Crypto Project Decred Adds Privacy Features to Its Coin

On Aug. 28, cryptocurrency project Decred announced that it is adding a few new privacy-focused features to its cryptocurrency DCR. According to Decred’s official blog, the goal of these new features is to be “simple, adaptable, and creative.”.

More privacy, less coding Jake Yocom-Piatt, co-founder and project lead at Decred, explained that his team has been working quietly to add these privacy features to the coin since 2017, and that they comprise only a few hundred lines of code, compared to thousands or tens of thousands for other privacy-focused projects. Decred wants to offer the right amount of privacy Decred is an open-source blockchain-based cryptocurrency that was created by several crypto-enthusiasts claiming that Bitcoin’s decision-making was getting more and more centralized due to the existence of mining pools.

Timeline of Decred