Decred is a modified version of Bitcoin. The project's mission is decentralization of the blockchain. It uses a Proof-of-Work consensus protocol for validating transactions. The Decred (DCR) coin is used for decision making, mining and governance. DCR coins are rewarded for both the mining and stake verification processes. DCR is the native token of Decred that can be used for the transfer of value. Users can also stake their DCR tokens to earn rewards for transaction validation. Programmers receive DCR tokens as rewards through the Bug Bounty Program. Decred is in the process of implementing Lightning Network. Users can buy and trade DCR coins on cryptocurrency exchanges such as Poloniex or Bittrex.
How To Buy Decred or Add it to your strategy
The fastest, most convenient way to purchase Decred is to purchase it on ICONOMI. We check Decred live prices on 10+ crypto exchanges and buy it at the best market price.
You can buy Decred by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.
We recommend you do your own research and cryptocurrency analysis. Experienced crypto trades use fundamental and technical analysis to evaluate if Decred is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).
If you are unfamiliar with analyzing cryptocurrency prices and want to buy Decred, we recommend you read the next section, as copying might be a better approach.
Add Decred to your portfolio by copying a Strategy
If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have Decred in their structure.