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How to Convert DCR to ETH at the Best Rates?

How to Convert DCR to ETH at the Best Rates?
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Launched in 2015, Ethereum is the second-largest cryptocurrency by market cap. It’s notorious for being the first-ever digital currency with a programmable blockchain. While other cryptocurrencies offered a blockchain that could record transactions, Ethereum offered a blockchain that developers could utilize to create dApps. Today, these dApps have become an integral part of current trends such as NFTs and DeFi platforms.  It’s no surprise that Ethereum enjoys a huge lead in areas of crypto that are growing rapidly.

Currently, Ethereum is going through a series of upgrades that will make it more scalable and process transactions even faster. Additionally, these upgrades will make it more environmentally friendly and secure. In essence,  with the way Ethereum is developing, there is a chance that years down the line, the anticipated “flipping” may happen and it may surpass Bitcoin. If this happens, then an investment in Ether today could result in astronomical gains tomorrow. With that said, let’s take a look at why you should convert DCR to ETH, as an example.

How to Convert DCR to ETH at the Best Rates?

What is Ethereum?

Ethereum is a decentralized, public blockchain platform with its own digital currency known as Ether. Unlike Bitcoin, however, Ethereum is much more than a blockchain platform, store of value, or medium of exchange. It is also a blockchain platform for plenty of other cryptocurrencies and decentralized smart contracts. Ethereum’s sole purpose was to enable developers to build and publish dApps and smart contracts without the risks of fraud, downtime, or censorship.

Ethereum’s ICO happened during the summer of 2014 where the project team succeeded in raising a staggering $18.3 million in Bitcoins. Initially, Ethereum price during the ICO was a mere $0.311. Today, Ethereum’s price is well over $3,000 per coin. If you take the ROI into account, then it means that Ethereum has been growing at a rate of over 270% per annum. Therefore, anyone who invested in Ethereum in 2014 has essentially quadrupled their investments every single year to today.  

What is Ethereum?

What is Decred?

Decred is a blockchain-based digital currency that puts a strong emphasis on open governance, sustainable funding for development, and community input. Decred is a Bitcoin hard-fork that was modified in an effort to provide an alternative to Bitcoin, but with its own unique differences. For starters, the team behind Decred believed that Bitcoin was significantly flawed because PoW miners had too much power and there were challenges in governance and developer funding. Decred’s mission was to bring power back to the people.

Decred uses a hybrid PoW/PoS mining system that ensures that a small group of individuals cannot dominate the flow of transactions or make changes to the system with the community’s input. In Decred, stakeholders are the ones who make and enforce rules, set a course for any future development, and decide how the treasury should be handled. Block rewards on the network are usually split between miners, stakeholders and the Decred treasury in a ratio of 6:3:1.

What is Decred?

Decred vs Ethereum

The table below highlights some of the differences between Decred and Ethereum.

 

Decred

Ethereum

Symbol/Ticker

DCR

ETH

Launch Date

18th January 2016

30th July 2015

Founders

Anonymous Bitcointalk forum users “tacotime” & “_ingsoc” with Jake Yocom-Piatt

8 Founders-Vitalik Buterin, Joe Lubin, Gavin Wood, Anthony Di Iorio, Charles Hoskinson, Mihai Alisie, Amir Chetrit, and Jeffrey Wilcke.

Algorithm

Blake256, Blake256r14

EtHash

Consensus

Hybrid Proof-of-Work (PoW) and Proof-of-Stake (PoW)

Proof-of-Work

Mining Profitability

Low

High

Price

$134.42

$3,543.16

Market Cap

$1,804,600,745

$417,281,121,017

Total Supply

13,389,729

117,869,446

Max Supply

21,000,000

Unknown

Decred vs Ethereum

How to convert DCR to ETH?

Finding a decent exchange platform is not as easy as it sounds. There are a couple of hoops that you need to jump through to get everything done. However, here at Swapzone, we believe in simplicity. That’s why we’ve made buying crypto very easy. We are the best Decred to Ethereum exchange in the market today. Here’s a step-by-step brief on how to convert DCR to ETH:

 Step 1. Launch Swapzone on your website browser.

Step 2. Locate the pair tab, choose Decred in the “send” section and insert the amount that you wish to exchange.

Step 3. In the “get up to” section, pick Ethereum ETH.

Step 4. Once you do, you will see different Decred exchange rate offers.

Step 5. You have the option to sort through the different Decred crypto exchange offers based on transaction time, price or service rating.

Step 6. Once you’ve found an offer you want, simply choose that offer and then click on “exchange”.

Step 7. Enter your wallet details and make sure that they are correct. After, click on “proceed to exchange”.

Step 8. At this point, wait for the transaction to finalize.

Step 9. Once the transaction completes, rate your experience and leave an honest review. That’s it!

How to convert DCR to ETH?

FAQ About Converting DCR to ETH

What is better: Ethereum of Decred?

If you compare the ROI on these two coins, then Ethereum is a far better investment. There’s also a great potential for Ethereum’s value to increase in the future, possibly even surpassing Bitcoin.

What is better: Ethereum of Decred?

What Is the Real-Time DCR to ETH Exchange Rate?

If you want to find out the real-time ETH to DCR exchange rate, simply head on to the select pair tabs and enter DCR and ETH in the sections provided. Swapzone will let you know how much Decred is needed to buy one ETH. Note that due to the high volatility of both coins, the ETH DCR exchange rate is constantly changing.

Why Is Swapzone the Best Place to Exchange DCR to ETH?

Swapzone is the best place to exchange DCR to ETH as it provides you with all the tools you need to make the right kind of exchange. For instance, you don’t have to create an account or perform any KYC procedures. You can start swapping cryptocurrencies instantly without any limits.

Why Is Swapzone the Best Place to Exchange DCR to ETH?