Decred (DCR) – The sleeper hit of 2018 and a long-term hold for the patient investors

June 9, 2018

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Right off the bat, if you want a project you can invest long-term and have patience to hold it for 5+ years worry-free, this is it right here: Decred DCR.

The DCR market price got a big boost from the team’s activity on the Consensus 2018 conference in New York where the coin was one of the big hits.

Decred, started back in February 2016, is most known for its innovative governance model. As this article explains it in more detail, Decred (DCR) is a cryptocurrency with hybrid proof-of-work/proof-of-stake consensus that enables on-chain governance. Its proof-of-work mining is similar to Bitcoin’s, except each block has to be approved by a randomly-selected group of users who “stake” their DCR. In addition to approving a block, these selected stakers can also vote on changes to Decred’s consensus protocol, allowing them to influence the long-term evolution of the network. This architecture creates a fair system of checks and balances between users, miners and developers.

So, why is Decred a good long-term investment in our opinion:

The team behind are the creators of Bitcoin suite.
Devs are very active and updating the github on daily basis since the project started and they are focusing on development instead of hype and marketing.
It already supports Lightning Network and will soon have privacy feature, mobile wallet and DEX (The tools for atomic swaps everyone is using are created by Decred team).

A new kind of decentralized exchange (#DEX). #Decred https://t.co/lNxNqZmxk6 pic.twitter.com/Hfbkem2mDc

— Decred (@decredproject) June 5, 2018
Lightning network creators are working together with Decred team for LN implementation on top of their blockchain
They have a hybrid consensus mechanism – POS (Proof of stake) + POW. And Decred’s POS pays investors a good share (around 20% a year) and it’s very different from Dash and other POS coins where you need to be rich to participate.
You can delegate your votes to a pool and not have to run a reliable 24/7 server is pretty amazing and makes the staking easy to use.
Charlie Lee, founder of Litecoin and one of the most influential people in cryptoverse, is an advisor of Decred
Stakeholders are locking up 46% of Decred’s total supply for the POS consensus which makes the coin even more scarce.

Read: Best Crypto Exchanges for 2018

Read: Best Altcoin Debit Cards for 2018

We believe the Decred team and overall project is undervalued in the crypto community. The coin has not gained as much media presence and coverage as Litecoin (LTC) or Bitcoin Cash (BCH), but it has managed to stay alive and grow for years with a rabid community behind it. Decred is also one of the few coins working on atomic swaps with the Bitcoin and Litecoin networks.