Decred Price

(DCR)
USD($)
Decred (DCR) Live Price Chart

Decred Live Price Data

The live price of Decred is $20.73, with a total trading volume of $ 4,820 in the last 24 hours. The price of Decred changed by +1.41% in the past day, and its USD value has decreased by -3.21% over the last week. With a circulating supply of 16,088,128 DCR, the market cap of Decred is currently 333.83M USD, marking a --% increase today. Decred currently ranks #158 in market cap.
How do you feel about Decred today?
Note: This data is for reference only.
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Decred(DCR) Profile

altRank158
rateBB
Expand
Documentation
Contract
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Audited By
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Code & Community
Investors
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$20.04
$20.73
$250.01
+0.48%
+1.41%
-3.21%
$333.83M 
$247,891 
16,088,128
21,000,000

About DCR

How can I buy Decred (DCR)?

Buying DCR on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy Decred (DCR) for more information.

What Is Decred (DCR) Crypto?

Decred enables open governance, promotes interaction with the community, and ensures sustainable fiscal policy. Many of the fundamental principles of Bitcoin, the first and most well-known cryptocurrency, are embedded in its DNA. Like Bitcoin, Decred also aims to make financial transactions decentralized and secure.

The unique feature of Decred is its strict inclusion of the community in the governance of the network. Decisions about transactions and changes to the protocol must be approved by the community, making it impossible for large owners of Decred coins to manipulate the protocol at will. This focus on decentralized control and management sets Decred apart from many other cryptocurrencies.

Decred's structure emphasizes the equality of its users and long-term sustainability. This structure is an essential part of the philosophy behind Decred and a significant difference from other cryptocurrency projects often controlled by a central development team. Decred places great importance on achieving genuine and tangible decentralization and giving every user a voice.

Decred is, therefore, more than just a cryptocurrency. It is a platform that aims to democratize and decentralize the financial system. It is an attempt to put power back into the hands of users and increase transparency and accountability in the world of cryptocurrencies.

How Does Decred Work?

Decred uses a hybrid consensus mechanism that combines elements from the two most well-known consensus models, Proof of Work (PoW) and Proof of Stake (PoS). PoW is used to mine new blocks in the blockchain. However, miners only receive 60% of the rewards after successful mining.

Decred uses the PoS consensus in the voting organization. It allows users to participate in the so-called ticket holder voting system. Voters who apply the PoS system receive 30% of the block rewards. This hybrid consensus mechanism ensures security and stability in the Decred network and that users can participate in and influence the network.

Another essential aspect of Decred is the ticket holder voting system. It allows those who own enough DCR to vote on the network’s future and operation. Decred has also developed a unique voting platform called Politeia, which enables users to participate in votes, submit proposals, and start discussions.

The remaining 10% of the block rewards are stored in the Decred Treasury. Decred regularly conducts Politeia discussions and votes on how the funds from the Decred Treasury should be spent. This model ensures that the development of Decred is controlled by the community and not just by a central authority.

History of Decred and DCR Coin

The driving force behind the creation of Decred is Company 0. Its mission is to harness the potential of blockchain technology to create better data security and organizational freedom for projects. The founder and CEO of Company 0 and project leader of the Decred project is Jake Yocom-Piatt.

Jake Yocom-Piatt has been involved with cryptocurrencies and blockchain technology for over a decade. His code has been used in several Bitcoin-related projects, including creating the Lightning Network Daemon, an off-chain solution for Bitcoin that aims to improve the network's scalability.

Another significant contribution to the development of Decred comes from Marco Peereboom, the technical director of Company 0. He oversees several teams in the Decred project, including development, security, and infrastructure. His career includes positions at companies like Dell, where he served as a Senior Architect.

Decred's beginnings also include an airdrop, which served to reward interested parties with free Decred tokens (DCR). Of the original 21 million tokens, 8% were mined before the protocol’s launch, with half of these tokens used for the airdrop and the other half used to cover the costs incurred during the development of the protocol.

Decred (DCR) Price Movements ($)
PeriodChangeChange (%)
Today$0.281.42%
7 Days$-0.91-4.23%
30 Days$0.261.33%
3 Months$-6.44-23.82%
24H Investment Barometer
24H
Buy
The Investment Barometer represents the current sentiment of the majority of KuCoin users. It is based on multiple indicators, and can be used as an aspect to take into consideration when planning investments.
Risk warning:Please note that the Investment Barometer is provided for informational purposes only and is not an investment advice. Investing carries risk. Please make investment decisions cautiously and based on your own judgement.
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Decred Conversion Rate
  • 1 DCR to USD$20.73
  • 1 DCR to EUR€19.13
  • 1 DCR to AUD$31.19
  • 1 DCR to KRW₩28,339.13
  • 1 DCR to JPY¥3,258.63
  • 1 DCR to GBP£16.25
  • 1 DCR to INR₨1,728.38
  • 1 DCR to IDRRp335,484.16
  • 1 DCR to CAD$28.33
  • 1 DCR to RUB₽1,841.72

FAQ

How much is 1 Decred (DCR) worth?
KuCoin provides real-time USD price updates for Decred (DCR). Decred price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time DCR to USD exchange rates.
Is Decred (DCR) a Good Investment?

Decred stands out from other cryptocurrencies due to its unique governance structure and hybrid consensus mechanism. These factors create an environment where users can actively shape and influence the network, leading to greater engagement and participation.

The constant pursuit of decentralization and democratization makes Decred an attractive project for investors interested in a participatory form of cryptocurrency. In a market dominated by centrally controlled cryptocurrencies, Decred offers an alternative that focuses on community, openness, and participation.

