Decred (DCR)

$20.6447 (-0.02%)

CMC# Market Cap (USD) Volume (24hr) Circulating Supply NVTS Change (7d) Change (24h) Savings Per 1K
35 $222,690,000.00 $6,624,830.00 10,786,800 DCR 32 -0.02% 5.46% $4.13

Exchange Pair Volume (24h) Price
Binance DCR/BTC 320,039.00 0.0029200000
Bittrex DCR/BTC 64,874.00 0.0028945300
Upbit DCR/KRW 101,019.00 23,820.0000000000
Poloniex DCR/BTC 13,241.70 0.0029000000
KuCoin DCR/BTC 2,437.86 0.0029124800
KuCoin DCR/ETH 737.59 0.1436392000
Binance DCR/BNB 6,930.23 1.4390000000
EXMO DCR/BTC 12,766.75 0.0028839100
Gate.io DCR/USDT 2,125.08 20.5820000000
MXC DCR/USDT 2,081,611.00 20.5975900000
XT DCR/USDT 612,599.00 20.7744000000
XT DCR/SXC 505,165.00 146.0341000000
XT DCR/BTC 475,952.00 0.0029203400
Atomars DCR/BTC 5.12 0.0028910600
Huobi Global DCR/USDT 59,566.00 20.6604000000
OKEx DCR/BTC 395,246.00 0.0029000000
CoinAll DCR/BTC 382,928.00 0.0029000000
CoinEx DCR/USDT 294,271.00 20.5900000000
Oceanex DCR/USDT 342,343.00 20.7120000000
Oceanex DCR/VET 323,541.00 3,724.0000000000
CoinEx DCR/BCH 290,836.00 0.0996630100
Huobi Global DCR/BTC 71,918.00 0.0029130000
Atomars DCR/ETH 3.55 0.1436403000
BW.com DCR/USDT 41,257.00 20.7500000000
Huobi Global DCR/ETH 4,530.06 0.1452350000
Hotbit DCR/BTC 19,575.57 0.0028802200
ChainEX DCR/BTC 5,815.42 0.0028931600
Bittrex DCR/USD 451.63 20.5980000000
QBTC DCR/USDT 6,610,768.00 20.6440000000
ZG.com DCR/BTC 939,019.00 0.0028970000
CoinEx DCR/BTC 254,297.00 0.0029087800
ZG.com DCR/USDT 115,939.00 20.3662000000
DragonEx DCR/USDT 89,853.00 20.1500000000
FEX DCR/BTC 1,015,850.00 0.0029050000
BKEX DCR/USDT 106,832.00 19.5475000000
BKEX DCR/ETH 90,834.00 0.1374620000
BKEX DCR/BTC 121,546.00 0.0027530000
OKEx Korea DCR/BTC 0.00 0.0029000000
EXMO DCR/RUB 12,970.53 1,351.3320000000
Hotbit DCR/ETH 21,498.00 0.1395592500
EXMO DCR/UAH 10,309.86 465.1445600000
Livecoin DCR/BTC 186.27 0.0025282900
Huobi Korea DCR/ETH 0.00 0.1440410000
Huobi Korea DCR/BTC 0.00 0.0029090000
Huobi Korea DCR/USDT 0.00 20.6999000000
Bittrex DCR/USDT 153.19 20.2667169600
HitBTC DCR/BTC 325.24 0.0028521000
HitBTC DCR/ETH 0.02 0.1419330000
HitBTC DCR/USD 0.29 19.5409000000
OKEx DCR/USDT 557.73 20.0100000000
BitAsset DCR/USDT 160.50 20.0100000000
YoBit DCR/WAVES 0.04 24.1723092500
Gate.io DCR/BTC 2,329.02 0.0029000000
Braziliex DCR/BTC 119.53 0.0027999900
Braziliex DCR/BRL 10.45 83.5500000000
Elitex DCR/BTC 0.00 0.0027360000
OKEx Korea DCR/USDT 0.00 20.0100000000
YoBit DCR/BTC 0.00 0.0021600000
Elitex DCR/USDT 0.00 12.3700000000
YoBit DCR/RUR 0.03 1,070.9311549800
OKEx Korea DCR/ETH 0.00 0.1350000000
OKEx DCR/ETH 165.64 0.1350000000
Upbit DCR/BTC 36.31 0.0029897700
YoBit DCR/DOGE 0.00 8,174.2988298000
Upbit DCR/USDT 71.40 39.4789999900
YoBit DCR/USD 0.00 16.9999999800
YoBit DCR/ETH 0.00 0.1262692400
Upbit Indonesia DCR/USDT 1,587.34 39.4789999900
Upbit Indonesia DCR/BTC 1,202.32 0.0029897700
OmniTrade DCR/BRL 0.00 63.0000000000
OmniTrade DCR/BTC 0.00 0.0023000000

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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