|Brief||Decred is an altcoin quite like Bitcoin. However, dissimilar to other altcoins, the prime focus of this crypto coin revolves around community input, open governance and sustainable financing and development.|
|Last updated:||Monday, August 19, 2019 3:58:04PM UTC|
|Current price, USD:||26.329|
|Current price, BTC:||0.0024653|
|Market capitalization, USD:||270 081 963|
|Available supply:||10 258 135 DCR|
|Volume 24 hours, USD:||2 644 168|
General DCR facts, technical details and general information about Decred crypto currency
Officially launched in February 2016, Decred is an altcoin quite like Bitcoin. However, dissimilar to other altcoins, the prime focus of this crypto coin revolves around community input, open governance and sustainable financing and development.
The cryptocoin makes use of a hybridized consensus system that helps in creating a balance between users and miners, thus enabling the most powerful altcoin or crypto coin after Bitcoin.
It also takes advantage of a hybrid proof-of-work and proof-of-stake mining system so that a small group cannot take control of the flow of transactions or changes made to it, without the community’s consent.
We list daily Decred historical data for the past 10 days
|Date||Open, $||Min, $||Max, $||Market cap, $|
|Aug 10||27.654||26.571||27.772||277 581 000|
|Aug 11||27.227||26.706||27.908||284 158 427|
|Aug 12||27.737||27.305||27.811||279 553 333|
|Aug 13||27.394||26.107||27.449||268 995 758|
|Aug 14||26.189||25.227||26.375||264 861 176|
|Aug 15||25.924||24.109||25.924||259 735 624|
|Aug 16||25.491||24.352||25.585||260 664 808|
|Aug 17||25.308||25.008||25.975||259 530 449|
|Aug 18||25.220||25.136||25.879||264 281 270|
|Aug 19||25.836||25.836||26.458||270 081 963|
|DCR price change 24 hours||2.42%|
|DCR price change 7 days||-4.15%|
DCR has lasted this long because it puts its sole focus on the community that it created. This was already a winning move because projects can’t exist without the backing of a community. There’s no greater folly then not paying attention to the needs of your customer/followers, so it’s a genius move by the devs over at DCR. Many other projects lack the foresight to implement truly democratic protocols into their blockchains, but DCR has already done this with great success.
Decred has been in the market for so long, but I think this lends them a lot of experience over other new projects in the space. DCR is constantly making genuine updates that benefit the community, not just the price of their coin. Most projects nowadays only cater to pump kids that want their new coin to do a 2x in a span of 24 hours. It’s time we see more projects like DCR that put real innovation of price speculation. Also, DCR is looking very healthy on the 1-week chart, as they’ve been holding steady for a significant amount of time. Some patience will surely pay off if you’re still hanging onto DCR.
Currently, Decred is holding a big voting process for their new governance rules. This is going to affect a lot regarding how we (as users) interact with the Decred blockchain. I really think this will translate in a rise in price as the community votes for issues that are positive price movers. If you're in the Decred community don't forget to vote!
I'm really interested in this project. Can anyone help me understand it better? I understand it's an autonomous digital currency, but what does it actually do? Has anyone here used it to buy anything yet?
Also interested in the project. It seems to me quite original, distinguished so to speak, among others. So far it seems that this is one of those coins that can exactly compete for the first place laurels in the future. Although a number of points alarming me, for example, 10% of deductions to developers. Availability at the start only online wallet, as I understand it. That is, all the coins will be under control, maybe it's good if we are sure of the developer's intentions (righteousness), and maybe even bad, because all power is in one hand. Let's see, while the information is not so much and not everything is disclosed.
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