The Decred team, a cryptocurrency based on a hybrid proof-of-work and proof-of-stake consensus algorithm, announced the addition of a new feature designed to ensure the privacy of user transactions.
According to the co-founder of the project, Jacob Yokom-Piatt, his team managed to find a "middle ground" between the capabilities of Bitcoin and other anonymous coins and offer users the "desired level of privacy."
1/10 Project Lead, Jake Yocom-Piatt goes public with #Decred #Privacy !
Implementation is different than @monero @electriccoinco @beamprivacy @grinMW It's simple, creative & adaptable. https://t.co/xkF0Ppcoqr pic.twitter.com/UEdDOaR9Q1– Decred (@decredproject) August 28, 2019
As a comparison, the project’s blog shows a table demonstrating the very “golden mean” that Decred developers found.
He called the implementation of transaction privacy functions in Decred “simple, creative, and responsive,” noting that it required only a few hundred lines of code.
“Less code — less hacking ,” said Yokom-Piatt, noting that some private coins use thousands or even tens of thousands of lines of code.
2/10 The math, concept, and code involved in #Decred #Privacy are all straightforward and well-understood.
* Requires only hundreds of lines of code for the core logic, compared to thousands or tens of thousands for other privacy implementations. Less code means less to break.
– Decred (@decredproject) August 28, 2019
Privacy at Decred provides the CoinShuffle ++ p2p transaction mixing protocol, which uses “simple code and proven cryptography,” he added.
At the time of publication, the DCR coin with a capitalization of about $ 251 million is ranked 31st in the CoinMarketCap rating and is trading slightly above $ 24.
Recall, the launch of the Decred project was originally announced at the end of 2015, but took place only in 2017 and not without delays . Company 0 took part in its creation, which since 2013 funded the development of bitcoin, and the growing centralization of “digital gold” prompted the idea of creating a new cryptocurrency of developers, in their own words.
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