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Type of review

Revainrating 5 out of 5

Decred is essentially “Bitcoin with governance”. Many analysts attempt to…

Decred is essentially “Bitcoin with governance”. Many analysts attempt to categorize coins by industries, and the Level 1 hierarchy usually has three categories: currencies, platforms and applications. Decred is a currency that aims to be a store of value and medium of exchange, while improving on some of the drawbacks of Bitcoin.

Pros
  • Decred is an open, progressive, and self-funding cryptocurrency with a system of community-based governance integrated into its blockchain. At its core is a hybridized proof-of-work proof-of-stake (PoW/PoS) consensus system that aims to strike a balance between PoW miners and PoS voters to create a more robust notion of consensus. The project is a result of the theoretical proposals brought by proof-of-activity (PoA) and MC2 in 2013.
Cons
  • The Decreed team includes Jake Yocom-Piatt, the organizer of the project and CEO of the company, developers, who prefer working pseudo-anonymously simply to keep a low profile instead of worrying about their recognition. The team also has its presence on Discord, reddit, Telegram, along with other social media platforms.

Revainrating 4 out of 5

Its goal is to create a proof-of-work and proof-of-stake (PoP / PoS) system to…

Its goal is to create a proof-of-work and proof-of-stake (PoP / PoS) system to balance the PoW miners and PoS voters to create a stronger idea.

Pros
  • Orders placed on the exchange can be internally regulated via rules enforced by the clients and the server.
Cons
  • Stakepool centralization. At the moment there does not exist a decentralized method of staking without having a wallet open at all times.

Revainrating 4 out of 5

The hybrid PoW / PoS system implemented by Decred allows Miners to create new…

The hybrid PoW / PoS system implemented by Decred allows Miners to create new blocks and stakeholders vote to verify the blocks created by the miners. Consequently, the process of creating consensus is balanced with the miners and stakeholders contributing to the ecosystem.With this, the hybrid consensus system is stable and secure, giving the opportunity for any party to dominate the decred blockchain by zero.

Pros
  • Order sizes on both the buy and sell side of a trading pair have standardized lot sizes.
Cons
  • Liquidity is low (1.5M USD right now on coinmarketcap, much lower than almost all competitors). This may be affected by the small ecosystem, negative pressure on trading via staking, lack of payments mechanisms, etc.

Revainrating 4 out of 5

The algorithm is intended to allow the user to agree on the status of the…

The algorithm is intended to allow the user to agree on the status of the blockchain. There are two strategies for achieving consensus on a hierarchy. Proof-of-Work (PoW): It only receives rewards for the work you invest in the system. This step requires computing power in solving puzzles. For every solution, a new block is created. So, the more work you put in, the higher the reward. Proof-of-Stakes (PoS): This is a reward for what you bet. This requires you to keep your coins affected for…

Pros
  • It facilitates exchange between only cryptocurrencies, not fiat currencies.
Cons
  • Project Fund Focus – Here’s where I’ll get some heat. When I initially conceptualized the project fund uses I assumed the community would see this as a resource to benefit decred specifically.

Revainrating 4 out of 5

The developers of Decreds say that the technology is easy to use, allowing…

The developers of Decreds say that the technology is easy to use, allowing users to receive, send and exploit digital money in just a few clicks. Decred also offers a number of command line tools to allow you to customize the user experience.

Pros
  • Order sizes on both the buy and sell side of a trading pair have standardized lot sizes.
Cons
  • Relatively small and poorly visible ecosystem. Given a market cap that fluctuates between ~400 and ~800 million USD, the ecosystem of users and other participants seems very low. For example, this subreddit has only 8.5K readers, and something like a couple meaningful threads a day. I think there is more active discussion elsewhere (Slack, etc.), but these are not totally public facing and do not contribute to the public footprint of the project.

Revainrating 4 out of 5

The user can enter the desired expiration time before signing the transaction…

The user can enter the desired expiration time before signing the transaction. If the transaction is not included after a certain number of blocks, the block height is automatically rejected after the publication. The developers will be compensated regardless of the outcome of the project – and they know that… The difference here is that Decred never had an ICO and developer incentives are based on block rewards, which means the development team has an incentive to continue improving the…

Pros
  • This system differs from other PoS protocols because there is less signalling, and consensus is actually binding on chain. The DECRED has an immense potential of growth because what determines the success of a good, are its followers, and this, DECRED has, faithful followers. Congratulations to all who make DECRED. Decred uses encryption to secure transactions on his network and also to control the creation of new coins into the system.
Cons
  • I think there is more active discussion elsewhere (Slack, etc.), but these are not totally public facing and do not contribute to the public footprint of the project. It’s refreshing to see a project that didn’t do a significant pre-mine or a high-profile/priced ICO. There was no pre-sale discount and there was no marketing campaign augmenting a flashy ICO.

