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Decred

DCR

4.8

Price
$26.73
9/29/2022, 10:17:49 AM
diamondHands

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Market

Market stats

Market cap

$389.6M

Volume (24h)

$8.1M

Circulating supply

14.4M DCR

All time high

$250.02

Price change (1h)

+6.65%

Price change (24h)

+10.54%

Price change (7d)

-7.71%

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Decred is on the decline this week.

The price of Decred has fallen by 7.71% in the past 7 days. The price increased by 10.54% in the last 24 hours. In just the past hour, the price grew by 6.65%. The current price is $26.734262 per DCR. Decred is 89.31% below the all time high of $250.02.

The current circulating supply is 14,385,670.665 DCR.

About

Decred is a cryptocurrency that combines two consensus models: proof of work and proof of stake. When new blocks are mined, 60% of the block reward goes to proof of work miners, 30% to proof of stake voters, and 10% to fund development of the protocol. Stakeholders may also vote on changes to the protocol itself.

What is Decred (DCR)?

Decred (DCR) is a blockchain-based platform with a primary focus on community input and open governance. The platform welcomes everyone to participate, join project groups and contribute to development. As per the whitepaper, the platform operates with the hybrid Proof-of-Work (PoW) and Proof-of-Stake (PoS) mining process. The hybrid model ensures that a small group does not overpower the flow of transactions or modify Decred without the community's inputs. The protocol aims to facilitate sustainable funding for the development of the cryptocurrency.

Further, DCR is the native utility token of the Decred platform. Decred holders can stake DCR to obtain voting tickets to vote on on-chain decisions. Also, 30% of the block reward goes to holders of the tickets who vote in one particular block. DCR token holders get an opportunity to choose a project by randomly sealing their coins in exchange for tickets in order to gain staking rewards. Listed below are some of the ways a user can acquire Decred (DCR):

  • Purchase Decred on an exchange: Cryptocurrency exchanges allow swapping digital currency for Decred, or direct exchanges permit Decred to be purchased with traditional currency. Also, traders permit extensive purchases of Decred at a set price.

  • PoW mine reward as Decred: Proof-of-Work (PoW) is a measure of using computational power to design and demonstrate the cryptographically protected blockchain. 

  • Participate in proof-of-stake voting: Proof-of-Stake (PoS) voting is executed by the stakeholders who seal a certain amount of their DCR tokens in return for voting rights and economic rewards.

  • Donate to Decred: Decred is available to contributions across all domains. Community members are paid for the contribution made in Decred and further obtain DCR.

  • Trade goods or services with someone who already holds Decred: Another way to acquire Decred is to utilize a user’s skills, knowledge, and experience, which are in demand or requested by other members of the Decred community.

History of Decred (DCR)

Jake Yocom-Piatt is the founder of the Decred platform. The platform went live on February 8, 2016.

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FAQ

What is the current price of Decred?

The price of 1 Decred currently costs $26.73.

What is the market cap of Decred?

The current market cap of Decred is $389.62M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Decred?

The all-time high of Decred is $250.02. This all-time high is highest price paid for Decred since it was launched.

What is the 24 hour trading volume of Decred?

Over the last 24 hours, the trading volume of Decred is $8.06M.

What other assets are similar to Decred?

Assets that have a similar market cap to Decred include XDC Network, NEM, Celo, and many others. To see a full list, see our comparable market cap assets.

How many Decred are there?

The current circulating supply of Decred is 14 million.

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