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What is Decred (DCR)?

May 10, 2018 By admin_coin

What is Decred Crypto Currency?
What is Decred Crypto Currency?
A brief description of Decred.
Decred is a cryptocurrency, similar to Bitcoin, with a strong focus on community input, open governance and sustainable funding and development. It utilizes a hybrid “proof-of-work” and “proof-of-stake” mining system to ensure that a small group cannot dominate the flow of transactions or make changes to Decred without the input of the community. A unit of currency is called a ‘decred’ (DCR). To ensure the integrity of the currency and prevent people from making fraudulent transactions or creating their own coins, Decred uses a method of recording transactions known as a blockchain.

Decred Video

The purpose of Decred 

Integrated decentralized governance, Trustless transactions between parties, Freedom of payments, Counterfeiting impossible, Fraud resistant, No single point of failure, No % based transfer costs, free to hold

Decred Abstract

Distributed, token-incentivized timestamping systems ledgers such as Bitcoin have become a mainstay of modern
finance. We have implemented a platform combining elements of proof-of-work (PoW) and proof-of-stake (PoS)
blockchains in an attempt to garner the benefits of both systems. Less major change to our consensus network
include additional elliptic curve signature suites, refinement and modification of the existing scripting language,
added extensibility in multiple areas to support future changes to the protocol, and distributed stake pooling

More information can be found in the Decred whitepaper https://docs.decred.org/

Other Decred facts

  • Trading symbol: DCR
  • Governance: Semi-centralized
  • Open source: Yes
  • Product status: Fully working product
  • Consensus method: Proof of Work & Proof of Stake
  • Emmission rate: No new tokens created
  • Transactions per second:  n/a
  • Total Supply: 21,000,000
  • Release date: 2017-04-25

Usefull Decred links

  • Decred’s Website
  • Decred pricing data & fundamental Decred information
  • Decred’s Website
  • Decred official blog
  • Decred’s Bitcointalk Forum
  • Decred’s Reddit Forum
  • Decred’s block explorer
  • Decred’s Alexa site stats
  • Decred’s official forum: Unfortunately we don’t have this data available.
  • Decred’s Github code repository:
    https://github.com/decred/dcrd
  • Decred’s roadmap:
    https://blog.decred.org/2017/01/09/2017-Decred-Roadmap/
  • Decred’s team page: https://docs.decred.org/support-directory/?#development-support
  • Decred’s whitepaper: https://docs.decred.org/

Filed Under: Decred Tagged With: Altcoin, Crypto, Currency, DCR, What is?

Other questions related to this cryptocurrency:

  • Is Decred (DCR) Centralized, Decentralized or Semi-Centralized?
  • What is the Consensus method of Decred (DCR)?
  • All available information on the Decred (DCR) ICO
  • How can I contact the Decred (cryptocurrency) team?
  • Who is leading Decred (DCR) crypto?
  • Where to find Historical trading info and past performance on Decred (crypto)?
  • Where can I find fundamental analysis of Decred (DCR)?
  • How to buy Decred (DCR) cryptocurrency?
  • What is Decred (DCR)?

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