Revainrating 4 out of 5

Decred provides transactional hashes that can not be changed, separating the…

Decred provides transactional hashes that can not be changed, separating the transaction signatures from the rest of the transaction data. This is similar to what SegWit achieved in Bitcoin. Decred also uses Schnorr's signatures, which are also capable of signing transactions outside the chain. These features are what make Decred more leviable than a stepcoin.

Pros
  • It is architected as a simple client and server, without a corresponding token or a blockchain.
Cons
  • To date the founders have been ultra conservative with project fund expenditures which is awesome. I thought the purse strings would loosen up when pi went live but not significantly. Now I’m more informed and it is clear there will be no bounds to it’s use.

Revainrating 4 out of 5

The Decred (DCR symbol) is a decentralized blockchain platform launched on…

The Decred (DCR symbol) is a decentralized blockchain platform launched on February 8, 2016. It aims to build a cryptocurrency that runs automatically, with improvements being voted and issued. Followed by the miners and owners of coins.

Pros
  • There is an upfront fee to create a client account on a server, to discourage malicious behavior.
Cons
  • As an investor I would not assume the project fund will be used as a resource to directly benefit decred. It will be spent wherever the stakeholders decide to spend it.

Revainrating 4 out of 5

The Decred (DCR symbol) is a decentralized blockchain platform launched on…

The Decred (DCR symbol) is a decentralized blockchain platform launched on February 8, 2016. It aims to build a cryptocurrency that runs automatically, with improvements being voted and issued. Followed by the miners and owners of coins.

Pros
  • Server operators never take custody of client funds.
Cons
  • Stochastic nature of staking. Though the randomly selected variability in voting is a security feature, locking up a substantial amount of funds for an indeterminate amount of time that can be up to 4 months has a lot of negative implications (not every can afford to have their $ be so illiquid). Ticket splitting will help with this.

Revainrating 5 out of 5

The Decred (DCR symbol) is a decentralized blockchain platform launched on…

The Decred (DCR symbol) is a decentralized blockchain platform launched on February 8, 2016. It aims to build a cryptocurrency that runs automatically, with improvements being voted and issued. Followed by the miners and owners of coins.

Pros
  • Malicious clients are managed using a reputation system based on Politeia.
Cons
  • To date the founders have been ultra conservative with project fund expenditures which is awesome. I thought the purse strings would loosen up when pi went live but not significantly. Now I’m more informed and it is clear there will be no bounds to it’s use.

Revainrating 4 out of 5

The developers of Decreds say that the technology is easy to use, allowing…

The developers of Decreds say that the technology is easy to use, allowing users to receive, send and exploit digital money in just a few clicks. Decred also offers a number of command line tools to allow you to customize the user experience.

Pros
  • It uses on-chain transactions for order fulfillment and rule enforcement.
Cons
  • Relatively small and poorly visible ecosystem. Given a market cap that fluctuates between ~400 and ~800 million USD, the ecosystem of users and other participants seems very low. For example, this subreddit has only 8.5K readers, and something like a couple meaningful threads a day. I think there is more active discussion elsewhere (Slack, etc.), but these are not totally public facing and do not contribute to the public footprint of the project.

Revainrating 4 out of 5

Decred is a new virtual currency, at the present time the only way to buy DCR…

Decred is a new virtual currency, at the present time the only way to buy DCR is to use Bitcoin, when you have a Bitcoin amount you can buy Decred on any virtual currency trading platform.

Pros
  • Orders placed on the exchange can be internally regulated via rules enforced by the clients and the server.
Cons
  • Project Fund Focus – Here’s where I’ll get some heat. When I initially conceptualized the project fund uses I assumed the community would see this as a resource to benefit decred specifically.

Revainrating 4 out of 5

Like other decentralized electronic money, Decred uses encryption to secure…

Like other decentralized electronic money, Decred uses encryption to secure transactions on his network and also to control the creation of new coins into the system. It has a public ledger in which all transactions are recorded.

