Dear ATOMARS Community,
We are pleased to announce the listing of the DECRED (DCR) on ATOMARS exchange. DECRED (DCR) deposits are effective starting from October 8th, 2019 and the following trading pairs will be available: DCR/BTC and DCR/ETH.
DECRED PROJECT SUMMARY
Decred (or Decentralized Credit) is considered in many circles as Bitcoin 2.0, as it seems to have adopted some of the most liked features of Bitcoin and added better governance, reduced miner influence and cross-chain atomic swaps. These additions make it easy to switch from one cryptocurrency to another, along with stronger decentralization. The long-term financing and development quality makes it one to watch out for in the digital currency space.
The Decred coin offers its stakeholders complete autonomy for decentralized decision making and effective transition between different sets of rules. DCR is the symbol that denotes the cryptocurrency. It has a total supply of 21 million coins. Company 0, a Bitcoin development firm based in Chicago, launched the Decred mainnet on February 8, 2016. On April 25, 2017, Decred 1.0.0 was released, which allows for proof-of-work/proof-of-stake hybrid consensus.
Decred adapts and scales changes in the blockchain by using a modular codebase, meaning that users can easily add or remove features. DCR also uses the Lightning Network (LN) which allows for near-instant micropayments. This is not so different from Bitcoin, with a process that takes half the time. As such, it presents a strong competition to the existing fiat system.
DECRED (DCR) FEATURES
1. Better Governance: Decred’s USP is enabling inclusiveness in decision making via voting, making it a peer-to-peer network with limited miner influence. The stakeholder governance feature is a unique feature that allows its community to direct projects and reward them in the process. Stakeholders who vote on each block and collect subsidies are determined by a lottery system. Furthermore, it features a decision-making system through the Decred Assembly. Users get the option to vote yes or no on empty mined blocks. By participating in this governance model, stakeholders are able to earn 2.25%. Long-term investors will be attracted to Decred because of this.
2. Progressive Privacy and Security: Decred uses SPV (Simple Payment verification) support for its users. This enables them to make quick payments without having to download the entire blockchain whilst also maintaining transaction security through their wallets which interact over a peer-to-peer network. On a regular basis, new technologies are being implemented and are always on-demand to respond to attacks. Schnorr signatures are built with threshold n-of-n support which makes it impossible for participants to reveal who authorized or did not authorize a transaction.
3. Ease of Currency Convertibility: Decred does not depend on centralized exchanges to swap different digital currencies. Its users can carry out trustless over-the-counter (OTC) trades via cross-chain atomic swaps that do not involve a third party. Interoperability is improved between currencies and can cater for new efficiencies that increase investor value. By using Lightning Network payment channels, you get more powerful atomic swaps which are easier to implement than what is obtainable on Decred’s peer currencies.