Decred is a new Cryptocurrency with a lot of new features and implementation of Hybrid PoW and PoS using BLAKE256 algorithm.
The developers have taken quite innovative approach for developing this Cryptocurrency
Below are the implemented technology regarding Decred:
1. Hybridized proof-of-work proof-of-stake consensus system to strike a balance between miners and voters and create a more robust notion of consensus
2. Blake-256 hashing algorithm – not vulnerable to many of the numerous security issues facing Merkle-Damgård construction-based hashing algorithms such as SHA-256
3. secp256k1 signature scheme for ease of integration into existing software or Ed25519/secp256k1-Schnorr to take advantage of Schnorr signatures and their features
4. Written entirely in Go using a modular, well-documented, and tested codebase for long-term maintainability.
In an effort to create balance in the network distribution of Decred, a cryptocurrency airdrop was created for anyone who wants to participate in the development of the project.
This currency has a lot of potential to succeed due to its features and methods. Therefore, it is an open opportunity for all community to take part in this very new Revolutionary commodity which aims to change the world.
To know more, you can visit to Decred's official site:
https://www.decred.org/
