After Four Years, Is Decred Better than Bitcoin Yet? | Cryptocurrency News - Crypto Briefing
cryptobriefing.com
Like Bitcoin, miners in the Decred network work to produce blocks. To participate, DCR holders must first wait for the Decred network to announce an open bid on a ticket via users’ wallet software.
If successful, then the block reward is split three ways: 60% to miners, 30% to winning ticket votes, and 10% to the Decred treasury. Assuming the cost of mining equipment, market cap, and hashpower is the same as pure-play PoW networks like Bitcoin and Ethereum, one analyst, Richard Red, concluded in 2018 that “Decred would be ~22 times costlier to attack than Bitcoin and ~9 times more expensive to attack than Etheruem.”
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