Best Decred Wallets For 2019

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Introduction to Decred

Officially launched in February 2016, Decred (DCR) is one of the first privacy-focused coins to hit the market. The crypto project makes use of a unique, hybridized consensus mechanism in order to ensure a perfect balance between users and miners, and aims to become the most powerful altcoin after Bitcoin.
One of the most interesting aspects of Decred is the fact that it takes advantage of a hybrid, part PoW, part PoS mining system. This ensures that no group can ever hope to control the flow of transactions or make changes to them without the community’s consent. In short, it makes sure that the whole decision-making process is as decentralized as it can be.
As a project, Decred has a unique set of principles that it abides by. For starters, the project offers all its software free of charge (open-source). It also ensures that every potential or the existing user can share and communicate ideas and opinions without being censored. The project is also all about multi-stakeholder inclusivity, enhanced privacy and security, a fixed finite supply, and universal fungibility.
At this point, you may be wondering how can you involve yourself in the project. There are three main ways you can get to interact and invest in the Decred ecosystem: you can either mine DCR tokens (either Proof-of-Work or Proof-of-Stake mining), or you can buy them on various crypto exchanges, such as Binance, Huobi Global, Poloniex, Bittrex, Upbit, OKEx, Gate.io, and DragonEX, to name a few.
Either way, you will need a secure wallet to store your DCR tokens in. Bellow, we have compiled a list with some of the best Decred wallets for 2019.

Decredition

First on our list is Decredition, the project’s official wallet. Created in-house by the team behind Decred, this is a full-node desktop client that can be installed on all major OSes out there, such as Windows, Linux, and macOS.
Since it’s an official product, it requires you to download the whole Decred blockchain before being able to use it, a process that can take as long as a couple of hours (based on how good your Internet connection is).
It’s not the most user-friendly option, but you can be sure that your funds are safe.

Decred Web Wallet

The Decred Web Wallet is a product designed by Copay. It offers a very accessible and user-friendly way of storing your DCR, as it can be done simply by using any modern-day web browser.
The wallet allows you to secure your wallet via a wallet recovery phrase, as well as a “pending password.” You are required to enter this pending password each time you or anyone else tries to make a transaction from this wallet. Even though it’s not a treat for the eyes, the wallet boasts a fairly straightforward and very functional GUI, which should help even the most novice users to get by.


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