Decred (DCR)

$12.2341 (0.89%)

CMC# Market Cap (USD) Volume (24hr) Circulating Supply NVTS Change (7d) Change (24h) Savings Per 1K
70 $148,581,000.00 $3,492,690.00 12,144,800 DCR -- 0.89% 0.37% -$108.88

Exchange Pair Volume (24h) Price
AEX DCR/CNC 982,177.00 82.2000000000
Binance DCR/BTC 169,433.00 0.0010400000
HitBTC DCR/ETH 5,701.74 0.0323030000
BKEX DCR/USDT 103,004.00 12.2444000000
Bittrex DCR/BTC 10,048.55 0.0010389000
HitBTC DCR/USD 3,669.39 12.1947000000
Huobi Global DCR/BTC 30,015.00 0.0010410000
MXC DCR/USDT 1,625,079.00 12.2001300000
Huobi Global DCR/USDT 84,371.00 12.2377000000
Upbit DCR/KRW 39,937.00 13,920.0000000000
BiKi DCR/USDT 42,558.00 12.2405000000
Binance DCR/USDT 36,124.00 12.2040000000
NovaDAX DCR/USDT 248.48 12.2921000000
BiKi DCR/BTC 10,349.49 0.0010420000
LATOKEN DCR/BTC 205,762.00 0.0010440000
NovaDAX DCR/BRL 1,601.71 68.9800000000
Huobi Global DCR/ETH 45,632.00 0.0322550000
Binance DCR/BUSD 791.09 12.1810000000
CoinEx DCR/USDT 26,421.00 12.1648000000
Hotbit DCR/BTC 8,302.61 0.0010461900
KuCoin DCR/ETH 637.88 0.0324540000
CoinEx DCR/BCH 38,251.00 0.0489020300
Poloniex DCR/BTC 1,539.38 0.0010380600
ProBit DCR/KRW 18,323.50 14,010.0000000000
KuCoin DCR/BTC 3,866.12 0.0010535600
Atomars DCR/USDT 351.02 12.1740000000
Atomars DCR/BTC 1,027.72 0.0010399900
Hotbit DCR/ETH 8,227.11 0.0323480200
EXMO DCR/RUB 4,147.30 953.9578000000
Livecoin DCR/BTC 326.35 0.0010419100
XT DCR/USDT 94,020.00 12.2534000000
XT DCR/SXC 57,039.00 81.9460000000
HitBTC DCR/BTC 5,280.76 0.0010409000
Bittrex DCR/USD 538.47 12.3060000000
Oceanex DCR/USDT 251,917.00 12.2190000000
Gate.io DCR/BTC 882.34 0.0010580000
Oceanex DCR/VET 255,153.00 1,070.0000000000
XT DCR/BTC 15,590.89 0.0010463300
CoinEx DCR/BTC 69,989.00 0.0010405000
BitAsset DCR/USDT 7,071.94 12.2200000000
ProBit DCR/USDT 15,501.09 12.2900000000
EXMO DCR/BTC 3,951.67 0.0010470300
OKEx DCR/BTC 57,902.00 0.0010400000
OKEx DCR/USDT 37,163.00 12.2800000000
Huobi Korea DCR/USDT 4,956.72 12.2377000000
Huobi Korea DCR/BTC 35.66 0.0010430000
DragonEx DCR/USDT 251,100.00 11.9600000000
EXMO DCR/UAH 3,616.22 338.1675000000
Braziliex DCR/BTC 4.03 0.0010055100
Hoo.com DCR/USDT 157,040.00 12.2400000000
Bittrex DCR/USDT 1,893.75 12.1746597000
Livecoin DCR/USD 214.15 12.1569900000
CoinAll DCR/BTC 1.70 0.0010800000
Gate.io DCR/USDT 551.53 12.0699999999
Upbit DCR/BTC 114.85 0.0010032700
Upbit DCR/USDT 105.08 10.5000000100
YoBit DCR/BTC 4.67 0.0009001100
Livecoin DCR/ETH 1.89 0.0301000100
YoBit DCR/ETH 2.23 0.0296539700
YoBit DCR/USD 0.10 11.4437975000
Upbit Indonesia DCR/BTC 2,560.17 0.0010032700
Upbit Indonesia DCR/USDT 215.04 10.5000000100
Braziliex DCR/BRL 25.69 73.9900000000

Background

Decred forked from the Bitcoin codebase when a proposal for new suite of features to be added to Bitcoin from Company 0 was rejected by the Bitcoin core team. Named btcsuite, these features became the core of the Decred project. Decred’s governance and consensus mechanism relies on a PoW/Proof-of-Stake (PoS) hybrid, which the project regards as a sort of “second authentication factor for consensus” by enabling coin holders to curb potential miner centralization, Decred employs a governance body called the Politeia to guide the project’s direction and fund operations from its treasury. The treasury is funded via a block subsidy representing 10% of each block reward. To obtain funds proposals are made to the Politeia which votes to either approve or reject the proposal. Once approved the funding for a proposal is released from the treasury dependent on achievement of agreed upon milestones. The block subsidy was instituted because all enhancements to Bitcoin are dependent on third party funding which the Decred team feels introduces conflicts of interest. Instituting block subsidies is viewed as a preferable option because it makes funds readily available for project enhancements. Spending on enhancements is conducted transparently via the governance mechanisms of the Politeia. Holders of the projects native token, DCR, can earn block rewards by staking their tokens in exchange for tickets. The rewards mechanism functions like a lottery, assigning the block reward randomly to ticket holders. To bring greater certainty to earning rewards many users choose to assign their tokens to a staking pool. Which obtains tickets en mass using participants pledged DCR holdings increasing the chances of pool participants receiving rewards.

Technology

Decred preserves some core features of Bitcoin’s codebase (e.g. supply cap), but introduces a plethora of unique features, including replacing SHA256 with BLAKE256, utilizing an elliptic curve (secp256k1) which allows Schnorr signatures integration, and building a PoW-PoS hybrid consensus mechanism. Decred also deploys a novel block reward scheme by splitting rewards between a PoW miner (60%) and typically 5 PoS voters (30%) with the remaining 10% allocated to development subsidy. Block rewards are reduced by a factor of 100/101 every 6,144 blocks, approximately 21 days. Decred investors can become voting stakeholders by purchasing tickets and voting on a Decred block confirmation via a lottery ticket-selection process. A simple majority is necessary to add a block. On September 19, 2017 Decred completed its first successful cross-chain atomic swap with Litecoin. A critical first step in building the decentralized exchange it intends to roll out in the future. Decred is actively pursuing integration with the Lightning network. So users can initiate payments across Bitcoin’s network with its native token DCR and potentially hold multiple assets in Decredition, the Decred wallet solution. Additional steps required to release the decentralized exchange they are focused on building. Currently, the project is adding support for Decentralized Autonomous Entities, DAEs, of which the Politeia is the first example. So users can band together with like-minded individuals to create organizations to support their missions.



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