Decred is powerful because of its decentralized governance and decision-making. Decred is one of the most promising and undervalued projects out there. While, we have several interesting cryptocurrencies out there, the majority of them suffer from governance issues.
A contradictory opinion from a commentator states that he has difficulty compared to other projects in terms of identifying the use cases. He further stated that the lack of marketing is another reason for the lack of wide spread adoption.
Some supporters have to state that Decred is only 4 years old and that it is not possible to rush the price. There were others who agreed on the fact that Decred is suffering from lack of awareness and that supporting their promoters in the slack did not help; however, the developers and the project lead were not for money and they just did buy it low and decided to sell it when it is high.
Some people who are investors yet commented stating that they are not investing because of low liquidity. Some stated that governance is useless when there are no users – that was extreme pessimism and naysaying.
Sydney Ifergan, the crypto expert tweeted: “Decred (DCR) is good. A good governance can bring in more miracles and add to the users with proper projects in no time. Looking to see DCR grow.”
Of late, some of them have been talking about the Decred privacy mixing coming to the Decred Wallet in the very near term. At present, they stated that Decred Mixes around 80K to 120K DCR per day. Further stated that by Gut feel, they are set to hit the minimum steady state of nearly 300K + DCR/day following the GUI release, which is set to be 2.5% of the supply mixed every day, which is worth getting keen about.
Decred (DCR) Network Security
The Decred Proof of Stake concept provides a way for DCR holders to contribute to network security. Anyone will be able to changes in the consensus rules of the network by a formal say. They can also take decisions about spending in development funding. Therefore, the participation rates are high to ensure network security.
During the lockdown Decred generated tons of amazing content and lot of discussion are getting generated in this regard. While someone commented about the community marketing efforts, the Decred bi-weekly news update on June 23, 2020 – at the 0:51 minute have spoken about the community marketing efforts.
For those who are naysaying Decred attempts would do well watching the community updates for good.
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