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.
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