KuCoin announces today that they have listed Decred DCR. The DCR token is now available for deposit with trading pairs DCR/BTC and DCR/ETH. Buying starts at 19:30 UTC+8 and selling/withdrawal at 20:00 UTC+8.
Transactions are done using KuCoin’s Android and iOS apps, or through their official website, www.kucoin.com.
About Decred DCR
Decred (DCR) is known as a cryptocurrency that concentrated on the decentralized governance and decision making on the blockchain. The mission is to build a cryptocurrency that runs autonomously, with progress voted on and enacted directly by the miners and holders of the currency.
Decred includes some fundamental changes from the Bitcoin protocol that it’s based on to accomplish these decentralizing goals.
What Decred aims to fix?
Decred’s developers are crypto-enthusiasts and early Bitcoin adopters, but they identified incapability in the way Bitcoin operates. As mining operations have developed, Bitcoin’s decision-making process has become more centralized, with the most prominent mining businesses holding huge amounts of power over the Bitcoin development means. Also, while some Bitcoin improvements can be accomplished via a soft fork, almost all upgrades that include a meaningful change to the Bitcoin software require a hard fork from the old blockchain.
The Value Of Decred
Decred lately illustrated and successfully achieved the world’s first direct on-chain user-activated hard fork. It signifies a vital technological step toward sophisticated stakeholder governance where users vote on-chain on the course of the project and make arrangements together.
Public Proposal System
Introduction of the first censorship-resistant and blockchain-anchored free proposal system, which enables users to propose their own projects to Decred for self-funding from the project’s block subsidy.
Reform Decred into a stakeholder-directed distributed autonomous organization (DAO), whereby users are granted further authority of development finances through voting.
Add Lightning Network help to Decred. The two projects’ respective lead developers operate closely together – lnd and Decred are based on btcsuite, which was also produced by Decred’s developers.
Enhanced User Privacy
Highly anticipated project within Decred expected to attract widespread attention.