Decred - Definition from the Hotspot Shield Encyclopedia
Decred is an open source cryptocurrency that was created as an alternative to the other cryptocurrencies on the market.
Decred uses a proof-of-work and proof-of-stake hybrid to create a robust system. The currency also uses the Blake-256 hash algorithm for security, and the secp256k1 signature scheme, its code aims to provide long-term stability and maintainability. The cryptocurrency aims to provide open development with a multi-stakeholder system that encourages participation from anyone who wants to make improvements. The open source currency features a wallet service for the transaction of the coins. The currency uses a mining process for the creation of coins similar to that of Bitcoin.
Download Hotspot Shield. It’s Free!
Join over 500 million users already enjoying absolute Internet Freedom around the world by downloading Hotspot Shield VPN.