Decred is an open-source, blockchain-based cryptocurrency. It utilizes the proof of activity concept, which is a combination of proof of work and proof of stake consensus protocols.
Proof of work f
avores those that own and maintain expensive mining equipment, leaving smaller network participants at a disadvantage, and proof of stake encourages virtual coin hoarding, limiting cryptocurrency usage. Proof of activity (PoA) is a hybrid of these two, offering the best of both worlds.
Decred also features smart contracts, cross-chain atomic swaps between various cryptocurrencies and cross-platform wallets for Windows, macOS and Linux. Cross-chain atomic swaps enable network participants to engage in over-the-counter trading, disabling the involvement of any authority or third party.
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