Decred (DCR)

$131.629 (33.93%)

CMC# Market Cap (USD) Volume (24hr) Circulating Supply NVTS Change (7d) Change (24h) Savings Per 1K
53 $1,732,070,000.00 $20,056,400.00 13,158,700 DCR -- 33.93% -6.7% -$44,661.72

Exchange Pair Volume (24h) Price
Gate.io DCR/USDT 43,052.00 135.5120000000
HitBTC DCR/BTC 195,596.00 0.0034709000
Binance DCR/BTC 1,350,392.00 0.0034460000
XT.COM DCR/USDT 4,311,860.00 135.6093000000
Binance DCR/USDT 592,830.00 134.2300000000
Oceanex DCR/USDT 3,118,472.00 135.7270000000
AEX DCR/CNC 193,807.00 869.0000000000
Bittrex DCR/BTC 68,274.00 0.0034610500
Oceanex DCR/VET 2,982,854.00 1,641.0000000000
Bittrex DCR/USDT 31,280.00 135.6500000000
Huobi Global DCR/USDT 272,252.00 135.7379000000
HitBTC DCR/ETH 2,080.21 0.0593040000
XT.COM DCR/BTC 1,256,322.00 0.0034742000
OKEx DCR/BTC 1,657,843.00 0.0034800000
Hoo.com DCR/USDT 42,593.00 135.7590000000
BKEX DCR/USDT 210,677.00 134.0000000000
Poloniex DCR/BTC 87,718.00 0.0034470300
OKEx DCR/USDT 809,285.00 135.7000000000
CoinEx DCR/USDT 6,835.22 135.4796000000
Huobi Global DCR/BTC 61,120.00 0.0034590000
Bittrex DCR/USD 23,449.00 135.0000000000
XT.COM DCR/SXC 511,048.00 884.1339000000
Huobi Global DCR/ETH 17,646.50 0.0593630000
KuCoin DCR/BTC 87,281.00 0.0034686400
LATOKEN DCR/BTC 28,663.00 0.0034730000
KuCoin DCR/ETH 2,076.53 0.0586508000
Gate.io DCR/BTC 16,877.97 0.0034560000
CoinEx DCR/BTC 4,808.80 0.0034447700
NovaDAX DCR/BRL 1,389.54 702.6471000000
HitBTC DCR/USDT 60.76 135.0050000000
Hotbit DCR/USDT 26,869.00 135.8969000000
Hotbit DCR/BTC 3,185.89 0.0034598000
EXMO DCR/BTC 53,319.00 0.0034507900
WazirX DCR/INR 7,072.41 10,050.0000000000
Huobi Korea DCR/USDT 26,520.00 135.7379000000
BitBNS DCR/INR 48,344.00 10,335.3500000000
WazirX DCR/USDT 1,692.42 129.6700000000
DragonEx DCR/USDT 2,469,387.00 130.1700000000
Float SV DCR/BTC 205.66 0.0034600000
YoBit DCR/RUR 0.00 1,596.1999999900
Huobi Korea DCR/BTC 107.82 0.0033800000
MEXC Global DCR/USDT 422,151.00 136.1753700000
NovaDAX DCR/USDT 483.11 135.3188000000
Float SV DCR/USDT 206.87 129.3400000000
YoBit DCR/BTC 30.69 0.0003897500
YoBit DCR/USD 23.90 13.0001000000
bleutrade DCR/BTC 246.45 0.0035657800

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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