Decred
| Last updated | 6 hours ago |
| Price per DCR in USD | $ 17.859238941485 |
| Price per DCR in Bitcoin | 0 |
| Volume over the last 24 hours | $ 4,297,264 |
| Market cap in USD | $ 308,063,892 |
| Change in % over the last hour | -0.17978634 |
| Change in % over the last 24 hours | -5.21440542 |
| Change in % over the last 7 days | -12.13089872 |
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.