Cryptocurrency exchange Changelly adds support for altcoin Decred

Changelly, a service to exchange cryptocurrencies in a simple and cost-effective way by charging a 0.5% fee on all transactions has today announced support for cryptocurrency altcoin newcomer Decred (DCR) which was developed by former Bitcoin developers.

Decred uses a hybridized consensus system with the goal to strike a balance between miners and users to create a more robust currency.

Typically, the miners who operate the infrastructure exercise considerable influence while the users have relatively little sway. Decred allows users to participate in the project directly without the need for expensive mining hardware.

Decred is a multi-platform digital currency with support for Windows, Mac, and Linux. The asset provides a full suite of command line tools allowing customization of the Decred experience.

There are three main ways to interact with Decred:

1) The Wallet – For sending and receiving funds as well as participating in PoS mining.
2) Proof-of-Work Mining – Using computing power to validate transactions on the network and generate new Decred tokens.
3) Proof-of-Stake Mining – Using funds to vote on important network development matters and validate transactions for rewards.

Changelly now supports the following coins: