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      Decred

      Decred

      Total Supply
      10701753
      Circulating Supply
      10701753
      Max Supply
      21000000

      Decred(DCR) price, charts, marketcap

      1 DCR = 17.370054 USDT -6.39%

      About Decred

      Decred is an open-source, blockchain-based cryptocurrency. It utilizes the proof of activity concept, which is a combination of proof of work and proof of stake consensus protocols. Proof of work favores those that own and maintain expensive mining equipment, leaving smaller network participants at a disadvantage, and proof of stake encourages virtual coin hoarding, limiting cryptocurrency usage. Proof of activity (PoA) is a hybrid of these two, offering the best of both worlds. Decred also features smart contracts, cross-chain atomic swaps between various cryptocurrencies and cross-platform wallets for Windows, macOS and Linux. Cross-chain atomic swaps enable network participants to engage in over-the-counter trading, disabling the involvement of any authority or third party.

      Read more about Decred

      Read less about Decred

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      Total Supply
      10701753
      Circulating Supply
      10701753
      Max Supply
      21000000
      Total Marketcap
      186258175
      Volume
      586.13
      Open
      18.51
      High
      18.49
      Close
      17.37
      Low
      15.22

      Charts

      Decred

      Exchange

      Period

      all 1y 6m 3m 1m 7d 1d

      Index

      Chart Type

      CoinExchangeData Loader

      History of Decred(DCR)

      Decred like all other cryptocurrencies is based on the model of the first actual cryptocurrency, Bitcoin. However, before Bitcoin’s and Decred’s time , cryptocurrencies were much more different, relying instead on a centralized power structure rather than the decentralized governance we see today. If it weren’t for the works of cryptographers such as David Chaum, Wei Dai, Nick Szabo and Hal Finney, who established some of the ground concepts for modern cryptocurrencies, Bitcoin, Ethereum and Decred would not exist today. However, the most important reason why Decred was made possible is thanks to a person or a group of people under the alias Satoshi Nakamoto. He took the concepts that cryptographers before him established and managed to create an actual peer-to-peer electronic money system that couldn’t be counterfeited. If Satoshi Nakamoto didn’t create Bitcoin, it is hard to say if Decred or most cryptocurrencies would exist today.

      Decred is a cryptocurrency with the symbol DCR and it’s price ticker on our website is 17.37. Its current price is 17.37 and the total change over the past 24 hours is -1.18. Decred boasts a volume of 586.13 in the past 24 across your selected exchanges.

      Decred Characteristics

      Cryptocurrencies like Decred use strong cryptographic protocols, or very complex computer code to secure transfers of information, in order to create a safe system that is notoriously difficult to crack. The programmer of digital currencies such as Decred base these protocols on complex mathematic and computer engineering fundamentals, creating a structure that makes it impossible to replicate funds for Decred and also hides the identities of the parties involved on any transaction on Decred network , unless the participants freely disclose their information.

      Decred Operates on a Blockchain

      Decred, like most cryptocurrencies operates on a blockchain, a new and disruptive technology that offers benefits for storing, securing and transferring information that was not otherwise possible before its inception. The idea of blockchain was first discovered in 1991 by Stuart Haber and W. Scott Stornetta, however it was not until an anonymous person or group under the alias of Satoshi Nakamoto that created the first functional blockchain (Bitcoin’s blockchain) and improved on the ideas of Haber and Scornetta to create a truly functional distributed ledger.

      You can imagine the blockchain that Decred is based on as a giant, distributed database where every transaction’s information is recorded and then spread on a massive network of connected nodes or computers. The information for transaction of Decred is then multiplied and stored on each individual node, so in order to change it you would have to access he majority of the Decred’s nodes at the same time, which has so far proven to be impossible.

      The advantages that Decred runs on a blockchain are that it is very cost effective to run, compared to other centralized resources, due to the cost of operating being split amongst all the network participants.

      No one can alter the defining characteristics that govern Decred base, unless certain conditions are met and changes are implemented by the developer team or a network wide consensus is reached for the changes to be applied.

      One disadvantage of operating on a blockchain is that generally, transactions with Decred are final, meaning that is very unlikely that a transaction can be rolled back if a mistake occurs. Be careful when transacting cryptocurrencies such as Decred and make sure you double check all the details of the transaction before submitting it.

      Decred also boasts a higher degree of safety, as the mechanisms of the blockchain are incredibly hard to crack

      Decred Advantages

      Decentralized Point of Control

      Decred (DCR) is defined by a decentralized governance system, which does not rely on a single point of control to manage transactions on the network in the same way a bank would. Because of this Decred’s network features a distinct advantage that makes it very difficult to counterfeit or imitate. Another advantage of being decentralized is that any attacks on Decred’s network will have to be in multiple places at the same, whereas a bank or any centralized system will have an host of servers in one place.

