02-26-2020, 11:09 PM
Beginner-friendly 10 page fundamental report on Decred released today.
<!-- SC_OFF --><div class="md"><p>Source: <a href="https://cryptoeq.io/coreReports/decred-abridged">Decred Report</a></p> <p><strong>Overview</strong></p> <p>Decred (DCR) describes itself as an autonomous digital currency. Decred is similar to Bitcoin as a decentralized, peer-to-peer blockchain, with store of value, unit of account and medium of exchange features necessary to be money. However, DCR boasts several key differentiators including on-chain governance, a self-funding developer fund, and a hybrid Proof-of-Work/Proof-of-Stake (PoW/PoS) consensus algorithm.</p> <p><strong>Decred Strengths</strong></p> <ul> <li>Self-funding hybrid consensus mechanism means the project does not rely on donations and Politeia allows community to vote on how funds are spent</li> <li>Employs a hybrid PoW/PoS consensus mechanism which gives the PoS miners some say in the future direction of the chain and also acts as a checks-and-balance system to guard against any potentially malicious miners</li> <li>Relatively high staking participation (~ 50% of supply) and competitive staking rewards (~ 10%)</li> </ul> <p><strong>Decred Weaknesses</strong></p> <ul> <li>High USD cost (~ $2700) to purchase a ticket and participate in the network (although there are workarounds like staking pools)</li> <li>Relatively high inflation (~13.5%) when compared to bitcoin and other SoV coins</li> <li>Cost of ticket is increasingly becoming more volatile and variable</li> <li>Decred is competing directly against bitcoin for a digital store of value wherein the latter has an enormous head start in terms of network effects, security, and adoption</li> </ul> </div><!-- SC_ON --> Kind Regards R
<!-- SC_OFF --><div class="md"><p>Source: <a href="https://cryptoeq.io/coreReports/decred-abridged">Decred Report</a></p> <p><strong>Overview</strong></p> <p>Decred (DCR) describes itself as an autonomous digital currency. Decred is similar to Bitcoin as a decentralized, peer-to-peer blockchain, with store of value, unit of account and medium of exchange features necessary to be money. However, DCR boasts several key differentiators including on-chain governance, a self-funding developer fund, and a hybrid Proof-of-Work/Proof-of-Stake (PoW/PoS) consensus algorithm.</p> <p><strong>Decred Strengths</strong></p> <ul> <li>Self-funding hybrid consensus mechanism means the project does not rely on donations and Politeia allows community to vote on how funds are spent</li> <li>Employs a hybrid PoW/PoS consensus mechanism which gives the PoS miners some say in the future direction of the chain and also acts as a checks-and-balance system to guard against any potentially malicious miners</li> <li>Relatively high staking participation (~ 50% of supply) and competitive staking rewards (~ 10%)</li> </ul> <p><strong>Decred Weaknesses</strong></p> <ul> <li>High USD cost (~ $2700) to purchase a ticket and participate in the network (although there are workarounds like staking pools)</li> <li>Relatively high inflation (~13.5%) when compared to bitcoin and other SoV coins</li> <li>Cost of ticket is increasingly becoming more volatile and variable</li> <li>Decred is competing directly against bitcoin for a digital store of value wherein the latter has an enormous head start in terms of network effects, security, and adoption</li> </ul> </div><!-- SC_ON --> Kind Regards R