Decred is a community-focused cryptocurrency token aiming to develop blockchain tech for the long-term storage of value. The DCR coin is a core element in the system and is based on a hard fork of the core Bitcoin network. To ensure the best security and privacy level, the Decred network uses a combination of the Proof-of-Work and Proof-of-Stake consensus method.
This innovative consensus method called Proof-of-Activity also helps Decred maintain its community-focused features and scale the project according to potential demand in the future. Just like the core Bitcoin, Decred also has a supply cap of 21,000,0000. Since its inception in 2016, DCR has stayed a popular token among tech enthusiasts and cryptocurrency investors.
Decred Payment Benefits:- Scalable
DCR and the Decred network have been designed to combat the scalability limitations of the original Bitcoin project. - Hybrid Consensus Algorithm
The Proof-of-Activity consensus algorithm used by Decred offers additional protection from attacks. - People-centric
By accepting Decred, you get to be a part of a community that listens to what people have to say. As a result, the upcoming changes on the Decred network would be based on people’s choices. - Suitable for Everyday Transactions
On top of this, DCR isn’t as volatile as popular cryptocurrency tokens like Bitcoin. Therefore, it’s likely that more people will use the DCR coin to make everyday purchases.