Review on Decred by Syed Adnan
Digital currency which offers complete autonomy.
If you personally want faster speed as well as autonomy in your transactions, this becomes a fairly obligation decision.
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It achieved mileage because of the common features shared with leading currencies but more decentralization and better governance. But with competition from Ethereum and other currencies and the adoption of similar technologies, it can backfire.
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Pros
- It is not autonomous, unlike its equilibrium counterparts where there is an overabundance of minerals that affects small investors.
- It is also universally fungible, should be a feature of every standard cryptocurrency but unfortunately many are lacking.
- This is more decentralized because if you rely solely on POW, you are able to fairly spread coins towards those who do the work. Despite its reliance on POS, it also produces more equitable technology, and power grubs are resistant to mineralization with powerful machines.
- This is accelerated by the consolidation of the power network, which reduces the transaction time by half of Bitcoin.
Cons
- If the community fails to engage or organize rapid development, it can quickly distance itself with new, exciting cryptocurrencies that offer better features out of the box.
