Home Altcoins News Worth Watching Videos on Decred (DCR) Fundamentals

Worth Watching Videos on Decred (DCR) Fundamentals

Decred DCR Video

Decred (DCR) pointed to:  DCRDEX, a p2p atomic swap DEX, has more DCR liquidity than all of the CEXs combined. How many other projects can say this? How would your favorite project do in a world where regulators are hostile towards cryptocurrencies and used the CEXs to clamp down on them?

Decred makes use of Proof of Stakes to make better decisions and come to an agreement. Ticket Voting System is the fundamental in DeCred using proof of stake to make improved decisions and come to an agreement. There is a You Tube video on this topic and it is useful for those who want to know extensively about it.

Rather than using POS as an independent security mechanism it’s used as a verification and governance mechanism which is arguably its original intended purpose. The video explains how Decred’s ticket voting system works and how users can participate.

For clarity, Decred is an autonomous digital currency. With a hybrid consensus system, it is built to be a decentralized, sustainable, and self-ruling currency where stakeholders make the rules.

The next thing about Decred fundamentals that users should know is about Private Digital Money. Should digital money by private or are we happy to share our financial data?

Privacy is yet another one of those elements of crypto currencies that is all too often dismissed as being unimportant. It’s not until privacy is gone that you will need it the most. Decred has an elegant solution to privacy that makes it functional, easy to maintain and with high throughput all without the need for a third party service provider or custodian.

A quote by Edward Snowden sums up privacy perfectly – “Arguing that you don’t care about the right to privacy because you have nothing to hide is no different than saying you don’t care about free speech because you have nothing to say.”

Decred is an autonomous digital currency. With a hybrid consensus system, it is built to be a decentralized, sustainable, and self-ruling currency where stakeholders make the rules.

The DeCred Fundamentals videos are getting better and better. Those who want to know more about fundamentals should check these videos as they are updated.

Community response:  It should be private. However, I don’t think that it is possible to be a high-ranking if you are a privacy coin due to the government regulations that will force most CEXs to delist privacy coins in order to comply.

This compliance will really drive a bunch of delistings in September of any coins exchanges can’t KYC the addresses of.

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dan saada

Dan hold a master of finance from the ISEG (France) , Dan is also a Fan of cryptocurrencies and mining. Send a tip to: 0x4C6D67705aF449f0C0102D4C7C693ad4A64926e9

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