Decred (DCR)
$28.16 (0.62%)
≈0.0035 BTC (-0.04%)
Market Cap≈$273,507,801
Vol. 24H$2,387,940
Low/High 24H$27.67/$28.79
Circulating Supply9,711,664 DCR
Total Supply21,000,000 DCR
 Bitcoin Charts
 Bitcoin (BTC) Markets
3 DragonExDragonEx
4 BinanceBinance
5 HuobiHuobi
6 BittrexBittrex
7 UpbitUpbit
8 HuobiHuobi
9 CoinwCoinw
10 PoloniexPoloniex
11 Gate-ioGate-io
12 UpbitUpbit
13 BinanceBinance
15 HuobiHuobi
16 BittrexBittrex
17 UpbitUpbit
18 Gate-ioGate-io
20 LivecoinLivecoin
24 Huobi.KRHuobi.KR
25 BleutradeBleutrade
26 Huobi.KRHuobi.KR
28 BleutradeBleutrade
29 BleutradeBleutrade
30 Huobi.KRHuobi.KR
1 OKEXOKEX DCR/USDT $28.07$19,491 0.82%48 Mins Ago
2 FEXFEX DCR /BTC$28.21$1,189,694 49.74%Recently
3 DragonExDragonEx DCR /USDT$27.93$321,459 13.40%Recently
4 BinanceBinance DCR /BTC$28.29$251,331 10.50%Recently
5 HuobiHuobi DCR /USDT$28.12$98,769 4.15%Recently
6 BittrexBittrex DCR/BTC $28.15$88,588 3.75%Recently
7 UpbitUpbit DCR /BTC$28.02$88,188 3.74%12 Mins Ago
8 HuobiHuobi DCR /BTC$28.16$85,535 3.59%Recently
9 CoinwCoinw DCR /CNYT$28.33$72,311 3.04%Recently
10 PoloniexPoloniex DCR/BTC $27.97$67,217 2.82%3 Mins Ago
11 Gate-ioGate-io DCR /USDT$28.41$25,826 1.08%43 Mins Ago
12 UpbitUpbit DCR /KRW$29.17$24,756 1.04%40 Mins Ago
13 BinanceBinance DCR /BNB$28.38$22,438 0.94%19 Mins Ago
14 OKEXOKEX DCR /BTC$28.12$14,152 0.59%13 Mins Ago
15 HuobiHuobi DCR /ETH$28.19$8,296 0.35%Recently
16 BittrexBittrex DCR /USDT$27.4$3,737 0.16%1 Hours Ago
17 UpbitUpbit DCR /USDT$27.4$3,737 0.16%2 Hours Ago
18 Gate-ioGate-io DCR /BTC$28.37$2,610 0.11%2 Hours Ago
19 OKEXOKEX DCR /OKB$27.57$244 0.01%8 Hours Ago
20 LivecoinLivecoin DCR /BTC$32.46$220 0.01%18 Mins Ago
21 HitBTCHitBTC DCR /BTC$27.56$30 0.00%3 Hours Ago
22 HitBTCHitBTC DCR /USDT$26.97$26 0.00%5 Hours Ago
23 OKEXOKEX DCR /ETH$28.54$16 0.00%4 Hours Ago
24 Huobi.KRHuobi.KR DCR /BTC$28.16$6 0.00%2 Mins Ago
25 BleutradeBleutrade DCR/BTC $27.86$4 0.00%16 Hours Ago
26 Huobi.KRHuobi.KR DCR /ETH?$? 0.00%21 Hours Ago
27 HitBTCHitBTC DCR /ETH?$? 0.00%5 Hours Ago
28 BleutradeBleutrade DCR/DOGE ?$? 0.00%1 Days Ago
29 BleutradeBleutrade DCR /ETH?$? 0.00%1 Days Ago
30 Huobi.KRHuobi.KR DCR /USDT?$? 0.00%21 Hours Ago
* Price Excluded
** Volume Excluded - No Trading Fees
*** Price/Volume Excluded - Outlier Detected
 Analysis for Decred (DCR)
DCR Volume by Currency
DCR - USD Volume by Exchange

Decred is an open, progressive, and self-funding cryptocurrency with a system of community-based governance integrated into its blockchain. At its core is a hybridized proof-of-work proof-of-stake (PoW/PoS) consensus system that aims to strike a balance between PoW miners and PoS voters to create a more robust notion of consensus. The project is a result of the theoretical proposals brought by proof-of-activity (PoA) and MC2 in 2013. Decred development started in April, 2014 with a single developer and expanded to include developers from btcsuite shortly thereafter.

Decred is built in the spirit of open participation and we have provided below a full disclosure of the technical features of the system, wallets and mining, initial funding and distribution, project governance and development, and a group contribution timeline.

Decred opted for a different funding model in an attempt to shift the risk carried by supporters to the developers of the project. Instead of asking interested parties to fund the development of the software, the developers decided to pool funds together and carry the project to completion before making it public. The consensus was that this is an ethical path given the realities of funding software development, due to the fact that the developers alone carry the risk of the project failing, whereas in the past potential users were expected to pay for coins before any code was written. We felt this was unjust.

The development of Decred was funded by Company 0 and from the pockets of its developers individually. The cost of developing the project, in terms of developer pay, totals to approximately USD 250,000, which Company 0 paid to developers. An additional amount of approximately USD 165,000 has been allocated for unpaid work and individual purchases by developers. We felt that the most equitable way to handle compensation for these expenses was to perform a small premine as part of the project launch. The model is unusual in that no developer received any amount of coins for free - all coins owned by developers will either be purchased at a rate of USD 0.49 per coin from their own pockets or exchanged for work performed at the same rate.

The premine consists of 8% of the total supply of 21 million coins, meaning the premine consists of 1.68 million coins. Rather than allocating the entire premine to the bring-up costs, we decided to split the premine equally between compensation for bring-up and an "airdrop", where we freely give an equal amount of coins to a number of airdrop participants. This means Company 0 and its developers will have put roughly USD 415,000 into the bring-up since April, 2014 and receive 4% of the total supply, 840,000 coins (at USD 0.49 per coin). The remaining 4% will be spread evenly across a list of airdrop participants as part of an effort to build the Decred network and decentralize its distribution.  Coins held by Company 0 will be used to fund its ongoing work on open-source projects, such as Decred and btcsuite.

Giving away these coins in an airdrop allows us to accomplish several things at once for the project: enlarge the Decred network, further help decentralize the distribution of coins, and allow us to get coins into the hands of people who are interested in participating in the project. Decred is fundamentally about technological progress, so the airdrop will target individuals that have made contributions to advance technology in its various forms. The maximum number of airdrop participants is capped at 5,000 individuals, so we recommend registering sooner rather than later. These coins will be given away unconditionally and there is zero expectation of Decred receiving anything from you in return for these coins.

Sign up for the airdrop is currently open, but the airdrop registration will commence on January 4th, 2016. People who have been selected to participate in the airdrop will receive an email that contains a link to a web registration form. This form will require airdrop participants to enter an address to which their coins can be sent. Binaries and source code will be made available so that you can generate a wallet seed and an address for your airdrop coins. Once you have entered your receiving address into the airdrop webform and submitted it, you will receive your coins on the projected launch date.

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