Decred
Current price
$14.97
−7.36%24h
LiveUpdated 20s ago
TodayDecred drops 7.4%, trailing the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour−0.20%
- 24 hours−7.36%
- 7 days−16.32%
- 30 days−9.22%
- 1 year−14.65%
Decred's move in context
Lagging the market today
−7.36% today against −3.24% for the market as a whole, a gap of 4.1 points. A gap this wide suggests something specific to Decred may be moving it, not just the market mood.
Part of a slide
−16.3% over 7 days and −9.2% over 30 days: the recent move continues the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About Decred
Overview
Decred (DCR) is a cryptocurrency designed to offer a more decentralized and self-governing alternative to mainstream cryptocurrencies. Launched in February 2016, Decred aims to provide an efficient means of transferring value while incorporating user-driven governance. One of its core missions is to strike a balance between developer and user stakeholders, allowing the community to influence decisions regarding the project’s future. Decred distinguishes itself with a hybrid consensus mechanism that combines Proof of Work (PoW) and Proof of Stake (PoS), thus promoting broader participation in the network and reducing the risk of centralization that often plagues other cryptocurrencies.
Technical Features
Decred's technical architecture is built on a hybrid consensus mechanism that combines PoW mining and PoS staking. This dual-layer system allows miners to secure the network while giving stakeholders a voice in governance decisions such as protocol upgrades and spending proposals. The security model uses a ticket-based voting system, where users must hold and stake tickets to participate in governance. The network architecture is designed to maintain pace with user growth and transaction volume, utilizing efficient mechanisms for block generation and confirmation. On top of this, Decred employs a unique algorithm called "Politeia," a decentralized proposal system that enables the community to submit and vote on development proposals transparently.
Use Cases
Decred serves multiple use cases within the cryptocurrency landscape. Its primary application is as a decentralized currency, targeting efficient cross-border payments and remittances with lower fees compared to traditional intermediaries. Additionally, Decred's governance structure empowers users to participate in decision-making processes related to project development, making it suitable for decentralized finance (DeFi) applications. Furthermore, Decred supports atomic swaps, allowing for peer-to-peer trading with other cryptocurrencies without the need for an intermediary. This versatility extends to tokenized assets and potential integrations with NFTs, creating a diverse ecosystem for users and developers alike.
Development Background
The inception of Decred was led by a group of developers from the Bitcoin community who sought to address scalability and governance issues found in Bitcoin and other cryptocurrencies. The project was decentralized from the beginning, fostering contributions from a diverse set of developers and researchers. Since its launch, Decred has undergone numerous upgrades and enhancements, including the implementation of the Lightning Network for faster transactions and improved scalability. The project has garnered attention for its proactive approach to security and governance, positioning itself as a mature player in the cryptocurrency space.
Community and Ecosystem
Decred boasts a robust and engaged community that plays an integral role in its development and ecosystem. The Decred community actively participates in development discussions and governance decisions, contributing to a culture of transparency and inclusivity. Several organizations and projects have partnered with Decred, enhancing its ecosystem with applications focusing on wallet services, payment processing, and development frameworks. The Decred ecosystem also includes educational initiatives aimed at promoting blockchain understanding and user participation.
Future Potential
Looking ahead, Decred's potential lies in its ability to adapt to the evolving needs of the cryptocurrency market. With the ongoing development of its governance mechanisms, users can expect enhanced features designed to foster community engagement. Furthermore, Decred's emphasis on security and scalability may attract new users and developers as the demand for decentralized solutions continues to rise. Additionally, upcoming developments noted on its roadmap include enhancements to its wallet services and the broader implementation of interoperability features, which may further position Decred as a leading cryptocurrency in the decentralized finance landscape.
Decred market
- Position by market cap among the coins we track.
- #110
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $264.19M
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $14.96High $16.31
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $247.35
- Now 6% of itReached 17 Apr 2021 · Needs +1,552% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 17.65M DCR
- 84% of max
- Coins that exist now and can be traded.
- The most coins that can ever exist. Some coins have no limit.
- 21M DCR
- The most coins that can ever exist. Some coins have no limit.
Decred converter
1 Decred = $14.97
