Decred update: DCR Live price, price chart, news and markets

Decred
DCR
star share
$14.13
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4.63%
Rank #202 | Category
staking
dao
privacy
proof-of-work
altcoin
halal
dino
Market Cap btn-info
$236,743,298
Fully Diluted Market Cap btn-info
$296,687,770
Volume btn-info
$2,541,030

Decred Price Chart Update [DCR]

Decred Price Update Today

The DCR price update as of now is $14.13. In the previous 24 hours, its trading volume was $2,541,030, and its value has increased by 4.63%. As of now, DCR's live market cap is $236,743,298, and it is ranked as the #202 on the Coincu. DCR has a circulating supply of 21,000,000 and a maximum supply of 21,000,000.

About Decred

What is Decred?

Decred is a cryptocurrency that employs a hybrid proof-of-work proof-of-stake (PoW/PoS) system. It places significant emphasis on community involvement, transparent governance, and sustainable funding for development. Decred's hybrid consensus and on-chain governance mechanisms ensure that no single entity can control transactions or make changes without community input. The project finances its own development through a decentralized treasury.

Exciting Prospects for Decred

Decred presents innovative opportunities by leveraging the decentralized nature of blockchain technology to prevent monopolization of voting power within the project. One of Decred's primary goals is to ensure that all DCR holders have equal decision-making authority and that large institutions cannot manipulate voting outcomes in their favor.

Through ticket-holder voting, Decred allows individuals with sufficient DCR holdings to participate in votes regarding the project's future and operations. Additionally, Decred has developed a dedicated voting platform called Politeia, which facilitates user participation in voting, proposal submission, and discussions.

Moreover, Decred employs a hybrid consensus mechanism that combines both proof-of-work (PoW) and proof-of-stake (PoS) models to safeguard voting rights.

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Cir. Supply
21,000,000

Max Supply
21,000,000