Decred [ DRC ]

Decred was launched in 2016, it is a fork of Bitcoin with its own unique differences, and it is set to be an open, and progressive self-funding cryptocurrency that is based on community governance.

 

Decred [ DRC ]

The most interesting aspects of the Decred cryptocurrency is how it tries to combine the notion of digital money like Bitcoin with some sort of decentralized governance.

This is done through the use of different mining protocols, and in these protocols, the participants can vote.

This is something that has been adopted by a number of cryptocurrencies recently.

This method is the most effective way to avoid disagreements like we have had recently with the SegWit2X hard fork debacle.

What is

Decred is a fork of Bitcoin with its own unique differences.

Decred cryptocurrency revolves around building an open and progressive cryptocurrency.

The main objective  of this coin is to use a based community governance which is maintained on blockchain technology. It is also a cryptocurrency that uses of a proof-of-work model, and many actively mine Decred.

The project is based also on unique hybrid system, since it uses proof-of-work and proof-of-stake.

Striking a consensus balance between miners and the rest of the community is not easy. Mixing PoW with PoS helps to create a robust currency and allowing any person in the world to participate in the project, regardless of owning expensive mining hardware makes Decred very attractive.

Decred althougt it was forked  from Bitcoin has its unique features that are not currently available to Bitcoin, this coin has also a big focus on development.

We leave you some links that can help you understand Decred further more:

Mining

The mining of this coin is a type known as Proof-of-work mining and commonly referred to as PoW mining.

The activity of mining in your computer’s hardware and resources to process network transactions and build the blocks that make up the blockchain in the Decred network.

For any time a block is created by a miner,  30 new Decred coins are made and these coins are then split up as follows:

60% to Pow Miners

30% to PoS Voters

10% to Decred development

Tweets by Decred

You can also check our other article on Best mining motherboard for crypto

Did you learned about Decred [ DRC ]? What is, Mining?

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