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Decred

Layer-1 · DAO
DCR#114Mcap $310.79M
$18.3924hLast close

Performance

Cycle lowCycle rangeAll-time high
$8.92$246.24
All-time high$246.24−94.9% · Apr 17, 2021
Cycle low$8.92+40.7% · Aug 5, 2024
Volatility (30D)47.1%
Volatility (1Y)111.9%
Sharpe ratio (1Y)-0.23
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Converter

At the live price.

Metrics

Market
Market cap$310.79M
Fully diluted value$221.78M
Volume (24h)$960.2K
Circulating supply17.68M DCR
Max supply21.00M DCR
Mcap / FDV140.1%
Dominance0.009%
Turnover (24h)0.12%
Rank#114
Sector rank#17 · Cryptocurrency
Trading
Markets60
Exchanges11
Trading sinceFeb 10, 2016

Liquidity

Buy depth (−2%)$138.2K
Sell depth (+2%)$72.3K
Spot pairs counted15
Order-book depth within 2% of the price, summed across spot pairs.

Classification

SectorOthers · Networks
Sub-sectorPrivacy · Layer-1
EcosystemDecred
NetworksDecred

Social activity

Accounts mentioning it
24h0
7 days1
30 days2
Share of voice0.00%
Share-of-voice rank#1,225

Links

WebsiteWebsite
ContentBlogMedium

Top markets

Supply

84.2% in circulationmax 21,000,000
Circulating supply17,680,251 DCR
Total supply17,680,327 DCR
Remaining to issue3,319,749 DCR

Latest news

Key facts

LaunchedFeb 10, 2016
CategoryCryptocurrency
SectorCryptocurrency
TagsLayer-1PrivacyDAOGovernance Token

Decred in numbers

Decred (DCR) ranks #114 by market capitalization, at $310.79M. It belongs to the Others sector (Privacy). It has traded since Feb 10, 2016, across 60 markets on 11 exchanges, with $960.20K of volume in the last 24 hours. Its all-time high of $246.24 was reached on Apr 17, 2021; the current price is 94.9% below that peak. Its cycle low of $8.92 came on Aug 5, 2024.

84.2% of the maximum supply of 21.00M DCR is in circulation.

About Decred

Decred is a decentralized cryptocurrency platform that aims to provide financial sovereignty to its users. It emphasizes user-driven governance through a consensus voting system, ensuring that users have control over rule-making and enforcement. Privacy is a key feature, allowing users to keep their transactions private. Decred also has a treasury system that enables community-driven development and a built-in dispute resolution mechanism.

Background

Decred traces its origins back to April 2013 when a pseudonymous developer named tacotime responded to a thread on Bitcointalk stating that they had been thinking up a new cryptocurrency. Shortly thereafter, following a promise to share a technical specification of the idea, tacotime started a new thread, publishing a whitepaper titled "Memcoin2 (MC2): A Hybrid Proof-of-Work, Proof-of-Stake Crypto-currency". The proposal extended and combined the principles of both Litecoin and Peercoin, and was developed using btcd, the platform created by Decreds current developers.

Throughout 2013 tacotime attempted to coordinate development of the project with another pseudonymous individual named _ingsoc, eventually looking for a lead developer to get the project off the ground towards the end of the year. At the start of 2014 tacotime began work on another cryptocurrency, now known as Monero, becoming a part of the founding core team for the project. Nevertheless tacotime was still working on MC2 in the background.

early 2014

In early 2014, _ingsoc approached Company Zero (CO) and CEO Jake Yocom-Piatt with tacotime’s MC2 concept, merging efforts to develop the Decred system. At the time, CO, formerly known as Conformal Systems, was an open-source software engineering firm that focused on privacy and security oriented solutions including btcd (eventually migrated to btcsuite), an alternative full node Bitcoin implementation written in Go. In late 2015. C0 published a series of blog posts outlining challenges they saw in Bitcoin and proposals for iterating upon it.

Ultimately, on December 12, 2015, Decred was announced as a solution to Bitcoin's perceived problems, which included inefficient governance and capture by core developers, lack of development funding, and excessive miner power over the Bitcoin network. The proposal was for "an open, progressive, and self-funding cryptocurrency with a system of community-based governance integrated into its blockchain." At the core of the project was a hybridized proof-of-work proof-of-stake (PoW/PoS) consensus system that aimed to strike a balance between PoW miners and PoS voters to create a more robust notion of consensus.

February 8, 2016

On February 8, 2016 the Decred mainnet launched along with the Decred constitution, a set of principles and guidelines that provide users a clear understanding of the social contract between themselves and the project. At launch, 8% of the total supply was pre-mined, with 4% used to compensate the developers and 4% air-dropped to 2,972 people who signed up.

June 2017

In June 2017 Decred became the first blockchain to make a successful direct on-chain user-activated consensus vote. In October 2018 Decred's Politeia proposal system launched, allowing Decred users and stakeholders to propose, discuss, collaborate on, and fund new projects, initiatives, and consensus changes on an off-chain platform. Since then Politeia has been used for a wide range of governance decisions including research, bug bounties, and even public relations. Current initiatives launched on Politeia include privacy upgrades, support for Lightning Network, an expanded communications plan, and a decentralized exchange.

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Decred (DCR) price today — $12.41 · chart, markets & news