Decred (DCR)

$15.9198 (-7.34%)

CMC# Market Cap (USD) Volume (24hr) Circulating Supply NVTS Change (7d) Change (24h) Savings Per 1K
37 $167,641,000.00 $6,898,460.00 10,530,300 DCR 26 -7.34% -0.6% $1,168.51

Exchange Pair Volume (24h) Price
Bittrex DCR/BTC 30,039.00 0.0018987400
Upbit DCR/BTC 30,039.00 0.0018987400
Poloniex DCR/BTC 6,609.65 0.0019056400
Upbit DCR/KRW 7,349.17 18,700.0000000000
KuCoin DCR/BTC 701.35 0.0019090300
EXMO DCR/BTC 11,879.96 0.0019196300
EXMO DCR/UAH 8,711.80 394.0868400000
EXMO DCR/RUB 9,643.58 1,055.2610000000
Upbit DCR/USDT 15.95 15.9576931600
MXC DCR/USDT 1,012,378.00 15.9095100000
Atomars DCR/BTC 1.86 0.0019142700
Binance DCR/BTC 192,002.00 0.0019000000
Huobi Global DCR/BTC 10,555.38 0.0019010000
Oceanex DCR/USDT 317,427.00 15.8250000000
XT DCR/BTC 63,127.00 0.0019079100
Oceanex DCR/VET 319,473.00 4,442.0000000000
XT DCR/SXC 32,692.00 113.0348000000
XT DCR/USDT 40,030.00 15.9663000000
Huobi Global DCR/USDT 20,363.00 15.8745000000
Huobi Global DCR/ETH 2,389.36 0.0856020000
Bkex DCR/USDT 39,753.00 15.9349000000
CoinAll DCR/BTC 23,069.00 0.0019000000
OKEx DCR/BTC 5,718.52 0.0019000000
Binance DCR/BNB 2,546.93 0.8740000000
Gate.io DCR/USDT 916.88 15.7770000000
HitBTC DCR/BTC 15,457.17 0.0018278000
OKEx DCR/USDT 10,728.34 15.8700000000
Gate.io DCR/BTC 480.19 0.0019110000
Bittrex DCR/USDT 15.95 15.9576931600
KuCoin DCR/ETH 9.87 0.0860000000
YoBit DCR/USD 41.68 15.6803366700
CoinEx DCR/BCH 3,797,220.00 0.0703306800
QBTC DCR/CNYT 1,397,730.00 112.4600000000
CoinEx DCR/BTC 732,012.00 0.0019062300
DragonEx DCR/USDT 281,346.00 16.1300000000
Bkex DCR/ETH 34,367.00 0.0866030000
BW.com DCR/BTC 60,361.00 0.0019000000
ChainEX DCR/BTC 43,537.00 0.0018974300
Bkex DCR/BTC 31,955.00 0.0019110000
BW.com DCR/USDT 10,036.80 15.9800000000
Atomars DCR/ETH 0.05 0.0859999000
BW.com DCR/ETH 1,272.32 0.0850000000
BitAsset DCR/USDT 1,146.53 15.8700000000
FEX DCR/BTC 1,234,719.00 0.0019010000
Upbit Indonesia DCR/BTC 113,365.00 0.0018987400
Upbit Indonesia DCR/USDT 48,467.00 15.9576931600
Huobi Korea DCR/USDT 264.16 15.8844000000
Huobi Korea DCR/BTC 100.22 0.0019020000
Livecoin DCR/BTC 227.74 0.0017488900
HitBTC DCR/ETH 45.78 0.0796410000
HitBTC DCR/USD 16.93 15.2121000000
OKEx Korea DCR/BTC 0.00 0.0019000000
OKEx Korea DCR/USDT 0.00 15.8700000000
Huobi Korea DCR/ETH 0.00 0.0855600000
OKCoin DCR/USD 0.00 16.3000000000
OKEx Korea DCR/ETH 0.00 0.0860000000
OKEx DCR/ETH 28.57 0.0860000000
Braziliex DCR/BRL 413.48 66.0000000000
YoBit DCR/BTC 2.51 0.0018021600
YoBit DCR/DOGE 0.00 6,584.5689191200
Livecoin DCR/USD 0.00 0.0000000000
YoBit DCR/ETH 0.00 0.0420080300
YoBit DCR/WAVES 0.00 9.0000102000
OmniTrade DCR/BRL 0.00 44.0000000000
CryTrEx DCR/BTC 0.00 0.0019220000

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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