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Why Decred (DCR) is the new Bitcoin




Of the many similarities Decred (Decentralized Credit) shares with Bitcoin, its steady bullish recent price growth very similar to BTC’s last year is what probably first draws more attention. Take a look at this graph:


Since its inception, Decred has grown around 11600%, rising to #30 in market cap. Since the beginning of 2018, many big altcoins had huge losses in growth, including Ripple, which lost 34% of their average market cap, and Nano, which lost 64.17%, while Decred grew 23,02%

Also, this is the Rate of Change in relation to Bitcoin for Ripple:


And this is Decred’s:


Decred is, financially, in a really good position right now. And when saying that Decred is the new Bitcoin, it’s not as a “silver standard” like Litecoin. Decred is coming to be the Bitcoin 2.0 we need.

Besides having a relatively similar history and being developed by the team which developed the btcsuite, we could also say that DCR is a coin which serves for the same purpose like Satoshi’s does, and shares most of its good qualities, but added with some tweaks a lot of people thought were essential. Decred’s core fundamentals were actually based on an opinion piece published in 2015 outlining Bitcoin’s biggest challenges: governance, funding and powerful miners having too much influence on the blockchain. All of these three problems are solved with Decred’s clever hybrid consensus system.

That said, autonomy can be said to be the core of their mission. There is no central authority for decision making, as stakeholders are the ones who set the rules through voting, in a process which is intricated to their hybrid mining-validation system which is, yes, another main feature of Decred. We’ve seen voting before – some platforms like BitShares and Ark have a dPoS system, but the case is totally different in Decred.

Decred Tickets

Hybrid PoW/PoS system

Decred blockchain both employ miners create blocks and validators to validate them, creating a hybrid PoS/PoW ledger, though the validator staking system doesn’t work quite, in the same manner, it does in any usual PoS blockchain, like Cardano.

Blocks are mined as usual. Then, stakeholders lock some DCR to buy a “ticket” to put on some block created. 5 tickets are randomly chosen to validate each new block mined and if 3 of them are staked for the block, then it’s added to the chain. Tickets are selected to vote with an average time of 28 days. When mined and validated, 30 coins are rewarded, 60% going to miners, 30% to validators (voters) and 10% to Decred development subsidy.


Tickets can also be used to vote for or against proposed changes on the Blockchain. Votes are direct and not on delegates like on dPoS systems. They happen naturally. When a change is proposed, 95% of the 1000 new blocks created must have the latest block version (consistent with the upgrade) and 75% of the of the votes cast within a 2016 block interval must have the latest vote version. Then there’s the actual voting. After a Rule Change Interval (RCI – when 8064 blocks are created), stakeholders cast a “yes”, “no” vote or abstain. Then, the rules are: if there’s more than 90% abstentions or less than 75% majority of “yes” or “no” non-abstaining votes, the agenda will remain active for the next RCI; if 75% of the votes are positive, the change will be implemented in an RCI period; If 75% are negative, the agenda will never activate, the same happens if it the voting reaches its expiration date without a 75% “yes” or “no” majority.

A hard fork happens when a new consensus change is decided. Decred’s code is built to be prepared for several changes and additions. Implementing features necessary for the Lightning Network is an example of a voting which occurred in Decred’s voting dashboard.

Features of a hybrid Blockchain

This new mining-validation system allows profiting both from mining and staking. While still heavily ASIC-relying, sometimes staking pools or even running solo nodes will be more profitable than mining, leaving both people which can contribute with hashing capability for mining new coins and stakeholders with something to gain.

It’s evident how it solves those three fundamental problems mentioned before: in Decred, miners’ power over decisions is limited both because they share the block rewards with validators and because any changes have to be literally voted by the stakeholders. Leaving some of the block’s subsidy to Decred’s development also solves the funding problem. It’s no wonder why it’s growing so nimbly.

With all essential features which make Bitcoin the #1 coin and a similar recent history and dev team, but with a brilliant system which puts PoS in PoW, Decred is the best of both worlds. Or maybe, if time will tell, it’s the best in the world.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Bitcoin Surges After Tesla Bought $1.5 Billion Worth of BTC




The sudden rise of Bitcoin has been connected to the decision taken by the Tesla electric car company to buy $1.5 billion worth of Bitcoin.

The company explained in a filing with the Securities and Exchange Commission (SEC) that it bought Bitcoin to diversify its cash returns and more flexibility.

Musk’s Tweets also impacted Dogecoin’s price

Tesla also added that it will start accepting Bitcoin payments for all its products, although this will be based on a limited basis and applicable laws. If the company concludes and starts accepting cryptocurrency, it will make it the first major car manufacturer to accept Bitcoin payments. The company’s founder and Chief Executive Officer Elon Musk has developed an interest in Bitcoin and cryptocurrencies.

He has been tweeting severally about the viability of the Dogecoin (DOGE), which doesn’t have an important market value attached to it.

Few hours after endorsing Dogecoin, the cryptocurrency rose by an impressive 50%. But regulatory authorities are still concerned about the risks in cryptocurrency investments, with several regulatory bodies warning traders and investors they could lose all their money from crypto investments.

But for Tesla, the company decides to diversify its funds and increased its cash returns. However, Tesla also warned investors about the volatility of Bitcoin’s price in its SEC filing. According to the SEC…

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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange



Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited ( ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub ( ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Wisebitcoin Launches Professional-Grade Crypto Exchange



Infrastructure is developing rapidly in the cryptocurrency industry, but the recent launch of the Wisebitcoin cryptocurrency exchange is nonetheless significant in terms of the immediate value it provides to cryptocurrency users. That’s because the exchange has had a beta version available since 2018 while continuing further developments in stealth mode, and already serves over 1.2 million end users with $6+ billion in 24 hour trading volume at the time of its official launch.

In addition to the large user base and deep liquidity, Wisebitcoin also stands out by offering up to 100x leverage to margin traders, with the ability to open a long or short position in their futures market. In the current bullish environment, leverage is a key way that experienced traders increase their exposure and try to profit from volatility.

For example, if a user opened a long position on ETH on January 2nd at a price of $750, they could have greatly multiplied their profits with even a small amount of leverage such as 5x as ETH reached over $1,100 within 48 hours. A simple unleveraged position would have netted $350 in profit, but a 5x position would have netted $1,750 and a 100x leveraged position would have netted an incredible $35,000 in profits from an initial investment of just $750. 

Beyond leverage, Wisebitcoin additionally offers a simple and…

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