Decred is a hybrid cryptocurrency unit defined as a mix of Proof of Work (PoW) and Proof of Stake (PoS). The main goal of the cryptocurrency project, which gives all control to the community through its internal governance mechanism, is to ensure long-term value appreciation and to maintain stability in the long term instead of short-term spikes. Decred possesses certain features of both Proof-of-Work and Proof-of-Stake models.
This positions Decred a step ahead in functions like transparency and voting compared to other cryptocurrency projects. Released as a decentralized and autonomous network based on blockchain, the Decred network enables inter-token trading and exchange, also known as atomic swaps.
The atomic swap feature introduced by Decred developers is seen as one of the advantages that highlight the DCR Coin. Decred Coin, which can be used and staked for Proof-of-Stake, can also be mined. Decred, with its feature that allows people without mining hardware to also mine, has established a quite interesting balance.
Like the leading cryptocurrency Bitcoin, Decred Coin was designed to have only 21 million units. 60% of the supply is allocated to the PoW mechanism, i.e., miners, while 30% is distributed as rewards to stakers, and 10% is set aside for project developments.
So, where and how exactly can one acquire DCR Coin?
How and where to buy DCR Coin? As expected, it can be purchased via Binance.