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      Everything you need to know about Decred (DCR) - Stocks Telegraph

      By Ammar Mukhtar

      Published on

      December 10, 2021

      5:14 AM UTC

      Everything you need to know about Decred (DCR) - Stocks Telegraph

      Decred is based on a Bitcointalk forum proposal for the Memcoin2 cryptocurrency from April 2013. Tacotime, a Bitcointalk user, proposed the new cryptocurrency and collaborated with _ingsoc, another Bitcointalk user, and Jake Yocom-Piatt to implement the hybrid (combining elements of public blockchains characterized by decentralized data and control and distributed governance and private blockchains primarily characterized by low latency and high scalability) Proof-of-Work (“PoW”) / Proof-of-Stake (“PoS”) consensus system from Memcoin2 to create a new project known as DCR.

      Essentials of Decred

      PoS was a significant development in the blockchain world, allowing users to stake their coins and so have a vote in the blockchain’s governance system. People are chosen to participate, and as a result, they are granted the authority to reach an agreement on governance.

      When explaining Decred, there are three key stages to consider:

      • The first is security, as the Proof-of-Work (PoW) – Proof-of-Stake (PoS) consensus method makes it much more difficult to hack than other PoW or PoS consensus chains.
      • The second feature is flexibility, which allows proposals to be promptly and fairly examined and adopted.
      • The Decred ecosystem’s resilience is the third factor to consider. It is centered on long-term objectives and long-term growth. The initiative has argued for decentralization from the start. Decred’s self-funding method, which was created to overcome the problems associated with traditional crypto project fundraising, exemplifies this.

      Price Movement – Decred

      At the time of writing DCR is being traded at the price of $88.06 with a decrease of almost 3.39% in the last 24 hours. DCR is a really strong token fundamentally. The maximum and minimum today are $100.08 and $87.11 respectively. The daily trading volume has increased by almost 179.04%. DCR had created its ATH in April 2021 and reached a price of almost $250. Even after the reversal, DCR still hasn’t been able to recover from the damage and is trading even lower than the bottom of June 2021.

      Price Prediction – Decred (DCR)

      According to wallet investor thinks that DCR is a good investment. According to them, in one year, DCR would be worth around $196.995. In a five-year time span, the price is expected to reach a value of $610.347.

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