Decred is a blockchain-based digital asset built with open-source code. The Decred crypto was poised to become a solution to the problem of Bitcoin’s decision-making becoming more and more centralized through the dominance of mining pools. Decred coin (DCR) uses a hybrid mining protocol, implementing both Proof-of-Work and Proof-of-Stake mechanisms simultaneously. DCR coin holders can either validate transactions for a staking reward or participate in the mining process. The POS-based infrastructure of the Decred coin allowed it to structure a voting system that requires no hard forks to move the network to a new set of rules. Several cryptocurrency analysts and experts have stated that the governance technology of the coin constitutes much of Decred’s value.
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