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. 

Why we need Decred: An inclusive approach to sound money

26 Sep 2020 21 minute read 2 comments rubyshred

What is sound money, and how is it related to Bitcoin? Why do our currencies lose value over time? Can we automate politics out of monetary policy making, but retain a structure for coordination and governance? Abstract: This research paper outlines...

Monero and Decred are the new Bitcoin

26 Sep 2020 3 minute read 5 comments john3

  When I first became aware of Bitcoin, it was a revolution. It seemed immediately clear that it would cause major disruption to the status quo or be suffocated in its infancy. This was in early 2013, so it was already going for four years, but the...

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...

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...

Top 5 Privacy Coins to Use if You Ever Need to go Anonymous

31 May 2020 2 minute read 24 comments CryptoMarketing

There are currently about 20 different privacy coins according to Messari, all aimed at providing you with maximum privacy and security. The following are the top 5 from the list based on market capitalizations. Market capitalization is a popular but...

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...

Decentralized Credit: Decred

23 Mar 2020 4 minute read 4 comments M87

Short for Decentralized Credit, Decred (DCR) is one of the many cryptocurrencies that looks to resolve the problems that Bitcoin has. Trying to bring decentralized finance, Decred has managed to stay among one of the top 50 coins by market cap. With...

This Is Why I Am Bullish On Decred Coin | DCR Has Completed The Bullish Setup For Upto 510% Big Gains

22 Mar 2020 2 minute read 0 comments moon333

On 19 Aug 2019 I shared a post where I have explained that priceline of Decred Decred (DCR) / Bitcoin is moving within a very big pennant since June 2017. Within the pennant the price action formed head & shoulder pattern and pushed the price action...

Decred (DCR) Has Completed Bullish Setup For Up to 359% Profit

20 Feb 2020 1 minute read 1 comment moon333

Decred (DCR) is an open source Bitcoin fork and placed at 38th rank out of more than 2300 cryptocurrencies as per coinmarketcap data. This is also one of the most undervalued coin and it has potential to produce very massive profit move in the year o...

Best crypto coins to invest in for the tech in 2020

18 Jan 2020 1 minute read 11 comments MadMaxx

If you know me, you know I usually don't care about the project. I'm all about that yellow lambo life baby! But there are some cryptocurrencies that have caught my eye, and in this post I'll be sharing them with you. Do note that this isn't based on...