Decred (DCR)

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Decred Coin (DCR) is a cryptocurrency and decentralized autonomous organization (DOA) made by Company 0 in 2016. It is a decentralized blockchain network that incorporates and prioritizes decentralized governance and decision making on the blockchain itself. 

Short for decentralized credit, Decred takes Bitcoins best features and introduces mechanisms to improve governance and decision making, a mechanism to limit the mining influence and also a mechanism to conduct Atomic Swaps - a method of transacting between two cryptocurrencies without the need for a centralized exchange. The main feature of Decred is the fact that it offers complete autonomy to stakeholders as improvement and decisions are voted upon and enacted directly by the miners and stakers within the network. Decred are hoping to reduce, and possibly eliminate, hard forks as every user will have a vote. 

The mining consensus algorithm on Decred is a hybrid version which employs both Proof-of-Work (PoW) and Proof-of-Stake (PoS) where both the miners and stakers receive the usual rewards for their relative roles. Mining on PoW is similar to that of mining on Bitcoin. To take part in the Proof-of-Stake system, users must use DCR to buy tickets that will allow you to participate. The staking system encourages longer-term investment in Decred as the DCR is tied up for a few weeks in the staking process. Once the user has received the ticket, it is placed in a pool and will be drawn out randomly. The system is designed so that you have a 50% chance of being chosen within 28 days and a 99.5% chance to be chosen before your ticket expires. 

In this tag you can discover Decred (DCR) news, price prediction, opinion and analysis created by users. 

Top Things You Should Know About Decred (DCR)

6 May 2020 10 minute read 5 comments MuyAsk

Hey guys :) I’m back once again with yet another comprehensive list of questions and answers; this time for the promising Bitcoin-like governance cryptocurrency – Decred (DCR). In the following article, I lay everything out on the line so that you ca...

A 2020 In-Depth Review of Decred (DCR)

13 Aug 2020 1 minute read 0 comments ChangeNOW

Decred (DCR) is an open-source digital currency and blockchain ledger that was launched in 2016. It has several similarities to Bitcoin (BTC), but it also boasts unique features that distinguish it from its cryptocurrency peers. The programming langu...

Decred Price Prediction: Everything that You Need to Know

14 Aug 2020 1 minute read 2 comments ChangeNOW

Officially launched in February 2016, Decred was the brain-child of Company0 CEO, Jake Yocom-Piatt. Jake’s desire to build Decred was inspired by the issues embedded in Bitcoin’s system of governance. Jake described the system as an “informal oligarc...

Weekly price digest: BTC, ETH, HNT, DCR & SHIB

5 Sep 2022 1 minute read 0 comments SimpleLearn

On Friday, August 26, the Fed announced plans to continue the policy of raising the rate, despite the probable negative consequences. This news triggered a fall in the US stock market. The correlation between the stock market and the crypto market is...

Bitcoin, has it become a toxic relationship?

5 May 2022 1 minute read 0 comments soy pobre

Hello! Today I will write about something different than usual. I have recently read several articles commenting on whether we are indeed facing a disaster or a cyclical phenomenon, in my case I have taken it very calmly, especially because I am new...

【DCR / Decred】

11 Jan 2022 1 minute read 0 comments グルスキー (gursky)

It is a virtual currency that allows users to decide whether or not to adopt the system developed by the developer through a vote that allows users to reflect their opinions. The approval method is a hybrid of PoW and PoS. The approval method is a hy...

Decred Journal - November 2021

20 Dec 2021 16 minute read 1 comment Richard Red

Image: Remote Node Outpost II by @saender November’s highlights: A huge proposal to change the distribution of Decred block rewards so that PoW miners get a much smaller share was published, discussed, and has now been approved. The community has f...

Decred Journal - October 2021

14 Nov 2021 14 minute read 1 comment Richard Red

Image: Remote Node Outpost by @saender Highlights for October: Politeia celebrated its third year of operation and had another busy development month. The mobile wallets proposal from @raedah was funded for another year. The GoDCR proposal was reje...

Decred Journal - September 2021

16 Oct 2021 14 minute read 2 comments Richard Red

Image: Fourier’s Square by @saender September’s highlights: Work on the DCP-8 and DCP-9 consensus changes has been completed, they are ready to be introduced for an on-chain vote to ratify them. Politeia has been updated to v1.2, adding features li...

Decred Journal – August 2021

14 Sep 2021 14 minute read 4 comments Richard Red

Politeia v1.1.0 has been released and deployed to the proposals site, it adds new features, including expanded metadata and enhanced UI. The ticket price finally set a new all time high of 321, which even surpassed the spikes in Decred’s history, c...