KuCoin’s state-of-the-art exchange platform has once again proven its great success as they have listed another promising blockchain based project Decred DCR.
DCR token is now available for deposit with trading pairs DCR/BTC and DCR/ETH. Buying commence at 19:30 UTC+8 and selling/withdrawal at 20:00 UTC+8.
Transactions are done utilizing KuCoin’s Android and iOS apps, or on their official website.
What is Decred?
Decred was begun by Chicago-based Company 0 in February 2016 to solve to achieve Bitcoin’s original design of decentralized finance. It utilizes a Proof-of-Work and Proof-of-Stake hybrid named Proof-of-Activity for consensus, and because of this; it became the first crypto project to establish a protocol change through an on-chain vote in June 2017.
Decred’s Decentralized Community
The Decred team is dedicated to fixing the weaknesses in Bitcoin, and that involves securing the community is incentivized to participate. It hits a balance between miners and staking verifiers by giving both a portion of mined coins, while also establishing a development pool. It hopes this will keep it in the cryptocurrency news and people crowding to the Decred website.
Unlike many other blockchains, Decred enables anyone to submit a proposal for improvement, which is approved or rejected by the Decred Assembly. The Assembly is an assembly of vetted Decred users who have been voted into the council. Once an enhancement is fully progressed and tested, it’s added to the source code as dormant code, which is held until 95 percent of the prior 1000 blocks have been mined with the updated code, and 75 percent of stakeholders on the past 2016 blocks have the renewed code.
The DCR Token
DCR is the native currency representation for Decred’s token. The supply was twenty-one million as its maximum. Presently, more than 8 million is distributing on the crypto market. The hybridization provides a balance among stakeholders and miners. It supports many kinds of good supports to secure the network. Not all coins are mined. Therefore, possibilities still await new miners.
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