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Cryptocurrency profile · DCR

Decred

Decred

$14.63 USD · 14.63 USD

Blockchain Capital PortfolioLayer 1 (L1)Made in USAPrivacyPrivacy CoinsProof of Stake (PoS)Proof of Work (PoW)Smart Contract Platform
Market cap rank
151
Market cap
250,196,421
Circulating supply
17,587,034
Max supply
21,000,000

About Decred

Decred is a digital currency designed to be a community-directed store of value, with a focus on security, adaptability, and sustainability. It aims to achieve this by creating a decentralized autonomous organization (DAO) that governs the project. The currency operates on a hybrid consensus model, combining proof-of-work (PoW) and proof-of-stake (PoS) mechanisms, and uses the Blake-256 hashing algorithm. It is categorized as a smart contract platform and a layer 1 blockchain, with privacy features.

  • Decred is described as the world's first truly decentralized autonomous organization.
  • It uses a hybrid consensus mechanism that combines proof-of-work and proof-of-stake.
  • The project is based in the USA.
  • It is categorized under both privacy coins and privacy, indicating a focus on privacy features.
Launch date
Feb. 8, 2016
Consensus
hybrid (proof-of-work and proof-of-stake)
Token standard
native
Algorithm
Blake-256

Website · Explorer · GitHub

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Mid-market rate 1 DCR = 14.63 USD via coingecko · 5m 4s ago Offers updated 4m 41s ago

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