Blockchain Investor Analysis

Decred

DCR
Current Price $16.95 (+2.74%)
Decred (DCR) which stands for decentralized credits, is a fork of Bitcoin that launched in 2016. Decred sets itself apart is through its hybrid consensus mechanism, which makes use of both proof-of-stake and proof-of-work systems, and its strong focus on community governance.

Our Rating:

Market

Problem that it solves

Decred solves the problem of governance by using a hybrid Proof-of-Work and Proof-of-Stake consensus algorithm.

Customers

As a payment coin, Decred is ideal for retailers and merchants.

Value creation

Value creation with Decred comes in the form of providing ways for shoppers to pay for goods and services. However, DCR adoption is very low.

Market structure

While merchants and retailers have been around since the beginning of time, Decred is working to create a new way to accept and receive payments.

Market size

There is great potential for the merchant and vendor market.

Regulatory risks

Just like other digital coins, government regulation could play a part in risk. However, it seems some countries are becoming more open to this as an option.

Average Market Score

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Competitive Advantage

Technology/blockchain platform

Decred is a fork of Bitcoin, the original decentralized digital currency.

Lead time advantage

Unfortunately, there are several other payments coins already well-established in the market. Bitcoin, Litecoin, and Dash are all significant competitors.

Contacts and networks

Decred is a well-developed project and has access to other players within the digital asset market if needed.

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Management Team

Entrepreneurial Team

Decred has a team with success in a wide variety of fields, including software engineering, open-source development, and electronic derivatives.

Industry/technical experience

The Decred team has the necessary experience to meet the 10,000 hour threshold.

Integrity

The Decred team promotes a project with transparency and honesty.

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Token Mechanics

Token required

DCR is a decentralized digital currency used for digital payments.

Value added

It's tough to see value with Decred when there are other, more familiar payment coins already available.

Decentralized

Decred looks to be quite decentralized with its hybrid proof-of-work and proof-of-stake consensus mechanism.

Token supply

DCR has a total supply of 21 million coins

Public exchange

The DCR token is listed on plenty of exchanges, including Binance, OKEx, Huboi, and others.

MVP

Merchants, vendors, and individuals can use DCR as a form of payment.

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User Adoption

Technical difficulty

Decred isn't as straightforward as Bitcoin and its hybrid consensus methodology can be confusing for those unfamiliar with digital assets. But at the end of the day it's a digital currency, which people understand.

Halo Effect

The project has a few partnerships with lesser known entities such as Ditto, YBF, and Smart Reach

Buzz

DCR has a solid following on Twitter and a decent following on Reddit, Telegram, and YouTube.

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Overall Score

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Blockchain Investor Analysis

Decred (DCR) is a digital currency that focuses on providing fast transactions for vendors and merchants around the world. Unfortunately, there are several other higher ranking projects that exist in this market, which is going to make it tough for the Decred project to succeed. Still, overall, the project itself is a strong alternative in a crowded market. DCR traded on a wide variety and exchanges, has a total cap of 21 million coins, and has a considerable community and following.

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