Pros
  • Server operators collect no fee for matching orders.
Cons
  • Liquidity is low (1.5M USD right now on coinmarketcap, much lower than almost all competitors). This may be affected by the small ecosystem, negative pressure on trading via staking, lack of payments mechanisms, etc.

Revainrating 5 out of 5

They have a platform of public proposals linked to block chains and resistant…

They have a platform of public proposals linked to block chains and resistant to censorship. Easy-to-use cross-platform wallets and an atomic exchanges in interchain between different digital currencies.

Pros
  • Is an autonomous digital currency. They have an innovative and hybrid voting system by consensus of Proof of Work (PoW) and Proof of Stake (PoS). It has a base in its open source of the modular type, which allows it to adapt to the new blockchain technologies. Smart contracts that work, such as the Lightning network.
Cons
  • I don't have cons.

Revainrating 4 out of 5

The Main Network Block Explorer allows users to search all blocks and…

The Main Network Block Explorer allows users to search all blocks and transactions in blockchain decred.

Pros
  • Adding support for coins is a straightforward matter of adding the corresponding atomic swap support.
Cons
  • Development Pace – Good devs are hard to find and like every other project in crypto there aren’t enough of them. In time decred should win out here because of the project fund.

Revainrating 4 out of 5

The Decred (DCR symbol) is a decentralized blockchain platform launched on…

The Decred (DCR symbol) is a decentralized blockchain platform launched on February 8, 2016. It aims to build a cryptocurrency that runs automatically, with improvements being voted and issued. Followed by the miners and owners of coins.

Pros
  • Adding support for coins is a straightforward matter of adding the corresponding atomic swap support.
Cons
  • Stochastic nature of staking. Though the randomly selected variability in voting is a security feature, locking up a substantial amount of funds for an indeterminate amount of time that can be up to 4 months has a lot of negative implications (not every can afford to have their $ be so illiquid). Ticket splitting will help with this.

Revainrating 4 out of 5

Once the transaction is completed, the funds will be transferred within 5…

Once the transaction is completed, the funds will be transferred within 5 minutes. You will lose a small fee to help maintain the network. This fee plus the transaction amount. For example, transmitting 100DCR will cost about 0.06DCR.

Pros
  • Server operators collect no fee for matching orders.
Cons
  • Project Fund Control – Politeia is almost out the door but it’s my understanding project funds will still remain under human control. This requires stakeholders to put trust in that person(s).

Revainrating 4 out of 5

The Main Network Block Explorer allows users to search all blocks and…

The Main Network Block Explorer allows users to search all blocks and transactions in blockchain decred.

Pros
  • Orders placed on the exchange can be internally regulated via rules enforced by the clients and the server.
Cons
  • Stakepool centralization. At the moment there does not exist a decentralized method of staking without having a wallet open at all times.

Revainrating 5 out of 5

Their wallets are accessed via a graphical user interface (GUI) on all major…

Their wallets are accessed via a graphical user interface (GUI) on all major operating systems (Windows, macOS, and Linux). They also have great interviews with other great coin developers like Charlie Lee (Litecoin dev.) Its one of the best altcoins at the moment, and definitely worth investing in it!

Pros
  • Decred is a great long term investment because it has a smart and active development team which is working hard on the Crypto. Its also a self founding project and has an implemented governance which is an awesome feature that lets the users vote and decide on further DCR development, the coin is only 2 years old, but it already enters the TOP-30 in the global ranking based on Marketcap volume.
Cons
  • At the moment I appreciate this project, no matter at all, I will invest in it!

Revainrating 4 out of 5

I do think that Decred is not growing as fast as they should. For a community…

I do think that Decred is not growing as fast as they should. For a community powered project, their official forum is not that active with 22,000 messages in the past years, and also the bitcointalk thread is not that active as you expect from a fairly old community powered project. 1 media specialist on the team is not enough and they should work on this.

Pros
  • In terms of age in the cryptoworld, this project is fairly old. It took a while before Decred got noticed, but now Decred’s governance and superior tech is finally recognized by the market we finally see a price range they deserve!
Cons
  • I really like that this project is based on community power and that so called stakeholders are getting rewarded for their efforts. The website and wallet designs look really professional and the devs are working hard from day one which is good to see. but i think it have some problem: Community not that active, only 1 media specialis, not that known project and minor bugs on website.