Decred (DCR)

45 Articles 4 Followers

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. 

Luke Powell on Decred Governance, Hybrid Consensus, and New Decentralized Treasury

25 Nov 2020 1 minute read 1 comment TheDesertLynx

Decred developer Luke Powell comes on the podcast to talk about Decred's new decentralized treasury model to be deployed in its new release. We cover proof-of-work/proof-of-stake consensus hybrids and how they add an extra layer of security to the n...

Issue 39 — October 15 — November 16 2020

16 Nov 2020 3 minute read 0 comments Richard Red

Treasury balance: 643,095 DCR (approx +11,982 DCR/month) - $11.8 million (+$221k/month) based on $18.41 DCR price New proposals GoDCR: GoLang Native Desktop Wallet Published Nov 3 by raedah | edited Nov 5 |17 comments This proposal requests a budget...

Down the DCR rabbit hole: take the decred pill

15 Nov 2020 3 minute read 0 comments NOAH

What is Decred? Decred is a community-driven cryptocurrency designed to deliver a truly decentralized, fair, and sovereign alternative to traditional money. In the current system, a centralized authority such as a bank or government holds the power....

Decred Journal - October 2020

12 Nov 2020 19 minute read 1 comment Richard Red

Decred’s highlights in October: v1.6.0 had its first two release candidates, following community testing fixes and improvements are being rolled into a third release candidate which is coming soon. The initial release of the dcrdex MVP on mainnet a...

How to get on DCRDEX MVP

26 Oct 2020 6 minute read 0 comments Richard Red

With the recent initial MVP release of DCRDEX, there are some people who would like to use it and are finding it difficult. I’m not so comfortable with command line apps myself, but managed to get on the DCRDEX without too much trouble (I found it ea...

A Guide to Decred (DCR)

21 Oct 2020 5 minute read 1 comment

As cryptocurrency continues to become popular, people are learning about the need to take control of the Blockchain. Well, there are benefits of having a cryptocurrency that does not have a central authority, but there are cons for that as well. Decr...

Year two of Decred's Politeia in numbers and graphs

16 Oct 2020 3 minute read 0 comments Richard Red

This report presents an overview of Politeia activity data for the second year of its operation (Oct 16 2019 to Oct 16 2020). I have kept the analysis quite similar to last year’s report, so most of the graphs can be be directly compared with the pre...

How I learned to stop worrying and love the Decred DEX

15 Oct 2020 8 minute read 1 comment Bochinchero

I initially set out to do a single post that was essentially a combination of shower thoughts in long form for the Forward Thinking Friday threads on the Decred Reddit. Unfortunately, it got a bit out of hand and I’ve decided to split it into multipl...

Issue 38 - October 2nd - 14th 2020

15 Oct 2020 3 minute read 0 comments Richard Red

Treasury balance: 644,710 DCR (approx +12,100 DCR/month) - $7.5 million (+$141k/month) based on $11.65 DCR price New proposals Decred Content and Asset Translation Proposal Published Oct 14 by kozel | 7 comments This proposal requests a budget of up...

Decred Journal - September 2020

11 Oct 2020 18 minute read 0 comments Richard Red

Decred’s highlights for September: The decentralize Treasury spending PR is finally merged, after a comprehensive review process. dcrdex is addressing many sophisticated trustless swap scenarios discovered in early testing, the first mainnet swap w...