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. 

Is Decred (DCR) A Good Investment? In-depth Analysis and Near to Longer-Term Expectations

2 Jan 2020 6 minute read 31 comments CryptoBoomer

Being at such an early stage in its lifecycle, many cryptocurrency projects are still working on the best path towards a decentralized system - for whatever it purposes. Ironing out the kinks, so to speak.  Sure, we have commercially viable platforms...

Decred (DCR) Price Prediction 2020 - $80 Possible?

1 Dec 2019 6 minute read 1 comment CryptoChartWizard91

Decred has seen a pretty turbulent year in 2019 after the cryptocurrency managed to soar during Q1 and Q2 of 2019, increasing by a total of 156% from the February low to the June 2019 high of $38. This was a pretty solid bullish run for Decred at the...

What is Decred (DCR)? [A Comprehensive Guide to Understanding Decred]

7 Oct 2019 7 minute read 8 comments Mr.CryptoWiki

To the average person, when they hear the word cryptocurrency, they most often associate it with Bitcoin (BTC). However, there are thousands of cryptocurrencies out there with varying use cases, goals, technologies, consensus algorithms, privacy feat...

Coinbase Now Exploring These 8 Crypto Projects

12 Aug 2019 1 minute read 5 comments Ed-california

Coinbase, which for about a year has added a series of new tokens to its platform, has just announced that it is “exploring” 8 new digital assets. This is a bid to add legitimate tokens to its platform for trading and cover 90% of all crypto assets i...

What is Decred Cryptocurrency: More information about Decred, a proof-of-work and a staking validator coin for POW

24 Jul 2019 3 minute read 0 comments QuintoTrader

     Decred is a native cryptocurrency created on Decred blockchain whose transaction takes place from one peer to another without involvement by the government thus is being considered to be decentralized. Decred cryptocurrency was created to enabl...