Sign in

Decred DCR Price

$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

Info

DCR Price Statistics

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

Simple View
Trading View

1D

7D

1M

1Y

All

Loading...
Simple View
Trading View

About Decred

What is Decred (DCR)?

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.

Who are the Founders of Decred?

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.

How does Decred Work?

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.

Top Use Cases of Decred

  • Decentralized Governance: Decred allows users to participate in decision-making processes regarding protocol improvements and funding, fostering a democratic ecosystem.
  • Store of Value: Similar to Bitcoin, DCR is used as a store of value, benefiting from its limited supply of 21 million coins, which creates scarcity.
  • Investment and Trading: Decred can be traded on various exchanges, and its unique features attract investors seeking diverse cryptocurrency portfolios.
  • Funding Development: Decred's governance model enables the community to allocate funds for development projects, ensuring continuous improvement and innovation.
  • Cross-Chain Compatibility: Decred's technology allows it to interact with other blockchains, which opens up possibilities for integrations and collaborations.

How to Keep your Decred Safe?

Keeping your Decred safe involves several best practices:

  • Use a Hardware Wallet: Hardware wallets like Ledger and Trezor provide offline storage options for your DCR, making it less vulnerable to hacks.
  • Secure Your Private Keys: Always keep your private keys confidential and never share them with anyone. Use strong passwords and two-factor authentication where possible.
  • Stay Updated: Regularly update your wallet software and any related applications to ensure you have the latest security features and patches.
  • Participate in Governance Carefully: When voting on proposals, ensure that you understand the implications of your votes to avoid any adverse effects on your holdings.
  • Be Wary of Phishing Attempts: Always verify the URLs of platforms you use and be cautious of unsolicited emails or messages that ask for sensitive information.

How to Invest in Decred (DCR)?

Investing in Decred (DCR) or any other cryptocurrency involves several steps:

1Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.

2Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.

3Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.

4Buy Decred: Once your account is funded, you can purchase Decred directly from the exchange. Choose the desired amount and complete the transaction.

Investing in Decred (DCR) Using Botsfolio:

Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in Decred using Botsfolio, follow these steps:

  • Create a Botsfolio Account: Sign up for a free account on the Botsfolio platform.
  • Create Portfolio: Select an investment type from available options such as Premade crypto portfolios OR Custom crypto portfolio.
  • Connect Your Exchange: Link your chosen cryptocurrency exchange account to Botsfolio through fast connect or API key to enable seamless investing.

Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.

What is the Price Prediction for Decred (DCR) in the Long Term?

Decred (DCR) is currently trading at $13.90 and exhibits good potential for future growth. Check the latest Decred (DCR) price prediction.

FAQs

Recent Big Transactions


Decred Info

Info

Decred Insights

Recent Big Transactions


Explore More Crypto Coins

Botsfolio Blogs

Instant Access, No Sign-Up Needed!

Create and Evaluate Portfolios in Minutes

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) .

PRODUCTS

BECOME A PARTNER

CONTACT US

Support: jasmine@botsfolio.com

Marketing: marketing@botsfolio.com

KribX Inc, USA

© 2024 © Botsfolio

Privacy Policy Terms and Conditions