      Cost Efficient

      Generally speaking, auditing records is a time consuming and expensive process, whereas for Decred which stores all its records on the blockchain, this can be done with minimal effort and in a much shorter time.

      Establishing a Digital Identity

      You can create your own identity on the Decred blockchain, which can be though of as an account of sorts. Whenever you open an “account” on the Decred blockchain, you will be given a private key, which lets you interact with the blockchain, and a public key, which let others identify and interact with you.

      Immutable

      Since all information that is transmitted on the Decred blockchain is stored and secured on a wide network of computers or nodes, you can always be sure that the information presented is valid and has not been tampered with.

      Decred Supply Details

      Decred is distinguished from traditional fiat currencies due to way the supply works for most cryptocurrencies. It cannot be printed like governments do with fiat, due to the maximum supply being 21000000 and this dictated by the base code that the Decred network runs on. No more than 21000000 will ever exist unless major changes to the code are applied. Another interesting fact about Decred’s supply is there can be two other types of supply aside from the maximum supply. One is the total supply which indicates the amount of coins there are currently in existence. For Decred the total supply is 10701753. This is the sum of all Decred units that have been mined or created since the network’s creation. . The other one is the circulating supply which for Decred is 10701753. This can be different that the total supply due factors such as funds being locked in escrow, coins being locked in masternodes.

      How to Store Decred

      There are a few way to store your Decreds , and they all involve a certain types of both physical and electronic wallets. Regardless of what kind of wallet you will use, in order to access your Decred funds you will need to have a private key and a public key. With the private key, you can access your funds and send them to whoever you like, just as long as it is an address that Decred is compatible with. Never ever disclose your Decred private key or also called private address, as this will give anyone who has it full control over your wallet. The other type of key is the public key or address, which is used for other people to send Decred to your wallet, and this one can be freely disclosed but it can be used to identify you if a name is ever associated with your public address.

      Decred Paper Wallet

      The only physical and non-electronic way to store your Decred is through a paper wallet, and this is possibly the safest way to protect your Decreds. Simply write the private and public keys of your Decred wallet on a sheet of paper, however you will need access to an electronic device should you choose to send or move your Decred funds to another address. The risk here is losing or damaging the sheet of paper with your Decred public key.

      Decred Hardware Wallet

      You can store Decred on a device like a Trezor or USB drive. You are able to make online transactions by plugging them into any any net enabled device to send Decred to another address. Usually the hardware device that you store your Decred on is offline which is a great security advantage. Please conduct proper research before purchasing any hardware wallet to store Decred funds on as many are outdated or of poor quality.

      Decred Desktop Wallet

      Desktop wallets are a convenient and easy way to store your Decred coins. Find a reliable wallet software that support Decred install it on your PC and that’s pretty much it. It can be dangerous if any virus infects your PC or if any physical damage comes to it, which can result in the loss of all your Decred funds.

      Decred Online Wallet

      For online wallets, they operate in the cloud and your private and public keys for your Decred funds are stored in the cloud as well. Very handy if you plan to access it from multiple devices but they also put your Decred at great risk due to security breaches in the cloud storage which is not that unheard of.

      Decred Mobile Wallet

      The most easy-to-use method of storing Decred is on a mobile wallet. It is a simple smartphone application where you set up an account and you can use it to send Decred by scanning a QR code or even use it to pay in any shops that accept Decred. However, your Decred funds can be lost if your phone is damaged or if its security is breached.

      Decred Summary

      Decred’s network can be defined as a payment system, with accounts, transactions and balances. You can store Decred on one of the wallet types mentioned above and it will act as your own personal bank account that you are responsible of maintaining and keeping your private keys secure. Decred as a cryptocurrency allows you to make secure transactions and you can always check the transaction details by checking the Decred public ledger, if applicable. This revolutionary method of being your own bank assured that Decred and other cryptocurrencies will play a vital role in the way we conduct transactions and how we define currencies in the future.

      What you can do with Decred on CoinExchangeData.

      You can add Decred to your watchlist on our platform, in order to keep better track of its price movements. Another handy way to always be up-to-date with any prices changes is to add alerts for Decred and you can do so by set up your personalized alerts by creating an account and going to the alerts tab. Charts and price metrics for Decred are readily available and we guarantee that the information supplied by CoinExchangeData is as accurate as possible. All the volume and price information regarding Decred reflects the same information you can find on exchanges, so it is very easy to find the best exchange to purchase or sell Decred on. Our converter lets you find accurate conversion quotes for Decred against other cryptocurrencies and most traditional fiat currencies. You can use it to see if exchanging Decred for another digital currency can be a more profitable investment or just to check the value of your portfolio.

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