RATE Group | After Four Years, Is Decred Better than Bitcoin Yet?
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After Four Years, Is Decred Better than Bitcoin Yet?

08 Feb After Four Years, Is Decred Better than Bitcoin Yet?

Posted at 19:32h in Bitcoin News by

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Decred, a hybrid Proof of Work (PoW) and Proof of Stake (Pos) crypto network, turns four today. And unlike the average, fickle altcoin project, Decred’s message has been clear since 2016: Be a better Bitcoin. 

But how close has it come to achieving this objective? Crypto Briefing asked two of the protocol’s most active researchers to find out. 

A 10,000 Foot Perspective

The hybrid consensus mechanism used to mine each and every Decred (DCR) token is one of the protocol’s strongest selling points. 

Enthusiasts have indicated time and again that this mechanism is more secure than networks using exclusively one or the other. Understanding how it operates is relatively straightforward.

Like Bitcoin, miners in the Decred network work to produce blocks. Unlike Bitcoin, Decred’s blocks must be again verified by stakeholders, or in Decred parlance, PoS ticket holders. These tickets can be purchased with DCR tokens in an open auction. Every Decred block announces 20 tickets for…

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