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Review on Decred by Raihan Sarker
Decred (DCR) is a decentralised, open-source cryptocurrency launched in…
Decred (DCR) is a decentralised, open-source cryptocurrency launched in February 2016 by a group of former Bitcoin developers. The new project aimed to address concerns over the increasing centralization of power in Bitcoin and a growing conflict of interest between the user community and those funding the Bitcoin project. On the technical front, Decred is a hybrid proof-of-work/proof-of-stake (PoW/PoS) cryptocurrency which can be both mined (using the BLAKE-256 hashing algorithm) and staked. The project offers a choice between a graphical web-based wallet and a command-line client for all popular operating systems, including the BSDs.
#Dcr Comple their all road map
Novel hybridized proof-of-work/proof-of-stake (PoW/PoS) consensus system
Cold staking and decentralized stake pooling
Internal voting system for the addition of new features and hard or soft fork selection
Immutable transaction hashes ("transaction IDs") by separating transaction signatures from the rest of the transaction data
Elliptic curve cryptography over secp256k1 with optional Curve25519 support
Schnorr signatures with threshold n-of-n support
PoW mining using BLAKE256 hash algorithm
Hierarchical deterministic (HD) wallets
Transaction expiration
Patches for intrinsic Bitcoin bugs
Pros
- -Low supply (21.000.000) -A self-founding project with a system of community-based governance integrated into its blockchain -The system enables and encourages members of their community to make it better
Cons
- Small community Similar projects: Bitcoin low quality support team
