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Crypto Exchange Gate.io Opens Trading With Cryptocurrency Decred

12:01 09/10/2018

The team of cryptocurrency trading platform Gate.io announced adding Decred (DCR) cryptocurrency to the listing. The exchange launched trading of the new position paired with Bitcoin and tokenized US dollar Tether, as reported in the crypto platform’s Twitter.

 

 

Trading of DCR tokens became available at the platform on Thursday, October 9, 2018, at 04:00 UTC. At the time of the publication, the average market value of the token is estimated at $42.38, while Gate.io offers $42, according to CoinMarketCap data. Since the launch of the cryptocurrency on the crypto exchange and to date, users have already settled deals worth more than $1.4 million.

 

The Decred developers claim their product is an autonomous digital currency based on “innovative” model of consensus voting. As mentioned on the official website, due to self-funding and decentralization, the project is not dependent on outside influence.

 

DCR tokens can be obtained by means of exchanging with other users, and also new coins can be mined on the proof-of-work protocol — similarly to the Bitcoin network. Voting and transaction validation within the Decred system are carried out on the proof-of-stake protocol. It is based not on the computing power, but on the participants' stake size.

 

The Decred team also designed cross-platform wallets for the most widespread operating systems (Windows, macOS and Linux). As previously reported, there are ways to protect the crypto wallet with a seed phrase.

 

Meanwhile, the New York State Attorney General’s Office is urging crypto platforms to provide registration certificates in accordance with state securities laws. However, most exchanges, including Gate.io, refused to provide information about their actual location.

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