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Review on Decred by BERNARDO BRITES SANTANA SILVA
Decred is a cryptocurrency, similar to Bitcoin, with a strong focus on…
Decred is a cryptocurrency, similar to Bitcoin, with a strong focus on community input, open governance and sustainable funding and development.
It utilizes a hybrid “proof-of-work” and “proof-of-stake” mining system to ensure that a small group cannot dominate the flow of transactions or make changes to Decred without the input of the community. DCR Devs are the same Developers that built btcsuite, the bitcoin Golang implementation.
Decred is the first cryptocurrency to implement binding, on-chain voting. Soon DCR will be rolling out their lighting network implementation and privacy features.
Pros
- Governance focused. Awesome Tech. Great Team. Don't make promises they can't fulfill. Hybrid Mining. Lightning Network ready. Voting system where stakeholders have a voice & say on the future of Decred.
Cons
- Needs more exchanges
