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DCRUSD
Decred / United States dollar
crypto Composite

Real-time
5/29/2023 6:42:14 AM UTC
16.00000000USD-4.096%(-0.68328943)64DCR1,046USD
0.00000000Bid   16.58562525Ask   16.58562525Spread
OverviewHistoricalTrendsNewsMore
Composite
16.00000000
Bittrex
16.00000000
open chart   
open chart   
Market Cap
239.762M USD
Category
Payments
Sector
Currencies
Consensus
Hybrid PoW & PoS
Hash
BLAKE-256
Genesis Block
2016-02-08
Related
DCRUSDTDCRBTCDCRETH
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More News
Profile
Decred is a hybrid proof-of-work proof-of-stake (PoW/PoS) cryptocurrency with a strong focus on community input, open governance, and sustainable funding for development. It utilizes its hybrid consensus and on-chain governance systems to ensure that a small group cannot dominate the flow of transactions or make changes to Decred without the input of the community. The project funds its own development from a decentralized treasury. Decred is a hybrid proof-of-work (PoW) proof-of-stake (PoS) network with on-chain governance and a decentralized treasury. Decred, the protocol, is a distributed, time-stamped ledger of unspent transaction output (UTXO) transfers stored in an append-only chain of dynamic-sized data blocks. A network of mining and economic nodes maintains this blockchain by validating, propagating, and competing to include pending transactions (mempool) in new blocks. Economic nodes (aka "full nodes") receive transactions from other network participants, validate them against network consensus rules and double-spend vectors, and propagate the transactions to other full nodes that also validate and propagate. Valid transactions are sent to the network's mempool waiting for mining nodes to confirm them via inclusion in the next block. Mining nodes work to empty the mempool usually in a highest-to-lowest fee order by picking transactions to include in the next block and racing against each other to generate a hash less than the target number set by Decred's difficulty adjustment algorithm. Decred uses a Proof-of-Work (PoW) consensus mechanism to establish the chain of blocks with the most accumulated "work" (a.k.a., energy spent on solved hashes) as the valid chain. Decred also uses a Proof-of-Stake (PoS) consensus mechanism to validate blocks submitted by miners (and vote on Decred governance proposals). The PoS layer serves to provide a check on miner power. 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.

Decred (DCR-USD) Live Summary

Decred price today is $16.00000000, and the 24-hour volume is 64. Decred is down -4.096% in the last 24 hours. Decred market cap is $239,762,422 with a circulating supply of 14,985,151. The max supply is 21,000,000.


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