Review on Decred by Gabriel Medina
Decred gives us power and freedom
Decred is a cryptocurrency that seeks to give control and power to the community, in addition to improving governance. It is an interesting proposition. It is an open source and decentralized cryptocurrency, which works as digital money to transfer value on the Internet. It also represents an alternative where the rules are created automatically, taking into account the opinion of the contributors. All those who have DCR, will have the right to vote in the technical direction of the coin. Modular infrastructure allows you to add easily, without having to interrupt your operation.
Decred is governed by 4 simple principles:
In general, Decred provides a consensus voting model for the application of blockchain governance rules. Without a doubt, the team built a progressive and open cryptocurrency with the aim of engaging communities. Its DCR cryptocurrency is used as digital money, but it has its own decision system.
Pros
- It gives power to users and also allows to decide the future that the cryptocurrency will carry. Freedom to use.
- You will not need expensive mining machines to mine your cryptocurrency since Decred is friendly to the environment.
- Better use of smart contracts.
- The community of this platform is made up of people of diverse origins, among them are those who worked in the development of bitcoin, for which there is experience.
- Lightning network function for microtransactions and smart contracts.
Cons
- It has a very weak marketing.
- More attention is paid to actual development than advertising.
- It has high competition with Bitcoin.
