$13.90
-1.87%
$13.63
24h Range
$14.21
Market Cap
$231,118,484.9
Fully Diluted Valuation
$291,852,923.6
24 Hour Trading Vol
$1,593,755.0
Circulating Supply
16,629,911.1
Total Supply
16,629,911.1
Max Supply
21,000,000.0
Decred Price
$13.90
24h Range
$13.63 - $14.21
Percent Change 1h
0.75%
Percent Change 24h
-1.87%
Percent Change 7d
8.02%
All-time high
$247.35
All-time low
$0.432
1D
7D
1M
1Y
All
Decred (DCR) is a decentralized digital currency that emphasizes community input, governance, and sustainable development. Launched in February 2016, it was designed to address the shortcomings of Bitcoin, particularly regarding its governance and decision-making processes. Decred utilizes a hybrid consensus mechanism that combines Proof-of-Work (PoW) and Proof-of-Stake (PoS), allowing both miners and stakeholders to participate in the network's governance. This dual structure helps ensure a more democratic approach to protocol upgrades and decision-making, making Decred more resilient to centralization and providing a stable platform for its users.
Decred was founded by a team of developers from the Bitcoin community, with Jake Yocom-Piatt serving as the project lead. The team includes notable figures such as Piotr Wozniak and other contributors who have backgrounds in cryptocurrency development and economics. The Decred project was initiated by Company 0, a software development firm that focuses on blockchain technology. Their goal was to create a cryptocurrency that incorporates robust governance features and incentivizes community participation, leading to a more user-oriented platform.
Decred operates on a hybrid consensus model that combines PoW and PoS mechanisms. In the PoW aspect, miners solve complex mathematical problems to secure the network and validate transactions, earning rewards in DCR coins. On the other hand, PoS allows holders of DCR to stake their coins and participate in the voting process for governance decisions, such as protocol changes and development funding.
The voting process is facilitated through a unique feature called "Politeia," which is a governance platform that allows stakeholders to propose changes and vote on them. Each DCR holder can vote with their staked coins, and the results influence the direction of the project. This system ensures that both miners and stakeholders have a say in the network's development, making Decred a truly community-driven cryptocurrency.
Keeping your Decred safe involves several best practices:
Investing in Decred (DCR) or any other cryptocurrency involves several steps:
1. Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.
2. Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.
3. Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.
4. Buy Decred: Once your account is funded, you can purchase Decred directly from the exchange. Choose the desired amount and complete the transaction.
Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in Decred using Botsfolio, follow these steps:
Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.
Decred (DCR) is currently trading at $13.90 and exhibits good potential for future growth. Check the latest Decred (DCR) price prediction.
Recent Big Transactions
Recent Big Transactions
With any investment, your capital is at risk. The value of your portfolio with Botsfolio can go down as well as up and you may get back less than you invest. Past performance is no guarantee of future results. Read our (investment risk disclosure ) for more information. By using this website, you accept our (Privacy Policy) (Terms & Conditions) .
© 2024 © Botsfolio