Decred (DCR)

$57.3289 (3%)

CMC# Market Cap (USD) Volume (24hr) Circulating Supply NVTS Change (7d) Change (24h) Savings Per 1K
49 $718,706,000.00 $31,131,100.00 12,536,500 DCR -- 3% 0.95% -$1,719.87

Exchange Pair Volume (24h) Price
XT DCR/USDT 337,402.00 58.5123000000
Binance DCR/BTC 4,614,708.00 0.0018540000
XT DCR/SXC 679,198.00 378.2611000000
MXC DCR/USDT 6,706,881.00 58.3426900000
HitBTC DCR/BTC 263,069.00 0.0018546000
Binance DCR/USDT 1,804,971.00 58.3160000000
AEX DCR/CNC 785,026.00 375.1000000000
HitBTC DCR/ETH 3,618.77 0.0446580000
HitBTC DCR/USD 98,004.00 58.1536000000
Huobi Global DCR/USDT 968,465.00 58.3043000000
Bittrex DCR/BTC 230,223.00 0.0018692000
Oceanex DCR/USDT 1,180,772.00 58.2950000000
OKEx DCR/BTC 4,516,055.00 0.0018700000
Hotbit DCR/BTC 4,662.26 0.0018598900
Huobi Global DCR/BTC 341,193.00 0.0018490000
OKEx DCR/USDT 1,910,611.00 58.3200000000
BKEX DCR/USDT 752,526.00 58.2780000000
Oceanex DCR/VET 1,326,068.00 2,053.0000000000
Hotbit DCR/USDT 37,508.00 58.3289000000
BiKi DCR/USDT 64,030.00 58.1628000000
XT DCR/BTC 364,428.00 0.0018548100
CoinEx DCR/USDT 143,021.00 58.2125000000
Atomars DCR/BTC 22,812.00 0.0018600100
Atomars DCR/USDT 10,753.45 58.4400000000
Huobi Global DCR/ETH 81,967.00 0.0446170000
Bittrex DCR/USDT 74,992.00 58.0584360000
Gate.io DCR/USDT 86,034.00 58.4070000000
Gate.io DCR/BTC 24,467.00 0.0018560000
KuCoin DCR/BTC 59,027.00 0.0018479100
Poloniex DCR/BTC 72,647.00 0.0018425100
KuCoin DCR/ETH 10,924.64 0.0446524000
Hotbit DCR/ETH 4,625.46 0.0451111300
CoinAll DCR/BTC 38.23 0.0018500000
EXMO DCR/RUB 10,147.68 4,350.3882000000
NovaDAX DCR/USDT 1,945.13 57.7462000000
CoinEx DCR/BTC 352,131.00 0.0018601200
EXMO DCR/BTC 11,180.02 0.0018770100
BiONE DCR/USDT 1,514,504.00 58.4947000000
Bittrex DCR/USD 632,135.00 57.4550103100
LATOKEN DCR/BTC 49.67 0.0018350000
Huobi Korea DCR/USDT 70,514.00 58.1556000000
Huobi Korea DCR/ETH 1,272.30 0.0446170000
Huobi Korea DCR/BTC 237.10 0.0018500000
NovaDAX DCR/BRL 100,284.00 317.5851000000
DragonEx DCR/USDT 1,169,562.00 59.8900000000
EXMO DCR/UAH 6,877.88 1,602.0577000000
Hoo.com DCR/USDT 96,370.00 58.3720000000
OKEx Korea DCR/BTC 450.08 0.0017500000
bleutrade DCR/BTC 1,462.54 0.0019061700
Braziliex DCR/BTC 10.60 0.0016600000
YoBit DCR/BTC 6.56 0.0003061200
YoBit DCR/USD 5.11 10.2279301300
YoBit DCR/RUR 0.45 1,150.0000000000
YoBit DCR/ETH 6.41 0.0031800800
Braziliex DCR/BRL 27.71 364.9800000000

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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