Market Data & Token Stats
| Fully Diluted Valuation | $358.51M |
|---|---|
| 24H Trading Volume | $1.04M |
| 24H Low / High | $19.72 / $20.88 |
| Circulating Supply | 17.38M |
| Total Supply | 17.38M |
| Max Supply | 21.00M |
Key Project Information
| Categories | Proof of Stake (PoS) 8 more |
|---|---|
| Founder | Alex Yocom-Piatt 5 more |
| Website | docs.decred.org 1 more |
| Socials | 12 more |
| Explorer | Decred 2 more |
OGAudit Security Evaluation & Social Audit Metrics
OGAudit Coin Evaluation Metrics
Decred (dcr) Expert User Reviews
Is Decred safe or a scam? Read verified Crypto OG reviews about Decred
$dcr Markets
| Name | Pair | OG Score |
|---|
About Decred
Decred (DCR) is a pioneering cryptocurrency platform, launched in 2016, that stands out for its strong emphasis on community-driven governance and financial sovereignty. Building upon principles like Bitcoin, Decred introduces innovative features that distinguish it from other digital currencies. A key characteristic is its hybrid consensus mechanism, which ingeniously merges Proof-of-Work (PoW) and Proof-of-Stake (PoS) systems. This design not only enhances security but also democratizes decision-making processes. PoW miners secure the network and are rewarded with 60% of block rewards, while PoS participants, crucial to governance, receive 30% for their contributions in validating transactions and voting on platform developments.
Central to Decred's philosophy is its user-centric approach, ensuring that every stakeholder has a voice. This is exemplified by the Politeia proposal system, a platform where users propose, discuss and vote on various aspects of Decred’s future. This system fosters an environment of transparency and collective decision-making, making Decred a model for decentralized governance. The platform also boasts privacy features, allowing users to conduct transactions discreetly and a treasury system that underpins community-driven development.
Noteworthy for its innovation and commitment to decentralization, Decred has developed unique applications such as the Decred Decentralized Exchange and Decrediton, a multi-platform crypto wallet. It also supports smart contracts and off-chain transactions, broadening its utility. Decred’s blend of security, scalability and community empowerment has set it apart in the crypto space, making it not just a digital currency, but a platform striving to democratize the financial system and enhance users' financial sovereignty.
What is unique about Decred (DCR)?
Decred stands out with its hybrid Proof-of-Work and Proof-of-Stake consensus mechanism, decentralized governance and community-driven development, aiming to improve upon Bitcoin's model.
Who are the founders of Decred (DCR)?
Decred was co-founded by Alex Yocom-Piatt, Dave Collins, David Hill, Jake Yocom-Piatt, John Vernaleo and Josh Rickmar, a group of developers who aimed to advance Bitcoin's decentralized finance goals.
Who are the backers/investors of Decred (DCR)?
Decred, developed by Chicago-based Company 0, raised funds from Berlin-based BlueYard Capital, without conducting an ICO. Instead, it had an 8% pre-mine for initial distribution and funding.
What is the consensus mechanism of Decred (DCR)?
Decred employs a unique hybrid consensus mechanism that combines Proof-of-Work (PoW) and Proof-of-Stake (PoS), enabling both miners and stakeholders to participate in the network's governance and development.
Where can I buy Decred (DCR)?
You can buy Decred (DCR) on Binance, Gate.io, MEXC, KuCoin, HTX cryptocurrency exchanges.
Information in this section carefully collected and curated from publicly available data from official sources, including the Decred Official Website, Decred GitHub Repository and Decred X (Twitter) Account.
The information presented on this page is created and published by the OGAudit Editorial Team for educational and informational purposes. It should NOT be construed as an endorsement, or as legal, or investment advice. If you believe any content on this page is outdated or incorrect, please feel free to contact us for updates and corrections.
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