What is Decred?

Decred (DCR) is a coin that may interest you because it is open, progressive, and self-financing cryptocurrency.
Decred is an altcoin that was created by Bitcoin developers. They corrected the most important flaws of BTC such as block scalability, incomplete privacy, mining complexity. At the same time, Decred coin managed to preserve the best technical characteristics of Bitcoin.
The creators of Decred implemented its voting protocol using a hybrid system that combines Proof of Work and Proof of Stake mechanisms. Such a mixed system compensates the shortcomings of PoW and PoS: miners still receive a reward for generating blocks, and verifiers – for confirmations. As a result, the high reliability of the network and the consent of its participants were achieved.

As it often happens in the Crypto World, a participant of the project, who does not agree with its policy, breaks down with the team and creates, according to his/her version, an improved product. The situation with the Decred cryptocurrency turned out to be the same: in 2014, the part of the team working on the btcd platform began developing its own project. The main task of this project was to fix the shortcomings of Bitcoin.
The Decred project was released in 2016. As a result, it was Decred that appeared as the most interesting project of that period.
By the way, for the sake of their “brainchild” popularization, the developers started their project from the free distribution of a small amount of DCR, using the so-called landing method. The first 5000 participants could get Decred coins for free.