Have you ever heard a story about an immensely talented and promising young person, who is overshadowed by a more popular sibling? The tale of Decred (DCR) and Bitcoin fits that scenario perfectly.
Decred is an old-timer among cryptocurrencies as it has become present on cryptocurrency exchanges back in early February 2016.
The price of DCR at the time of entrance was revolving around $1 per coin, followed by short uphill hikes to $2,3 and descends to $0,4, accompanied by an insignificant trading volume. Such a situation held for more than a year until March 2017, after which the price movement started to get really interesting.
But let’s take a short detour in order to understand why Decred has such unique fundamental value. DCR is a fork of Bitcoin that occurred at the curtain fall of 2015. The team behind this project placed a specific emphasis on the development of a hybrid consensus algorithm that combines proof-of-work and proof-of-stake protocols. It enables the network to carry out stakeholder governance based on a balanced voting system that includes miners and validators.