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deCRED (BITCOIN 2.0) - What is it? Time to buy??? Info & Techs by daverex

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· @daverex · (edited)
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deCRED (BITCOIN 2.0) - What is it? Time to buy??? Info & Techs
![](https://steemitimages.com/DQmTeoyBtG2mKFsrxQmH3NKBVNgqhhXJqqeR4tWfh9go6bA/image.png)
Chart Link: https://goo.gl/J6DL3p
Here are the trend characteristics I look for when investing ... aggressive up-cycle accompanied by a relatively calm down cycle ( Bull Staircase Trends).



What is DECRED?

Decred is a very undervalued crypto-asset.  Some even say its Bitcoin 2.0 and the sleeping giant!  Basicly its a redesigned from the ground up bitcoin, fixing the kinks and solving the problems Bitcoin now faces.  I still own bitcoin but a majority of my investment is in deCRED.  Its a hybrid proof of work and proof of stake... as a coin holder you can vote for upgrades.  Its an ever evolving coin that has unlimited potential.

https://www.decred.org/



Good source to get you started
<iframe width="560" height="315" src="https://www.youtube.com/embed/428acb4jwBM?ecver=1" frameborder="0" allowfullscreen></iframe>
*Invest at your own risk


Via Reddit
https://www.reddit.com/r/decred/comments/6hz1le/what_is_decred_and_why_invest_in_it/


I consider Decred to be better than Litecoin and Dash but it only has a small fraction of their market cap....................But why is it better?

Better tech and a management model that lets the community vote on the direction the coin will take.  The voting is tied to the unique PoS system which allows you to either create a full node yourself (better profits) but you have to basically run it 24/7 and thus strengthen the network, or you can "lease" your coin to another PoS node (a PoS pool) and receive a smaller reward (the node takes a percentage) but you don't have to keep your PC running 24/7. People are incentivized to hold some Decred because it basically gives them voting rights. This helps support the price and gives the coin an extra use. The challenges facing Bitcoin right now are largely due to not having a built-in way for the community to control the direction of the coin. This issue was recognized early on by the Decred developers (some of which were former developers of Bitcoin) and is one of the core tenants of Decred on both a philosophical and technical level. For example right now the community is voting on Lightning Network support.

It also has PoW which further strengthens the network with strong proof of work (the two systems PoS/PoW work together in a unique way) and a better algorithm than the SHA256 that Bitcoin uses, or Scrypt that Litecoin uses. Miners receive rewards like any other PoW system, but some is also set aside for each new block to fund further development of the coin, so no need for a foundation with donations, ala Bitcoin/Litecoin. Remember that crypto currencies are fundamentally a new type of software and software requires continual development and support, so again the Decred developers addressed from the start one of the fundamental problems facing any successful crypto currency.

They are also ridiculously transparent. Constant stream of development changes/fixes. Open to the community. Not interested in pump and dump - they continue to execute the shared vision of the community with amazing professionalism. The more I've learned about Decred over the last year or so I've been attached to the project, the more impressed I've become. They are a bit weak on the marketing side, but that's actually refreshing in a way - a team devoted to the fundamentals first and foremost. As Decred matures I believe it will go from strength to strength. Once it has a more user friendly wallet (current wallet is not bad, but still needs some work) and some more features (looks like Lightning network vote will pass, but we'll see) then a marketing campaign could really put this coin into the stratosphere!



The Why & How???

1) Why should Decred be worth more than it is right now? Because it has better fundamentals than pretty much all of the coins with a bigger market cap. It is the first coin with a governance system built-in that makes it painless to get consensus based hardforks. If you think that's pointless, you should look at the drama and stress surrounding BTC right now with miners wanting one thing, users another, Core against it, Roger Ver for it, etc. You get none of that with Decred as holders/stakers are the law.

2) How does the PoW and PoS work?
PoW blocks are validated by stakers. Stakers purchase ticket on the Decred network and spend those tickets voting to validate blocks, getting a reward for it. Ticket rewards have a pretty good return right now, about 2-3% per month, so there's an incentive for staking and make the blockchain secure. Even if a PoW pool gets 51% hashpower stakers can still secure the net by invalidating malicious blocks. Hope that answers your questions.
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@salinapate011714 ·
Interesting discussion. Same mindset here. There's a lot of exchanges out there. I found that coinmarketcap.com gives quite a decent overview.  I found this amazing platform: https://www.coincheckup.com For a complete crypto analysis on every single tradable crypto out there.
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