Chicago developers launch Decred, a Bitcoin alternative

If you’re not sure you understand Bitcoin, you just fell another step behind: Decred, a digital currency created by former Bitcoin developers in Chicago, is the latest alternative coin seeking acceptance among cryptocurrency enthusiasts.

Company 0, the Chicago-based maker of Bitcoin tools and secure communications software, launched Decred widely Monday, CEO Jake Yocom-Piatt said.

By midday Tuesday, Decred was trading on at least one exchange for less than 1 percent of the value of Bitcoin, which was worth about $373 at the time — giving the new coin a value of $1.27.

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