The continuous journey of KuCoin Exchange to identify the best blockchain based projects in the modern society has led to the listing of another promising decentralized project called Decredwhich is an autonomous digital currency.
Today, Decred's transaction token DCR is available for deposits with trading pairs DCR/BTC and DCR/ETH.
Buying commence at 19:30 UTC+8 while Selling and Withdrawal at 20:00 UTC+8 utilizing KuCoin's Android and iOS applications or directly to their website at www.kucoin.com.
About Decred DCR
Decred (DCR) strives to be the next best cryptocurrency to come after Bitcoin. It works to set itself apart from the others by asserting that the project’s community is the one entirely in charge. While this anticipates well with decentralization, it continues to be seen if that will be the case going ahead.
The most prominent feature of Decred is its hybrid consensus algorithm. The platform is intended to support both proofs of work and proof of stake systems. That suggests users can either be a miner or engage through voting.
The project offers smart contracts and has cross-chain capacities that will also allow atomic swaps. In extension, there’s support for cross-platform wallets, and it is essential as it makes it simple for a user to have a single wallet for numerous crypto assets.
The platform’s modular architecture is also beneficial to it. The network’s scaling is improved, rendering the platform with possibilities to grow. It is in position with its modular infrastructure that enabled developers to code the pioneering user-activated voting protocol. It is believed that this feature will help make the project’s management to be fully run by the community.
The DCR Token
The DCR token appears to profit from a lot of hype produced around the project. The token is amongst the top performers this with a spike in value pushing it past the $85 level before it dropped back to $78. The 7-day price evolution has seen the token gain by +38% and by +18%.
There are several coins on the market with substantial price moves, but don’t have any underlying depth. Decred (DCR) is a positive platform that can go on to become a successful cryptocurrency project.