Currently available in the United States; coming soon in 31 countries in Europe.
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As an open-source blockchain-based cryptocurrency, Decred was established by crypto-enthusiasts who identified a significant issue with Bitcoin; that the decision-making process had become more and more centralized as time went on due to restrictive mining pools. The developers of Decred aimed to create a currency that is secure, adaptable, and sustainable. Decred began trading in February of 2016, with a team mostly built on Bitcoin developers. At the time of launch, the developers initially self-funded the project rather than support the coin through an initial coin offering.
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What is Decred (DCR)?
Utilizing a hybrid of proof-of-work and proof-of-stake consensus algorithms, DCR token holders can achieve a staking reward by validating transactions and voting on different proposals. Decred enables a straightforward mining process, just like Bitcoin. Miners receive 60% of Decred coins, voters receive 30% of tokens, and 10% is reinvested to further improvement of Decred. This is significantly different to Bitcoin, where 100% of tokens come from miners.
Decred (DCR) Market Price Ticker Chart
About Decred (DCR)
Decred is dedicated to implementing the Lightning Network. Lightning is a non-Blockchain program that improves the scalability of the network and assists with processing speed. It is a large factor in allowing Decred to distinguish itself through speed and its ability to evolve and utilize user opinions.
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