Decred adds privacy features

The creators of the Decred cryptocurrency project announced that the DCR coin has new features to ensure privacy.

The developers emphasized that they were able to “find a balance” between Bitcoin and other private cryptocurrencies. That is, DCR offers the “necessary level of privacy” without making the project too complex. Co-founder and one of the leading Decred developers, Jake Yocom-Piatt even made a special table comparing DCR and other coins:

It is reported that the implementation of private functions in DCR is “simple, creative, and adaptive.” Developers only needed to add a few hundred lines of code, compared to tens of thousands of lines in other projects.

“The smaller the code, the less room for hacking,” the developers noted, adding that privacy features are based on CoinShuffle ++ peer-to-peer mixing protocol, which provides “simple code and efficient cryptography”.

The development of the Decred project began at the end of 2015, and in the fall of 2018, a DCR coin was added to the largest cryptocurrency exchange Binance. In the CoinMarketCap rating, DCR ranks 32nd with a market capitalization of $ 233 million, and at the time of publication is trading at around $ 22.65.