Decred Review: Why DCR Deserves Attention!


► Decred Interview:
► Best DCR Wallets:
► Decred Pools:
► FREE Giveaway:


⏰ Time Stamps ⏰

0:50 Introduction
1:50 Main Features on Decred
3:20 Politeia
5:55 Mining on Decred
6:40 Staking on Decred
7:21 Block Rewards
8:00 DCR Coin Overview
8:41 Decred Team
9:50 Roadmap
10:39 EOSIO 2 Update
10:15 Trading & Wallets


⛓️ 🔗 Helpful Links 🔗 ⛓️

► Website:
► Technical Docs:
► GitHub:


📱️ Socials 📱

► Official Blog:
► Twitter:
► Reddit:
► YouTube:


📝 Project Overview 📝

Decred or Decentralized Credit is an autonomous cryptocurrency that uses a hybrid consensus mechanism to provide open governance and financial independence.

It has been labeled by many as “Bitcoin with governance” as it provides a way to fix what many perceived to be a problem with the constant forking of Bitcoin.

⚙️ Technology ⚙️

On the Decred network, miners produce the blocks which define the Decred blockchain. Once blocks are generated, holders validate them. Those miners who participated in block generation are then given block rewards.

For those who prefer to go the staking route, Decred provides 20 tickets each time a block is confirmed. These tickets are given to random stakeholders, who each receive a part of the mining rewards.

Rewards are split up according to your role within the network as a whole. Miners receive 60% of the verification reward, while 30% goes to those who are staking. The last 10% goes to fund costs for network development.

Decred also has Politea which is their censorship-resistant blockchain-anchored public proposal platform which is called Politeia.

With Politeia, Decred manages the submissions and discussions that surround the project’s governance proposals.

These are submitted by the Decred community on the web platform, which oversees submitting, discussing, and browsing of these proposals.

Decred also allows for Atomic Swaps on its network and it has implemented the lightning network.

💰️ Token 💰

Decred, or DCR, are the native digital currency of the Decred network. They are used for payments on the blockchain.

The project officially launched in February of 2016, and continues to show progress in the cryptocurrency community. Decred has a max supply of 21 million DCR, with roughly 10.5 million currently in circulation.

👨‍💻️ Team, Partners & Development 👨‍💻

Leading the Decred efforts is the project’s CEO, Jake Yocom-Piatt. Decred’s CTO, Marco Peereboom, brings more than 25 years worth of software engineering experience to the team

Alex Yocom-Piatt is one of the lead developers on the team, working primarily on Decred’s wallet GUI, Decrediton.

This team is helping to drive the roadmap for Decred as well. There are plenty of high profile updates on the horizon.

One such update is Decred’s decentralized exchange or DEX. With a DEX, Decred is making it possible for users to exchange coins with one another without needing a centralized platform.

📈 Trading & Wallets 📈

Decred is listed on exchanges such as CoinEx, MXC, Binance, Huobi, Bittrex and a few others. CoinEx has the bulk of the volume across Tether, Bitcoin and Bitcoin Cash trading pairs.

Looking a bit deeper into Binance’s Bitcoin Decred order books you can see that they are relatively deep and with decent turnover and a reasonable bid – ask spread.

For storage there are quite a range of wallets that you can use. If you want to earn staking returns then your best bet is to consider a wallet like Decred’s Decrediton.


📜 Disclaimer 📜

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading Forex, cryptocurrencies and CFDs poses considerable risk of loss. The speaker does not guarantee any particular outcome.

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