KuCoin cryptocurrency exchange platform has listed another unique and promising project that will interest partners, traders or investors as part of their advanced expansion. The newly registered token is an autonomous digital currency called Decred DCR.
Deposit and trade transactions are available using trading pair including DCR/ETH and DCR/BTC.
About Decred DCR
Decred DCR is a digital asset that is autonomous, self-ruling currency, and stakeholders are empowered to formulate governing rules.
Decred has once endeavored to administer with blockchain governance. Its groundbreaking consensus voting system provides stakeholder and creates a way for a continuous and seamless development from a single set of rules to a different one. The decentralized ways of financing itself and making decisions have authorized individuals to build a solid, growing digital currency and available from any third party influences.
It was generated from absolute verified open-source technology. Its modular codebase is contributing a distinctive capacity to adapt quickly. It can also scale to the most current technology of blockchain. The technology began the first effective direct user initiated on-chain consensus vote. It represents a radical approach to the management of stakeholders. It is where the community of Decred manages the development and builds decision altogether. This project will allow individuals, groups, and companies.
How does it work?
Decred is a community-powered. Stakeholder engaging in the conceptualization of decisions will earn rewards for applications and contributions. The great contractor model and sustainable funding let anyone join on Decred any time of the day. These will also encourage its governance. The worth of the system is in the hands of people or group working on it. They put their forces together to create a decentralized future ahead on us.
DCR As An Autonomous Currency
DCR is the native and transaction token for Decred’s platform. Twenty-one million is its maximum DCR supply. At present, more than 8 million is distributing on the crypto market. The hybridization generated a balance among stakeholders and miners. It inspires any kinds of good supports to ensure the network. Not all coins are mined. Therefore, possibilities and opportunities still anticipate new miners.