Decred (DCR)

$18.116 (-0.63%)

CMC# Market Cap (USD) Volume (24hr) Circulating Supply NVTS Change (7d) Change (24h) Savings Per 1K
35 $195,414,000.00 $93,432,300.00 10,786,800 DCR 23 -0.63% -4.45% $114.13

Exchange Pair Volume (24h) Price
Binance DCR/BTC 159,946.00 0.0021050000
Bittrex DCR/BTC 16,495.19 0.0021075400
Poloniex DCR/BTC 4,716.82 0.0021304400
Binance DCR/BNB 3,582.64 1.0410000000
KuCoin DCR/BTC 6,818.34 0.0021194000
EXMO DCR/BTC 11,724.31 0.0021138300
KuCoin DCR/ETH 33.66 0.1103589000
EXMO DCR/UAH 9,649.24 436.9779400000
MXC DCR/USDT 1,980,671.00 18.1042900000
XT DCR/USDT 622,542.00 18.0876000000
XT DCR/SXC 399,248.00 124.5554000000
XT DCR/BTC 370,427.00 0.0021064500
Atomars DCR/BTC 7.69 0.0021107700
Huobi Global DCR/BTC 30,363.00 0.0021140000
HitBTC DCR/BTC 32.82 0.0021087000
VCC Exchange DCR/BTC 16,459.83 0.0021075400
Oceanex DCR/VET 422,543.00 3,222.0000000000
Oceanex DCR/USDT 362,622.00 18.1540000000
Huobi Global DCR/USDT 108,588.00 18.1627000000
VCC Exchange DCR/USDT 1,387.16 18.1230000000
Bittrex DCR/USDT 1,446.87 18.1230000000
CoinEx DCR/USDT 205,808.00 18.2200000000
CoinEx DCR/BCH 189,156.00 0.0535344500
Bittrex DCR/USD 3,116.75 18.0710000000
CoinAll DCR/BTC 31,937.00 0.0021200000
OKEx DCR/BTC 34,536.00 0.0021200000
Huobi Global DCR/ETH 1,432.05 0.1105600000
Hotbit DCR/ETH 22,708.00 0.1124508300
Gate.io DCR/USDT 1,438.16 18.0000000000
Gate.io DCR/BTC 243.48 0.0021350000
BitAsset DCR/USDT 161.31 18.1700000000
Atomars DCR/ETH 0.09 0.1103588000
ZG.com DCR/BTC 7,667,128.00 0.0021000000
QBTC DCR/USDT 2,910,616.00 18.0580000000
BKEX DCR/ETH 1,142,881.00 0.1117960000
Hotbit DCR/BTC 433,526.00 0.0021381300
ZG.com DCR/USDT 382,389.00 17.9918000000
HitBTC DCR/ETH 0.02 0.1103250000
HitBTC DCR/USD 34.57 18.0625000000
CoinEx DCR/BTC 176,845.00 0.0021136800
DragonEx DCR/USDT 178,933.00 18.0400000000
OKEx DCR/USDT 573.50 18.1700000000
FEX DCR/BTC 1,784,406.00 0.0021170000
Huobi Korea DCR/BTC 70.74 0.0021110000
BKEX DCR/BTC 88,571,059.00 0.0021700000
Upbit DCR/KRW 1,221,405.00 26,150.0000000000
ZG.com DCR/ETH 734,763.00 0.1140590000
BKEX DCR/USDT 155,703.00 19.0910000000
EXMO DCR/RUB 12,389.34 1,147.6346000000
ChainEX DCR/BTC 12,293.43 0.0021608700
Livecoin DCR/BTC 394.66 0.0020116400
Upbit DCR/BTC 258.79 0.0025836600
Upbit Indonesia DCR/BTC 1,140.77 0.0025836600
YoBit DCR/ETH 0.02 0.1018600100
OKCoin DCR/USD 50.90 18.1800000000
OKEx DCR/ETH 3.31 0.1100000000
YoBit DCR/RUR 0.04 1,065.6295156100
CryTrEx DCR/BTC 442.77 0.0022690000
Huobi Korea DCR/USDT 7.11 18.4404000000
Braziliex DCR/BRL 6.61 76.0000000000
Huobi Korea DCR/ETH 1.96 0.1110790000
Chainrift DCR/BTC 1,020.23 0.0024889200
YoBit DCR/USD 0.80 13.4081498200
Upbit DCR/USDT 36.80 25.4129999600
YoBit DCR/WAVES 0.02 19.8102823800
YoBit DCR/BTC 3.90 0.0015120100
YoBit DCR/DOGE 0.07 7,411.5026851100
Upbit Indonesia DCR/USDT 290.38 25.4129999600
Braziliex DCR/BTC 5.86 0.0022968700

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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