Review on Decred by Akash Sarker

Name: Decred
Item: Decred
Rating: 4

September 14, 2018

Officially launched in February 2016, Decred is an altcoin quite like Bitcoin…

Officially launched in February 2016, Decred is an altcoin quite like Bitcoin. However, dissimilar to other altcoins, the prime focus of this crypto coin revolves around community input, open governance and sustainable financing and development.
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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.
It also takes advantage of a hybrid proof-of-work and proof-of-stake mining system so that a small group cannot take control of the flow of transactions or changes made to it, without the community’s consent.
#Decred Features
Decred is a multi-platform digital currency available through clients for Windows, Mac OS, Linux, and Unix-based operating systems. The platform promises to offer easy-to-use wallet apps for efficient sending, receiving, and mining of Decred.
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Meanwhile, those who like to tinker can enjoy a full suite of command line tools that can customize your Decred experience
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#Wallets
The easiest way to get started with Decred is to use the Web Wallet. Anyone can access that wallet at wallet.decred.org. You don’t need to download anything.
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Alternatively, Windows users can use the Paymetheus wallet, while Mac and Linux users can use the Decrediton wallet.
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#Sending And Receiving Decred
After you have a Decred wallet, you can begin to send and receive Decred. You only need an address to send or receive funds. That address can be generated from any Decred wallet. The address always begins with a D and contains 26 to 36 alphanumeric numbers.
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After a transaction has been made, funds will clear in about 5 minutes. You’ll be charged a small fee in addition to your transaction amount. The developers claim that a transfer of 100 DCR would incur a fee of about 0.006 DCR.
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