Decred (DCR) is a blockchain project that focuses on decentralized governance, sustainable funding, and self-determination. Launched in 2016, Decred aims to create a resilient and adaptable cryptocurrency ecosystem that prioritizes the input and influence of its community members. Decred's approach to decentralization, governance, and community engagement sets it apart in the cryptocurrency space.
DCR serves as the native cryptocurrency of the Decred network and is used for various purposes within the ecosystem. It's utilized for transactions, securing the network through proof-of-work mining, participating in governance decisions, and staking to earn rewards.
The Total Supply of DCR tokens is 21,000,000 pieces, the current circulation is about 15,446,295 pieces, and the market circulation accounts for 73.55% of the total. The current price of a DCR is $13.11, a decrease of 54% compared to half a year ago. The current total market value of DCR is $202,532,662, and the FDV is about $275,353,127.
Decred's unique governance model involves a hybrid proof-of-work and proof-of-stake consensus mechanism. This allows both miners and stakeholders to contribute to decision-making, ensuring a fair and balanced system that avoids the centralization often associated with traditional proof-of-work networks.
The Decred project was founded by a team of developers including Jake Yocom-Piatt, who serves as the project lead. The team places a strong emphasis on community involvement, with stakeholders having a say in the project's direction, development, and funding.
