• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Upcoming Events
    • TWS, Singapore (July 28-29, 2025)
    • WFIS, Philippines (September 23-24, 2025)
    • Forex Expo Dubai (October 6-7, 2025)
    • Merge Madrid (October 7-9, 2025)
    • European Blockchain Convention, Barcelona (October 15-17, 2025)
    • Blockchain Futurist Conference, Florida (November 5-6, 2025)
    • WFIS, Indonesia (November 25-26, 2025)
  • Past Events
    • Blockchain Life
    • BlockShow Europe
    • Event Horizon

Crypto Reporter

Online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies

Join us on Telegram: https://t.me/crypto_reporter
  • News
    • News Feed
    • Cryptocurrencies
      • Bitcoin
      • Altcoins
    • Payment solutions
    • Exchanges
      • Binance
      • bitFlyer
      • Bitfinex
      • CBOE
      • CME
      • Coinbase
      • Coincheck
      • Coinfloor
      • Nasdaq
      • Poloniex
    • Regulations
      • Australia
      • Belarus
      • China
      • Europe
      • India
      • Iran
      • Israel
      • Japan
      • North Korea
      • Philippines
      • Portugal
      • Russia
      • South Korea
      • Thailand
      • Turkey
      • Venezuela
      • Vietnam
      • United States
    • Blockchain platforms
    • Crypto news in brief
    • Stats & trends
    • Reviews
      • Ambrosus
      • ATN
      • Dash
      • Green Power Exchange
      • Power Ledger
      • ShapeShift
      • Waltonchain
      • Cryptocurrency market capitalization can top 4 trillion USD, under conservative estimates
    • Opinion
    • Sponsored
  • Press Releases

CORRECTION: DCRN – the Novel Community Governance Token Now Listed on Gate.io

August 9, 2022 By GlobeNewswire

New York, Aug. 09, 2022 (GLOBE NEWSWIRE) -- The DCRN (Decred-Next) token was successfully launched on gate.io on July 17, trading started on July 18th with an open price of 3.9 USDT, and had seen a 558.2% rise to 25.67 at its highest.
Decred-Next a more progressive and balanced cryptocurrency governed by the community. Decred-Next retains the hybrid consensus mechanism of 60% POW, 30% POS and 10% treasury.

Being the backbone of blockchains and its development, the race in public chains is highly intensified, half of the top 20 projects by market value in the crypto space being public chain associated. When Ethereum 2.0 sharding still seems far from being implemented, new ideas and solutions still keep emerging on a daily basis. After a long period of Ethereum’s dominance, chains like Solana, Near, Avalanche, Polkadot, WAX, CUN and others have once seized the opportunity and embraced their astronomical growth and development. The marathon of public chain competitions will remain a noisy and lively scene for quite a while.

In GONGLIANKyros Ventures’ research and view, public chains are either EVM compatible or non-EVM compatible. The former accounts for the majority among all public chains, gradually forming alliances through cross-chain bridges which helps create this entire ecosystem. From our observation, new chains who became a success share some common traits (while possessing their own uniqueness and merits):

  1. Innovating the consensus mechanism

As the backbone of blockchains, consensus determines the scalability, block reward mechanism, distribution mechanism and other aspects of a chain. The successes of many new ‘star’ chains started from revolutionizing the consensus mechanism, epic examples include Solana’s POH, Avalanche Consensus, and Cardano’s POS consensus called ‘Ouroboros’.

  1. Adopting a development plan that is EVM-compatible

The most efficient approach to build and develop a new chain’s ecosystem is to be compatible with EVM (Ethereum Virtual Machine). First of all, EVM is developer friendly as most of the early applications were derived from Ethereum and are supported by the EVM, it helps shorten developers’ learning cycle and supports seamless migration. It also helps users keep their habits that have been cultivated on the Ethereum ecosystem. Furthermore, EVM-compatible chains can be connected more easily.

  1. Other innovations

Besides the consensus mechanism, several other details also play a key part in public chain’s success and usability, such as community governance, tokenomics and constant technological innovation and breakthroughs.
POW/POS hybrid consensus mechanism + EVM compatibility for a prosperous ecosystem = a supernova public blockchain
DCRN has completed the two milestones of reframing its tech roadmap and listing on exchanges, a testament to the strong execution of the team. Decred-Next owns its successful kickstart as a new public blockchain to the following:

  1. New opportunities from a PoW/PoS hybrid consensus scheme

The PoW/PoS hybrid has stood the test of time and proved its safety and reliability, which gives it some edge vis-a-vis new public chains like Solana and Avalanche, popular for their consensus innovations.  
Moreover, many new public chains usually adopt some variation of PoS, which is in itself a double-edged sword. PoS and PoS projects, e.g., failed projects like EOS, were once criticized by many as too “centralized”.  Paradoxically, PoW is hard to scale. Many people thus want to get the best of both worlds. They want the efficiency of PoS, while not giving up the reliability of PoW.

  1. EVM compatibility to embrace the largest crypto ecosystem

According to the roadmap published by the Decred-Next community, the project plans to implement EVM, sharing, OmniLayer and other functions. In other words, on top of the guarantee from a robust consensus mechanism, it will pack more punch with EVM compatibility and such scaling solutions as sharding and layering.

  1. New Path of Decred-Next

Decred-Next will seek to become “digital oil” to bring to Web3 and Metaverse its infrastructure supported by a better consensus mechanism and more complete community governance.
Company Name: Decred-Next(DCRN)
Contact Person: Media Relations
Email: Pt@Dcrn.Xyz
https://dcrn.xyz/

This is not an investment advice. Please conduct your own research when investing in any project.


Filed Under: News Feed

Primary Sidebar

Follow Us

Press Releases

Nexchain Builds Presale Hype With Airdrop, $5M Rewards & 50% Bonus as BlockDAG Hits Milestone

July 14, 2025

Nexchain & Remittix Top 2025 Presales With $5M Rewards, Airdrop & 50% Bonus Offer

July 14, 2025

Hex Trust CEO Alessio Quaglini Appointed to Hong Kong SAR Government’s Task Force on Promoting Web3 Development

July 14, 2025

Wanchain powers VeChain’s expansion into cross-chain DeFi

July 14, 2025

Marinade Appoints Zalika Headley as General Counsel to Advance Institutional Growth

July 14, 2025

TWS Conference

Forex Expo Dubai

Merge Madrid

Futurist Conference

Footer

Crypto Reporter is an online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies
About us
Contact us
Submit press-release

Search

2017-2025 Crypto Reporter