Decred is a cryptocurrency which concentrates on community input, open governance and sustainable funding and development
What is Decred (DCR)?
Decred is a cryptocurrency, just like Bitcoin, with a strong focus on community input, open governance and sustainable financing and development. In short, it is a cryptocurrency and ecosystem which enables and facilitates decentralized voting platforms and DAO’s, utilizing new codes written from scratch. Decred stands for Decentralized CREDit. It employs a hybridized consensus system to build a balance between miners and users for allowing a more robust currency.
Decred (DCR): History
The development of Decred started in April 2014, and it was formally launched in February 2016. The company 0 provided the funds for Decred development, and some of the costs were taken by the developers. Total supply of 21 million coins exists in the ecosystem. 840 thousand DCR is pre-mined while the same amount is kept for Airdrop mode. 95% of the Decred coins are going to be mined by 2034. Decred foundation keeps 10% of the block reward.
How Does Decred (DCR) Work?
Decentralised governance, the core principle of a DAO is the major selling point of Decred. Decred wants to create a balance between PoW miners and PoS stakeholders (the original user of the network) as in PoW method the big miners can always ignore the points raised by the smaller miners.
In Decred, PoS stakeholders can put a certain amount of coins in the lock for 28 days to get voting rights. After the votes, the locked coin will be unlocked, and the participants also get paid to vote, which is an incentive to participate in the community and network. PoS stakeholders can upturn the decisions taken by the PoW miners once they reach 60% majority. It shows that the DCR coin users are in full control of the network.
How to Buy Decred (DCR)?
First, you need to get a Decred wallet to store your coins. Then you have to make a password for the wallet so that nobody could open your wallet without your permission. Then you can buy Ethereum by using Coinbase. Then exchange it for Decred.
Decred (DCR) Price Prediction 2018
DCR can be a profitable investment option. Decred price equal to 72.016 USD at 2018-02-26. If you buy Decred for 100 dollars today, you will get a total of 1.389 DCR. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-02-24 is 207.907 US Dollars. With a 5-year investment, the revenue is expected to be around +188.7%. Your current $100 investment may be up to $288.7 in 2022. Decred (DCR) price today is $71.82 and have the current supply of 6,828,716 DCR. The market cap value is $490,442,470, and the volume is marked as $982,359. Decred price prediction, Decred price forecast, Decred price and news, DCR price forecast, DCR price prediction 2018, What is the price of Decred 2018.