Decred (DCR) is a blockchain-based platform with a primary focus on community input and open governance. The platform welcomes everyone to participate, join project groups and contribute to development. As per the whitepaper, the platform operates with the hybrid Proof-of-Work (PoW) and Proof-of-Stake (PoS) mining process. The hybrid model ensures that a small group does not overpower the flow of transactions or modify Decred without the community's inputs. The protocol aims to facilitate sustainable funding for the development of the cryptocurrency.

Further, DCR is the native utility token of the Decred platform. Decred holders can stake DCR to obtain voting tickets to vote on on-chain decisions. Also, 30% of the block reward goes to holders of the tickets who vote in one particular block. DCR token holders get an opportunity to choose a project by randomly sealing their coins in exchange for tickets in order to gain staking rewards. Listed below are some of the ways a user can acquire Decred (DCR):

Jake Yocom-Piatt is the founder of the Decred platform. The platform went live on February 8, 2016.

We update our Decred to USD currency in real-time. Get the live price of Decred on Coinbase.

The current market cap of Decred is $375.011M. A high market cap implies that the asset is highly valued by the market.

The all-time high of Decred is $250.02. This all-time high is highest price paid for Decred since it was launched.

Over the last 24 hours, the trading volume of Decred is $4.639M.

Assets that have a similar market cap to Decred include Story, Optimism, Pudgy Penguins, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Decred is 17 million.