Decred Information

Decred is a unique cryptocurrency that emphasizes decentralized governance and decision-making, allowing stakeholders to have a say in the project's development and direction. Its innovative hybrid consensus mechanism combines proof-of-work and proof-of-stake, fostering a more secure and robust network. With a focus on community input and sustainable development, Decred aims to create a self-governing digital currency that can adapt and thrive in the ever-evolving crypto landscape.

Decred

$13.17

Title : Decred
Symbol : dcr
Current Price $ : 13.17 $
High 24h : 13.51 $
Low 24h : 12.27 $
Price Change 24h : 0.472334 $
Price Change % 24h : 3.72082 %
Market Cap : 218085104
Website : https://www.decred.org/
Total Volume : 3516979
Market Cap Change 24h : 7928941
Market Cap Change % 24h : 3.77288 %
Circulating Supply : 16578297.07707
Total Supply : 16578926.409586
Max Supply : 21000000
Last Updated : 2025-01-21 23:51
All Time High (ATH) : 247.35
ATH Change % : -94.68997 %
ATH Date : 2021-04-17 00:41
All Time Low (ATL) : 0.43154
ATL Change % : 2943.61731 %
ATL Date : 2016-12-26 00:00

more information

Understanding Decred: A Unique Path in the Crypto World

Decred, known by its symbol DCR, is often recognized in the cryptocurrency realm for its hybrid consensus mechanism and commitment to decentralized governance. With a current price hovering around $12.71, Decred has navigated the tumultuous waters of the cryptocurrency market since its inception. Let's delve deeper into the coin's intriguing features, its historical journey, and what the future might hold for DCR.

A Look Back: Decred’s Historical Journey

Decred was launched in early 2016, positioning itself as a community-driven project intent on correcting some of the perceived flaws in Bitcoin, primarily in governance. In terms of price history, Decred reached its all-time high of $247.35 in April 2021, during the broader crypto market rally. However, like many other cryptocurrencies, it experienced a significant correction and now trades significantly lower, representing a change of -94.86536% from its ATH.

Conversely, Decred's all-time low was $0.43154 in December 2016, showcasing an impressive growth trajectory of over 2800% since that period. These dramatic fluctuations reflect not only Decred's potential but also the volatility inherent in the crypto market.

Decred’s Unique Features and Advantages

One of Decred's standout features is its hybrid consensus mechanism, which combines Proof of Work (PoW) with Proof of Stake (PoS). This approach aims to merge the security advantages of PoW with the governance benefits of PoS, fostering a more democratic decision-making process. This hybrid model encourages miner and voter collaboration, allowing stakeholders to have a say in important upgrades and policy changes.

Additionally, Decred has prioritized secure development funding through its treasury system. A portion of each block reward supports continuous project improvement, independent of external investors or influences. This financial model fortifies its commitment to decentralized governance.

Challenges and Limitations

While Decred’s decentralized decision-making process is touted as an advantage, it can also pose challenges. Achieving consensus can be slow, and sometimes contentious, which might hinder rapid development or timely upgrades—an issue not unique to Decred but prevalent in many decentralized governance systems.

Furthermore, despite its innovative approach, Decred remains a niche project in a rapidly evolving space dominated by Bitcoin and Ethereum. It faces the ongoing challenge of increasing adoption and awareness among users and developers, critical factors for its long-term success.

Future Prospects: What Lies Ahead for Decred?

As we look towards the future, Decred's focus on governance and community-driven development continues to set it apart. The project's adaptability to emerging technologies and regulatory environments will be pivotal. Moreover, increased attention to privacy features, such as its integration of the Lightning Network for enhanced transaction capabilities, could bolster its appeal.

In the longer term, Decred's success might hinge on its ability to form strategic partnerships and its effectiveness in fostering a robust, active community. The crypto's stable financial mechanism offers a strong foundation, but the ever-competitive market demands constant innovation.

Ultimately, Decred represents a bold experiment in blockchain governance—a testament to the diversity and ingenuity within the cryptocurrency landscape. As it continues to evolve, the balance between decentralization, security, and usability will remain central to its ongoing development and potential mainstream embrace.

For more in-depth information, you can explore Decred's official website at https://www.decred.org/.

General Information
from price $13
Title Decred
Symbol dcr
Whitepaper -
Website https://www.decred.org/
Community -
Last Updated 2025-01-21 23:51

Price Data
Current Price $ 13.17 $
High 24h 13.51 $
Low 24h 12.27 $
Price Change 24h 0.472334 $
Price Change % 24h 3.72082 %

Market Data
Market Cap 218085104
Total Volume 3516979
Market Cap Change 24h 7928941
Market Cap Change % 24h 3.77288 %
Return on Investment (ROI) -

Supply and Availability
Circulating Supply 16578297.07707
Total Supply 16578926.409586
Max Supply 21000000

Historical Data
All Time High (ATH) 247.35
ATH Change % -94.68997 %
ATH Date 2021-04-17 00:41
All Time Low (ATL) 0.43154
ATL Change % 2943.61731 %
ATL Date 2016-12-26 00:00