Decred

Decred is a hybrid PoW/PoS cryptocurrency with community governance. It can be mined. Decred is currently worth $ 12.90 per coin.

Decred

Last updated 5 hours ago
Price per DCR in USD $ 12.903467954949
Price per DCR in Bitcoin 0
Volume over the last 24 hours $ 2,324,637
Market cap in USD $ 214,434,488
Change in % over the last hour -0.16438744
Change in % over the last 24 hours 1.24836594
Change in % over the last 7 days 19.31162821

DCR specifications

Name Decred
Symbol DCR
Minable Yes
Algorithm BLAKE256
Prooftype PoW/PoS
Total coin supply 21000000
Premine: N/A

Coin description

Decred (DCR) is a decentralized cryptocurrency focused on community governance and sustainable funding for development. It uses a hybrid consensus mechanism combining proof-of-work (PoW) and proof-of-stake (PoS), ensuring both miners and stakeholders have a say in decision-making. This unique approach promotes decentralization and long-term sustainability.

Decred Governance and Funding Model

Decred's governance system allows stakeholders to vote on proposals related to the network's development and treasury allocation. This democratic process ensures that the community drives the project's direction. Additionally, Decred allocates 10% of block rewards to fund ongoing development, incentivizing contributors and fostering innovation.

Another key feature of Decred is its focus on privacy and security. The introduction of features like Lightning Network support and privacy-enhancing tools has made it a versatile and forward-thinking cryptocurrency. Keywords like Decred governance and hybrid consensus are closely associated with this project.

Decred price history