Cryptocurrency profile · DCR
Decred
$14.44 USD
- Market cap rank
- 157
- Market cap
- 258,353,104
- Circulating supply
- 17,650,624
- 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
Local market
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