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Decred

Decred (DCR)

$ 16.59
-3.97 %
Main info
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Comments
Markets
Analytics
Market cap
$292.43M
-3.97 %
Volume (24h)
$1.57M
-3.97 %
Circulating supply
17,205,458 DCR
Total supply
17,205,458 DCR
Max. supply
21,000,000 DCR

About Decred

Decred is a community-directed digital currency designed to be a superior store of value for generations to come. Decred uses a hybrid Proof-of-Work (PoW) and Proof-of-Stake (PoS) consensus mechanism designed to keep PoW miners’ power in in check and ensure no group can make consensus rule changes without the consent of the community. Development is self-funded, with 10% of the block reward going to the project Decred Treasury and the remaining split between PoW miners (60%) and stakeholders (30%). Decred’s on-chain governance is supplemented by Politeia, a Reddit-style web-based platform where stakeholders vote on proposed changes to Decred’s governance and proposals to spend treasury funds.

Key data

updated $0
Market cap$292.43M
Volume 24h$1.57M
Circulating supply17.21M82% of max 21M
All-time high$247.35-93% from peak · 2021-04-16

Decred (DCR) is a decentralized cryptocurrency that combines two consensus mechanisms at once — Proof of Work and Proof of Stake — to make the network more secure and give coin holders a real say in its development. The project launched in 2016 with a focus on self-governance: stakeholders vote on changes directly through the blockchain, so the community, not a small group of developers, decides where the project heads.

Frequently asked questions

What is Decred and how is it different from Bitcoin?

Decred (DCR) is a mineable cryptocurrency built on Bitcoin's core ideas but with a hybrid PoW/PoS consensus system. The key difference is governance: DCR holders can stake their coins and vote on protocol changes, so upgrades happen through an on-chain voting process rather than community disputes or hard fork drama.

How does Decred's hybrid consensus mechanism work?

Miners (PoW) validate transactions and build blocks, while stakeholders (PoS) buy tickets that let them verify and approve those blocks. This dual system means an attacker would need to overpower both the mining power and the staked coins, making the network considerably harder to compromise than a pure PoW chain.

How many Decred coins will there ever be?

Decred has a hard cap of 21 million coins, the same maximum supply as Bitcoin. New coins are issued with each block, and the block reward is split between miners, ticket holders, and the project treasury that funds ongoing development.

How can you store and use DCR?

The official Decred wallet, Decrediton, is available on desktop and supports staking tickets so you can participate in governance. There are also mobile wallets and hardware wallet options; you can find current software and guides on the official site, decred.org. Beyond holding, DCR can be used for payments, staking, and voting on network proposals.