADA), Dent (DENT), and etc., Decred is the brainchild of the few Bitcoin developers who desired to come up with an absolutely decentralized cryptocurrency where certain people couldn’t influence others. The team also has its presence on Discord, reddit, Telegram, along with other social media platforms.