Review on Decred by LUIS RIVERO R
So bitcoin should be structured.
One of the main problems that this network solves is the decrease in the use of bifurcations, in Decred it is not necessary since it is possible to reach consensus on the modifications of the network, this when an update is needed that needs a large change in the network .
-That is to say, it is the interested parties that allow voting on essential aspects in the established regulations.
-The technology with which it is structured is 100% open source, anyone can take the network and create their own asset.
* Your network depends on the trust that your community gives you, so decred is one of the most stable assets in terms of value and technological update *
But not everything is perfect since it is still poorly valued for general use.
-At this moment the community behind this platform is small and does not have much weight in the cryptocurrency markets
To be specific, this asset allows P2P payments compatible with multiple operating systems. Since its launch it has a high growth in relation to the price of the asset at the initial launch, in comparison to Bitcoin transactions are verified in less time and at a lower cost.
For now, the way in which this asset is developed and adapted will depend on your level of progress and network.
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Pros
- Community led platform.
- Allows system and network updates without resorting to hard forks.
- Voting by consensus of users.
- Compatibility with multiple wallets.
- implementation in your Lightning Network, to make payments and fast transactions.
Cons
- Platform in general still under development.
- THE community is not that big