Moreover, Decred has proven its ability to achieve its goals and promises. Since its launch in 2016, Decred has reached several important milestones, including implementing the Lightning Network, launching the Decred DEX, and continuously improving its platform and services.

Finally, Decred has a solid financial foundation by collecting block rewards in the Decred Treasury. These funds finance development, marketing, and other initiatives that benefit the growth and expansion of the project.

What Is Decred Crypto Price Prediction?

Several factors can influence the price of Decred (DCR) positively. One of the most important is the active and engaged community of Decred. As the project encourages community participation in its governance structure, stronger community engagement could increase demand for DCR, increasing the Decred price.

Decred's hybrid PoW/PoS consensus structure could also positively impact the price of DCR. Since a portion of the block reward is reserved for PoS voters, there is an incentive for users to buy and hold DCR to participate in voting, which could increase demand.

The continued development and implementation of new technologies and features in Decred could also contribute to boosting the price of DCR. It could include introducing new products or services, improvements to the existing platform, or partnerships with other organizations or projects.

Finally, the financial stability and sustainability of Decred, ensured by the project's treasury, could strengthen investor confidence in the project, thereby increasing the price of DCR.

What Is DCR Token Used For?

DCR is the native token of the Decred platform and serves the following purposes:

Decred’s Governance Token

Decred implements a hybrid consensus mechanism that combines Proof-of-Work (PoW) and Proof-of-Stake (PoS). DCR token holders can participate in the network’s decision-making process by staking their tokens and voting on important proposals and policy changes. This decentralized governance model ensures stakeholders have a say in the project's development and direction.

Power Decred’s Block Rewards and Treasury

Decred uses a self-funding model to sustain its development and operations. A portion of the block rewards generated through mining is allocated to the project's treasury. Decred stakeholders manage the treasury funds and can vote on proposals to allocate these funds for development, marketing, community initiatives, and other activities that benefit the ecosystem.

Stake DCR to Improve Decred’s Security

DCR token holders can stake their tokens to participate in the PoS consensus mechanism. By staking DCR, users contribute to the security and stability of the network and earn rewards in the form of additional DCR tokens. The staking process helps secure the Decred blockchain and ensures the validity of transactions.

Perform Atomic Swaps on Decred

Decred is compatible with atomic swaps, allowing users to conduct peer-to-peer cryptocurrency trades directly without intermediaries or centralized exchanges. DCR tokens can be exchanged with other supported cryptocurrencies trustless and decentralized, giving users greater control over their assets.

Medium of Exchange and Store of Value

Like Bitcoin, Decred can function as a medium of exchange and a store of value. DCR tokens can be used for transactions, online purchases, and payment within the Decred ecosystem.

Trade or HODL Decred Crypto

Trade Decred token on the KuCoin Spot Market against other cryptocurrencies to make the most of changing market conditions and volatility. Buy or sell DCR or hold it long-term if you believe in the future potential of the Decred project. Ensure you do your own research (DYOR) before placing any new trade in the crypto market.

How to Stake DCR on Decred

You can stake/vote with your DCR tokens on Decred. While Decred recommends solo PoS voting for advanced users, you can delegate your DCR tokens to voting service providers (VSPs) in the following manner:

1. Configure and fund your Decrediton wallet by buying DCR on KuCoin or other supported platforms and withdrawing your tokens to your wallet.

2. Visit the Staking menu or Purchase tab within the Decrediton interface.

3. Use your DCR tokens to purchase tickets with a VSP within Decrediton. It lets you delegate your tokens to a VSP of your choice.

4. Sit back, earn rewards, and grow your holdings by staking DCR this way.

What Is Decred Tokenomics?

Decred (DCR) has a fixed total supply of 21 million tokens. This amount was determined by the original mining and airdrop of Decred. About 60% of these tokens are currently in circulation.

The block reward of Decred is distributed uniquely. 60% goes to the miners who perform Proof of Work to create new blocks. 30% goes to the stakers who perform Proof of Stake by purchasing tickets and participating in voting. The remaining 10% goes into the Decred Treasury to finance the future development and expansion of the project.

Decred also has a built-in inflation mechanism. With each new block created, the number of newly created DCR decreases by a small percentage. It leads to a slowly decreasing inflation rate, which eventually approaches near zero when all 21 million DCR have been created.

Together, these mechanisms provide a balanced and sustainable financial structure that promotes both the growth of Decred and user participation in the network.

What is the all-time high price of Decred (DCR)?
The all-time high price of Decred (DCR) is $250.01. The current price of DCR is down 0.92% from its all-time high.
What is the all-time low price of Decred (DCR)?
The all-time low price of Decred (DCR) is $0.39. The current price of DCR is up 51.58% from its all-time low.
How much Decred (DCR) is there in circulation?
As of 5 29, 2024, there is currently 16,088,128 DCR in circulation. DCR has a maximum supply of 21,000,000.
What is the market cap of Decred (DCR)?
The current market cap of DCR is $333.83M. It is calculated by multiplying the current supply of DCR by its real-time market price of $333.83M.
How do I store Decred (DCR)?
You can securely store your Decred in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your DCR include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
How do I convert Tron (TRX) to cash?
You can instantly exchange your Tron (TRX) for cash using KuCoin's Fast Trade feature. This feature enables you to convert TRX to your local fiat currency in just a few clicks. However, make sure to complete Identity Verification first to enjoy all the features you may need.
Fear & Greed Index
Note: Data is for reference only.
Greed68
DCR
Estimated
-- USD
DCR/USDT1
$20.73+1.41%