What is Decred(DCR) coin, should I buy it?

Decred has a symbol of DCR. It is a filesharing and storage blockcain cryptocurrency.

Decred calls itself

Community-Directed, Superior Store of Value

It also has its own wallet called Decrediton.

DCR or Decred has 52,428 followers on coinmarketcap, ethereum has 2.4 million just for comparison.

You can buy DCR on binance, and huobi.

DCR is mineable just like bitcoin. It uses Hybrid PoW & PoS mechanism. Decred is also influenced by Bitcoin and utilizes many of its principles

Current circulation is 13,578,515 DCR, max supply will be 21,000,000 DCR.

Why filecoin is different?

  • Its decentralized nature tries to prevent monopoly
  • Trying to ensure that all DCR holders have the same decision-making power
  • created a dedicated voting platform called Politeia

combines both the proof-of-work (PoW) and proof-of-stake model (PoS)

Use case: Average
Long term holding: Average
Tech: Above average

Buy DCR or not?

If you are more into utility coins also management side of the blockchain then it will be a good long term investment for you. Consider it 5/100 of your portfolio strategy.

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