RATE Group | Decred Is The Bitcoin You Wished BTC Could Be
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Decred Is The Bitcoin You Wished BTC Could Be

31 Jul Decred Is The Bitcoin You Wished BTC Could Be

Posted at 18:05h in Bitcoin News by

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Decred (DCR) is a proof-of-work (PoW) cryptocurrency that has the same coin supply as Bitcoin, but what differentiates it?

Decred is essentially “Bitcoin with governance”. Many analysts attempt to categorize coins by industries, and the Level 1 hierarchy usually has three categories: currencies, platforms and applications. Decred is a currency that aims to be a store of value and medium of exchange, while improving on some of the drawbacks of Bitcoin.

Value is ultimately given to currencies like Bitcoin and Decred due to their properties that make them “better money” than sovereign-backed fiat currencies. Money must serve three primary functions:

  1. Be a Store of Value (SoV): Prerequisites include immunity to theft, credibly low inflation, and low cost of conversion. Cryptocurrencies are generally considered better stores of value than let’s say gold because there is no storage cost, reduced risk of physical theft because of multi-signature hardware storage, no capital…

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