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Decred (DCR) is a cryptocurrency that is similar to Bitcoin, but it focuses more on the community of members than does Bitcoin. Decred encourages their members to make Decred better. Decred launched in February of 2016 and it has gained a solid following. Some people believe that Decred is what Bitcoin was supposed to be, with more people having a say in what happens with the network.
Decred is simply a digital currency that stands for Decentralized Credits. Decred uses (PoA) which is Proof of Activity instead of the (PoS) system. Decred is built on the blockchain technology and that means it is decentralized and all transactions are visible to anyone and they are anonymous in nature. Used as well for Bitcoin Sports Betting
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DCR Decred Cryptocurrency Benefits
- Low to none transaction fees
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- Anonymous
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Like many of the other cryptocurrencies, Decred can be bought and sold and used as digital cash. If you are looking to buy Decred directly there are a limited amount of exchanges that trade Decred. Those are Poloniex, Bittrex, Bleutrade and Tux Exchange. Keep in mind that you still have to buy Bitcoin first and then exchange it for Decred.
How do I buy Decred?
You can buy Decred by using one of the currency exchanges such as Poloniex or Bitfinex. These exchanges allow you to use a credit or debit card or bank transfer to buy Bitcoin and then you can exchanged it for Decred. You can then send Decred to your sportsbook account and you can withdraw Decred from your sportsbook account to your digital wallet.
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