Listing of a new coin on our website — Decred (DCR)
27.03.2019
What does the company/project do?
Decred is a cryptocurrency that uses a hybrid consensus systеm to achieve a balance between miners and users. Decred's goal is to use this hybrid systеm to create a more robust currency: “Typically, the miners who manage the infrastructure have a lot of influence, while the users have relatively little influence. Decred allows users to participate directly in the project without the need for expensive mining hardware.”A bit of history
systеm start
For a long time - about a year and a half - the project was in a state of development. It functioned, but was more tested than fully introduced to the market. On April 20, 2017, the Decred team announced the upcoming release of the full-fledged version of the software for this platform - 1.0. The representatives of the project themselves believe that this release can be considered a "epoch-making event" for the entire virtual society. A simplified management systеm gives them confidence in their abilities, as well as the opportunity given to each participant in the systеm to influence the development of the project.Features
Decred combines the development of other platforms based on a similar bitcoin code. It assumes the active development of the following areas:- scaling transactions and increasing the speed of their confirmation;
- consensus principle based on combined PoW and PoS protocols;
- increasing privacy in the use of cryptocurrency;
- decentralized self-government systеm based on user voting;
- Dash-like reward distribution and self-funding systеm;
- Developing a platform for the active implementation of smart contracts.
- Wallet: You use the wallet to send and receive funds and participate in PoS development.
- Proof of work: You use computing power to verify transactions on the network and create new Decred tokens.
- Proof of bidding: You use the funds to vote on important network development issues and verify transactions for a reward.
Benefits
- Decentralization. Every day, the Bitcoin cryptocurrency is less decentralized, and more and more controlled by a certain team of miners.
- Mining availability. Mining of the Decred cryptocurrency is available using conventional video cards, which makes it more accessible than bitcoin mining, which is relevant only with the help of special equipment.
- Using the Proof of Stake method. With the help of the PoS algorithm, all innovations proposed by developers to improve network performance must be accepted by the Decred community. This allows you to make only those improvements that users and DCR holders really need.
Shortcut Functions
Decred is a multi-platform digital currency available through Windows, Mac OS, Linux and Unix clients. The platform promises to offer easy-to-use wallet apps to efficiently send, receive, and develop Decred. In the meantime, those who like to tinker can enjoy a full range of command line tools that can customize your Decred experience.Wallets
The easiest way to get started with Decred is to use a web wallet. Anyone can access this wallet at wallet.decred.org. You don't need to download anything. Additionally, Windows users can use the Paymetheus wallet, while Mac and Linux users can use the Decrediton wallet.Sending and receiving a decree
Once you have a Decred wallet, you can start sending and receiving Decred. You only need an address to send or receive funds. This address can be generated from any Decred wallet. The address always starts with the letter D and contains 26 to 36 alphanumeric numbers. After the trade is made, the funds will be cleared in about 5 minutes. You will be charged a small fee in addition to the amount of your transaction. The developers claim that the transfer of 100 DCR will cost about 0.006 DCR.Main Network Box Explorer
You can use the master network block explorer to search all blocks and transactions on the Decred blockchain.Mining
Mining involves verifying transactions on the Decred network, similar to how they work on other blockchain platforms. In return for their validation work, miners receive newly created Decred tokens. There are two methods for verifying transactions on Decred, including Proof of Work (PoW) or Proof of Stake (PoS). With PoW mining, transactions are grouped into blocks, and these blocks are verified by PoW experts. Once a block is validated, it is a permanent member of the Decred network. Miners can allocate spare computing resources to the network in exchange for Decred. On the other hand, PoS development requires little computing resources. Cash is used to purchase online voting networks. Then each block, five tickets from the pool of live tickets are chosen at random to vote on the validity of the previous block. This adds an extra layer of decentralization to Decred by allowing users to vote on proposed changes on the network.Buy and trade
Since Decred is still a new currency, the easiest way to get Decred is to use bitcoin. Once you have bitcoin, you can purchase Decred from a cryptocurrency exchange.Future scheduled features
Part of the reward from new blocks goes to the further development of the Decrd systеm. This ensures that the platform is constantly evolving to meet the needs of the community. Some of the planned features for the future inсlude:- Payment integration.
- Hard voting fork.
- Improved privacy.
- Continuous interface and design development.
- Lightning network support.
- Decentralized control of development funds.
- Stakeholder driven DAO