Decred (DCR) current price is $18.037.

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Decred (DCR) current price is $18.037 with a marketcap of $171.48 M. Its price is -4.74% down in last 24 hours.

  • decred
    Decred (DCR)
  • Live Price
  • 24h %
  • Market Cap
    $171.48 M
  • Volume
    $1.69 M
  • Available Supply
    9.50 M DCR
  • Rank

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How Decred is Setting New Blockchain Governance Rules

Launched in February 2016, Decred (DCR) is a cryptocurrency for solving blockchain governance. Decred’s design enables users to navigate through different sets of consensus rules. The cryptocurrency came as a call to action for the challenges faced in Bitcoin governance. To give users the precise consensus rules they need, the cryptocurrency uses a hybrid proof-of-stake (PoS)/proof-of-work (PoW) system.

Brief History

The Chicago-based company, 0, oversaw the release of Decred. The cryptocurrency is a joint effort of bitcoin developers that created BTCSuite. BTCSuite is a full-node Bitcoin implementation alternative programmed in the Go language. The program supports projects such as Lightning network, OpenBazaar, BitGo, Factom, and Ethereum.

Decred’s developers include Olaoluwa Osuntokun (lead developer at Lightning Network), Jimmy Song (developer at Bitcoin) and Riccardo Spagni (project lead at Monero). Charlie Lee (creator of Litecoin) is also part of them. Most of these developers contribute to the core of projects like OpenBSD.

Users got version 1.0.0 of Decred on April 25, 2017. Decred developers managed to execute an atomic swap between Litecoin (LTC) and Decred (DCR) in September 2017. As if 2018, Decred prides itself for demonstrating and completing first direct on-chain user-activated hard fork in the world. The hard fork allows users to vote on-chain on a project’s direction and collaboratively make decisions.

Decred’s Mission

Courtesy of its 100 percent proven open-source technology, DCR offers the users unique adaptability. The technology works as a revolutionary approach to blockchain governance. DCR strives to help the community direct projects and reward them for their joint efforts.

Due to active and dedicated development on the cryptocurrency, there’s a greater chance that Decred’s value can increase over time. The cryptocurrency market is increasingly realizing and using the PoS/PoW approach thanks to Decred. Stakeholders are currently earning great returns on investment (more than 2.25 percent every month), which makes Decred a long-term investment opportunity.

Both Proof-of-Stake and Proof-of-Work mechanisms give consensus for confirming new blocks. Charlie Lee refers these mechanisms to as Proof-of-Activity (PoA) is a whitepaper Proof of Activity: Extending Bitcoin’s Proof of Work via Proof of Stake he co-authored. According to him, PoA is a consensus protocol just like PoS and PoW.

In June 2017, the cryptocurrency made history for being the first blockchain project to use the on-chain vote as its protocol. The new protocol allows stakeholders to make changes without requiring a formal agreement. Also known as PoS Miners, the stakeholders can enforce decisions as they wish.

Future Prospects and Accolades

Decred seeks to achieve a number of projects in the near future. One of them is the blockchain-anchored and censorship-resistant public proposal system for enhancing project submissions. The other project is a stakeholder-directed DAO (distributed autonomous organization) aimed at giving users more control over development finances through votes.

The cryptocurrency continues to receive positive media representation in various Western markets. Media outlets that once featured Decred include Softpedia News, Forbes, Finance magnates, and CoinDesk. Others include Chicago Tribune, Brave New Coin and Bitcoin Magazine. DCR is increasingly gaining critical acclaim as a high-quality and reliable community-oriented project.

As DCR solidifies its user-base, it aims to be more flexible enough to outlive most of its peers. The community-oriented project always welcomes new ideas and invites more users. DCR also looks forward to partner with companies and individuals that share its values.


Decred relies on a resilient contractor model that permits new companies, groups, and individuals to give their contributions. The cryptocurrency currently comprises a large member base that works on the project. The members include over 14 developers who write code, debug code and execute roadmap features. They also include over 19 community/marketing assistants that develop various clearly-defined projects.

The community/marketing assistants on Decred work on special projects, platform management, networking, media, and advertising. Over 8 designers work with the cryptocurrency to develop projects in visual communications, identity and user experience/user interface. Thanks to the members’ efforts, the Decred software has more than 160,000 downloads and an active presence on Reddit, Bitcointalk, Slack, Forum, and Twitter.


Unlike other cryptocurrencies, Decred’s secret weapon is good governance. Through it resilient contractor model and sustainable funding, DCR allows anyone to become a member and contribute to its governance. DCR largely believes that the members can build a decentralized future for the cryptocurrency market. Multi-stakeholder inclusivity, free speech and consideration, and incremental privacy and security are among Decred’s core principles.

Pros & Cons

Decred developers created the first functioning cryptocurrency atomic swap between Decred (DCR) and Litecoin (LTC) on September 19, 2017Decred’s current governance model relies on users staking their coins (by purchasing tickets) in order to get a vote.
Decred shares many of Bitcoin's positive qualities: fixed monetary supply, disinflationary issuance of the coin over time through mining, BIP39 wallets, etc.That model could slowly be evolving into an oligarchy.
A huge part of Decred is solving development funding without doing legally questionable ICOs. Part of that is solved with 10% of the block reward going to a development fund.

BCrypto Investment Tip

Decred is a decentralized cryptocurrency similar to Bitcoin with the main difference that the users of Decred have the power to control how the coin is being developed. Staking DCR coins gives you the power to vote for the future development of Decred, that's how its users are able to participate in the future development of the coin. But apart from that it doesn't bring much more "new" features into the cryptocurrency space. Although I still believe this project might grow into the three digit numbers, I don't think it will be worth any more than that.

Performance 7/10Use Case 8/10Adoption 4/10Decantralization 8/10

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