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Home Projects Decred

HASHR8 Privacy Coin Reviews: Decred

Hashr8 by Hashr8
14th May 2020
6 min read
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Project Name: Decred

Coin Ticker: DCR

Market Cap: $196,047,395 (As of 3 March 2020)

Exchanges: https://decred.org/exchanges/

Mining Algorithm: Blake-256

Block time: ~5 min

Original code base: btcsuite, written by the Decred developers

Founder’s reward or analog: 4% https://docs.decred.org/advanced/premine/

Development Team: https://decred.org/contributors/#development

Privacy Protocol:

How does the project protect users? https://blog.decred.org/2019/08/28/Iterating-Privacy/

Explain the Anonymity Sets (per txn): https://blog.decred.org/2019/08/28/Iterating-Privacy/

Privacy By Default: Currently set top opt-in today, it can change in the future.

% tx Anon: 16% as of 1/20/20

Wallets: https://decred.org/wallets/

All info is here in the docs: Decrediton, CLI, SPV, Lightning Network, privacy, hardware https://docs.decred.org/wallets/decrediton/decrediton-setup/

What makes your wallet easy to use?

GUI is super intuitive-it’s been described as the best in crypto.

What are you doing to make the wallet more user friendly? There are always issues and work being done https://github.com/decred/decrediton

What OSs does it support: Linux, Mac, Windows

GUI Wallet: Yes

Mobile Wallet: iOS and Android

https://github.com/decred/dcrandroid https://github.com/raedahgroup/dcrios

Why is privacy important to your project team? https://blog.decred.org/2019/08/21/Surveying-the-Privacy-Landscape/ https://medium.com/decred/decred-privacy-taking-the-long-road-62d218223db6

What makes your project stand out above other projects?

Decred’s privacy implementation is simple, iterative, and audit-able. The three articles will communicate that in more depth.

What do you have in the works for future development?

Decred is working on a DEX https://blog.decred.org/2018/06/05/A-New-Kind-of-DEX/ https://github.com/decred/dcrdex

The DEX is designed to be fair, permissionless and anti-rent seeking.

Decred is also working on Lightning Network. It’s the only non btccore project to accomplish this. https://github.com/decred/dcrlnd It’s also working on ticket splitting via LN https://blog.decred.org/2019/11/11/LN-Multi-Owner-Tickets/

Decred continues to work on privacy, likely will implement Bulletproofs in the future.

It’s also working on mutli-sig Schnorr signatures

Decred is also working to fully decentralize its treasury, which would make it the most viable DAO because it controls the base layer. https://proposals.decred.org/proposals/c96290a2478d0a1916284438ea2c59a1215fe768a87648d04d45f6b7ecb82c3f

What is the path to mass adoption of your project?

The path to mass adoption of Decred likely follows that of Bitcoin. It is designed to be a superior store of value first. It’s more secure, adaptable, and sustainably funded. As a MoE, LN and mobile wallets will enable Decred to be used for payments, and LN will be interoperable with BTC & LTC.

Important links:

Almost all information can be found in our docs, and the best content is here: https://docs.decred.org/getting-started/reading-list/

This article was originally shared on Hashr8’s Medium.

About H4SHR8

HASHR8 Podcast is presented by HASHR8 OS. HASHR8 OS is a Linux-based operating system designed to help you increase the efficiency of your mining machines and maximize your overall profitability. Now with ASIC and GPU support, HASHR8 OS provides the best experience in crypto mining, allowing you to manage your facility from any mobile device. HASHR8 OS is mining as it should be.

Take complete complete control of your mining operations today at https://os.hashr8.com

Listen to the Hashr8 Podcast here.

Hashr8 is the go-to source for information on cryptomining news and technology.  We produce a weekly podcast discussing cryptocurrency, mining, and blockchain tech.  Also, we draft relevant articles and reviews on all things Cryptomining. For our enterprise clients we provide facility design, outfitting, facility management and optimization services to industrial farms and data centers.

Website:

https://hashr8.com/

Podcast:

Apple: https://podcasts.apple.com/us/podcast/hashr8-podcast/id1450932045

Google: https://tinyurl.com/y567arqx

SoundCloud: https://soundcloud.com/h4shr8

Spotify: https://open.spotify.com/show/2CLetGT20MFsHqfeBN3fYl?si=D2mU_aK_TOa4PwQ54d2kLQ

Stitcher: https://www.stitcher.com/s?fid=385186

The Daily Chain – Inform. Educate. Succeed.

Tags: Decredhashr8MiningPrivacy
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Hashr8

Hashr8 provides comprehensive cryptomining solutions at scale for industrial facilities and power suppliers around the world.

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