Decred (DCR)

$25.1883 (-1.16%)

CMC# Market Cap (USD) Volume (24hr) Circulating Supply NVTS Change (7d) Change (24h) Savings Per 1K
31 $258,919,000.00 $6,549,970.00 10,279,300 DCR 41 -1.16% 0.82% $292.18

Exchange Pair Volume (24h) Price
Bittrex DCR/BTC 38,219.00 0.0024142800
Binance DCR/BTC 162,335.00 0.0024190000
Poloniex DCR/BTC 25,186.00 0.0024087400
Binance DCR/BNB 4,983.97 0.9290000000
EXMO DCR/BTC 18,690.97 0.0024104800
EXMO DCR/UAH 13,394.11 632.9583000000
MXC DCR/USDT 3,312,946.00 25.0843200000
XT DCR/USDT 835,618.00 25.1560000000
XT DCR/SXC 803,580.00 177.5662000000
XT DCR/BTC 379,060.00 0.0024227700
Huobi Korea DCR/BTC 439.12 0.0024180000
HitBTC DCR/BTC 15,172.47 0.0023977000
Oceanex DCR/VET 595,536.00 5,447.0000000000
Oceanex DCR/USDT 496,083.00 25.1300000000
Upbit DCR/BTC 38,151.00 0.0024142800
Huobi Korea DCR/USDT 451.03 25.0874000000
Huobi Global DCR/BTC 57,016.00 0.0024150000
Huobi Global DCR/USDT 64,523.00 25.0843000000
Huobi Korea DCR/ETH 10.65 0.1296730000
Huobi Global DCR/ETH 8,677.68 0.1298340000
CoinAll DCR/BTC 20,289.00 0.0024200000
OKEx DCR/BTC 1,266.30 0.0024200000
BitAsset DCR/USDT 36,178.00 25.1000000000
KuCoin DCR/BTC 1,966.82 0.0024017000
ChainEX DCR/BTC 40,617.00 0.0024125600
OKEx DCR/USDT 2,793.15 24.8800000000
Upbit DCR/KRW 4,682.05 30,220.0000000000
OKEx DCR/ETH 702.93 0.1310000000
QBTC DCR/CNYT 1,576,033.00 175.9600000000
CoinEx DCR/BCH 900,205.00 0.0809031700
BW.com DCR/USDT 320,873.00 24.9200000000
HitBTC DCR/ETH 80.19 0.1293050000
BW.com DCR/BTC 220,869.00 0.0024100000
CoinEx DCR/BTC 89,719.00 0.0024133500
BW.com DCR/ETH 5,045.65 0.1300000000
KuCoin DCR/ETH 705.36 0.1286187000
Gate.io DCR/BTC 23.21 0.0024200000
OmniTrade DCR/ETH 221.13 0.1297000000
OmniTrade DCR/BTC 217.78 0.0024000000
FEX DCR/BTC 995,487.00 0.0024150000
Livecoin DCR/BTC 244.36 0.0024314700
OmniTrade DCR/USDC 131.23 25.0000000000
EXMO DCR/RUB 15,149.51 1,684.7414000000
Gate.io DCR/USDT 1,272.51 24.6700000000
OmniTrade DCR/BRL 217.98 105.0000000000
YoBit DCR/USD 3.95 25.4438562900
CryTrEx DCR/BTC 0.00 0.0024370000
YoBit DCR/BTC 0.00 0.0024590200
OKEx DCR/OKB 239.27 8.7000000000
Braziliex DCR/BRL 26.29 101.0100000000
YoBit DCR/WAVES 0.00 8.9256989800
Bittrex DCR/USDT 2,312.99 25.4840000000
Upbit DCR/USDT 2,315.16 25.4840000000
HitBTC DCR/USD 0.00 24.7435000000
Exrates DCR/BTC 2.40 0.0050000100
YoBit DCR/ETH 4.28 0.1323902000
YoBit DCR/DOGE 0.00 9,200.9896257600
YoBit DCR/RUR 0.00 1,500.0000000100
Livecoin DCR/ETH 0.00 0.0000000000

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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