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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