Decred, a progressive cryptocurrency focused on governance, seems to have a natural connection to Bitcoin, as everything from its coin supply to price has followed Bitcoin's ups and downs since 2014.Decred has a deep relationship with Bitcoin.
An abbreviation for "Decentralized Credit," Decred is a hybrid system utilizing both a Proof-of-Work and Proof-of-Stake protocol.
The main value proposition Decred brings is almost identical to that of Bitcoin-a maximum supply of 21 million coins and a deterministic supply schedule set by block height.
While the coin was created to mirror Bitcoin in theory, data has shown that it also has a real-life relationship with Bitcoin.
Checkmate, an on-chain analyst for Decred and ReadySetCrypto, pointed out that Decred has a Power Law relationship with Bitcoin.
Previous research by Checkmate illustrated various other similarities between Decred and Bitcoin.
With a deterministic supply schedule and the same maximum coin supply, Decred's overall supply curve looks a lot like that of Bitcoin.
When applied to fixed-supply coins such as Bitcoin and Decred, the ratio is used as a measure of scarcity and value.
According to Checkmate, Decred has shown a statistically significant relationship between Stock-to-Flow and a market valuation that traverses the same set of stock-to-flow ratio as Bitcoin does.
Bitcoin is slowly becoming a household name, while Decred is the 38th cryptocurrency by market cap.
Data shows autonomous coin Decred has a Power Law relationship with Bitcoin
gepubliceerd op Oct 17, 2019
by Cryptoslate | gepubliceerd op Coinage
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