Review on Decred by Pedro O. Alvino M.
Democratic and decentralized project
Decred's main goal is to resolve blockchain governance and allow seamless transition to different sets of rules as needed.
A project that is based on decentralization and democracy can be considered to be one of the projects most focused on these two points, which in addition to decentralization, Decred also allows its users to join mining groups with relatively easy to meet demands .
Overall, Decred has created an incredibly effective way to reap the real benefits of a decentralized community.
Pros
- Community focused project.
- Composed of a generic and decentralized blockchain.
- It offers flexibility and ease of use as well as allowing for a democratic approach that enables continuous development.
- It is among the best cryptocurrencies on the market and is very accessible.
- It includes two work protocols that neither allow failures in the ecosystem.
- Smart contract functionality Includes cross-platform wallets
Cons
- Being dependent on a community, a clear reduction in the massive use of the platform can collapse the project.
