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Decred is a community-focused cryptocurrency that operates a hybrid proof-of-stake/proof-of-work consensus mechanism. Decred intends to address the scalability and governance issues that plague legacy cryptocurrencies by running a fully decentralised development process. It aims to create a blockchain that can be efficiently upgraded in line with its community needs to avoid messy hard forks.
Other than true decentralisation, Decred also lets its users join mining pools with a relatively low barrier to entry. They can join a proof-of-work pool in order to be given mining tokens relative to the hashing power they contribute to mining each block, or a proof-of-stake pool to help amplify their current DCR stake.
DCR is the native token of the Decred network and is the foundation for the protocol’s economic and governance systems. Users can stake their DCR coins to participate in proposals and earn voting rights. Staked and mined DCR tokens are also used to validate transactions on the network.
Decred (DCR) is in the top 1,000 cryptocurrencies in the world by market cap, valued at $548,249,874. The current price of Decred is $54.6234, which is 2.019% higher than yesterday. Prices have ranged between $55.9911 and $53.4249 over the past 24 hours. All prices are listed in Australian dollars (unless otherwise noted) and accurate as of May 23, 2022 07:05 UTC.
| Coin symbol | DCR |
|---|---|
| Coin Marketcap | AUD$548,249,874 |
| Total DCR supply | 21,000,000 |
| Circulating DCR | 14,041,375 |
| Current price | AUD$54.6234 |
| All time high | AUD$491.7516 |
| Notable team members | Alex Yocom-Piatt, Dave Collins, David Hill, Jacob Yocom-Piatt, John Vernaleo, Josh Rickmar. |
| Industry | Blockchain platform |
| Token uses | Governance |
| Network | Decred |
Historical prices compared with the price of $54.6234.
| 1 hour | -1.00% |
|---|---|
| 24 hours | 2.02% |
| 7 days | -2.41% |
| 14 days | -21.17% |
| 30 days | -39.62% |
|---|---|
| 60 days | -34.61% |
| 200 days | -65.44% |
| 1 year | -68.24% |
Disclaimer: Cryptocurrencies, including Decred, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of DCR is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Decred or any other cryptocurrency discussed.
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