Click here to Embed the LastCrypto Widget on your Website

Decred (DCR) Statistics

ad
ad
ad

Decred

DCR

17.49509440
Price (USD)
-1.21%
24h Change
0.00441569
Price (BTC)

Cryptocurrency Information

All-Time High USD
129.3663
Since All-Time High Change
-86.50%
All-Time High Date
2018-01-13

Marketcap (BTC)
41,262.01094471
Marketcap (USD)
163,525,011.79

24h Volume (USD)
2,490,568.58

7d Change
5.65%
14d Change
9.91%
30d Change
0.29%

Circulating Supply
9,343,399
Total Supply
21,000,000

Influence Statistics

Alexa Rank
245960
Facebook Likes
2897
Twitter Followers
39792

What is Decred?

Decred is an open-source, blockchain-based cryptocurrency, similar to Bitcoin. Decred was launched in February 2016 by the bitcoin developers that engineered btcsuite, an alternative full-node Bitcoin implementation written in the Go (golang) programming language and used by development projects such as Ethereum, Factom, BitGo, OpenBazaar, and the Lightning Network. On February 7, 2016 Decred was released by Chicago-based Company 0. Decred v1.0.0 was released on April 25, 2017. Decred developers executed an atomic swap between Decred (DCR) and Litecoin (LTC) in September 2017.

Decred is built from 100% proven open-source technology. Decred’s technology enabled the world’s first successful direct on-chain user-activated consensus vote. This represents a revolutionary approach to stakeholder governance where our community directs the project and makes decisions together. There are several features of this software such as an innovative hybrid proof-of-work (PoW) proof-of-stake (PoS) consensus voting system, a censorship-resistant blockchain-anchored public proposal platform, smart contracts that work such as Lightning Network, cross-chain atomic swaps between different digital currencies and cross-platform wallets for ease of use.

The Web Wallet is the easiest way to get started with Decred. All users can access it online via wallet.decred.org, without the need to download anything. The term mining represents the process of validating transactions on the Decred network and keeping it secure. In return for work, miners are rewarded with newly generated Decred coins. Decred has two methods of validating transactions: Proof-of-work (PoW) and Proof-of-stake (PoS).

In summary, Decred is everything Bitcoin was designed to be but failed at when released into the wild. It’s not the most well-known cryptocurrency, but it’s a solid project many analysts believe will remain sustainable for a long time to come.