![]() ![]() ![]() To prevent this type of rift from happening in the future, the Decred network was designed. A hard fork can not take place in Decred, except most stakeholders agree to the forking. In that case, you will remember Bitcoin existed alone until a huge rift happened in the crypto ecosystem that led to the hard fork of bitcoin and bitcoin cash. Suppose you are familiar with the cryptocurrency ecosystem. FAQ What is Decred?ĭecred (DCR) is a digital currency designed to solve a scalability problem that faced bitcoin. It also describes the company and why Jake created the coin. After reading this article, you will have a better understanding of the intention of Decred, its technological architecture, and its history. However, this article explains the concept of the Decred wallet. Cryptocurrency is a significant concept that we can not completely cover in this article several other articles can guide you through your crypto journey as a beginner. Each block of the transaction is chained using a hash. The blockchain is a public digital ledger of various transactions maintained by a network of computers that cross-checks every transaction making it difficult for any transaction on the blockchain to be altered or hacked. Cryptocurrency works using blockchain technology. ![]()
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