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Review on Decred by Nguyen cuong

Revainrating 4 out of 5

Decred is an open-source, community-based cryptocurrency. Decred was launchedโ€ฆ

Decred is an open-source, community-based cryptocurrency. Decred was launched in February 2016 by the bitcoin developers that engineered btcsuite, an alternative full-node Bitcoin implementation written in the Go (golang) programming language and is used by development projects such as Ethereum, Factom, BitGo, OpenBazaar, and the Lightning Network.

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Pros
  • Decred developers created the first functioning cryptocurrency atomic swap between Decred (DCR) and Litecoin (LTC) on September 19, 2017. Decred shares many of Bitcoin's positive qualities: fixed monetary supply, disinflationary issuance of the coin over time through mining, BIP39 wallets, etc. A huge part of Decred is solving development funding without doing legally questionable ICOs. Part of that is solved with 10% of the block reward going to a development fund.
Cons
  • You can only stake if you buy a full ticket (~95 DCR, 3-8-'18). Though splitting a ticket will be possible in the future. The name Decred created feelings of akwardness and doubt because it wasn't clear how to pronounce. Yet another cryptocurrency that doesn't do that much new or better to justify being mass adopted.