Decred

Autonomous Digital Currency

Network Token

Decred (DCR)

Decred is a cryptocurrency, similar to Bitcoin, with a strong focus on community input, open governance and sustainable funding and development. It utilizes a hybrid “proof-of-work” and “proof-of-stake” mining system to ensure that a small group cannot dominate the flow of transactions or make changes to Decred without the input of the community. A unit of currency is called a ‘DRC’. To ensure the integrity of the currency and prevent people from making fraudulent transactions or creating their own coins, Decred uses a method of recording transactions known as a blockchain.

Decred is a multi-platform digital currency with support for Windows, macOS, and Linux. Easy-to-use wallet apps enable sending, receiving, and mining Decred with just a few clicks. For those who like to tinker, Decred provides a full suite of command line tools allowing customization of the Decred experience.

“Since 2016, Decred has striven to solve blockchain governance. Our innovative consensus voting model empowers stakeholders and allows for the seamless transition from one set of rules to another. Decentralized decision-making and self-funding have enabled us to build a robust, evolving digital currency, free from third party influence.”

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Positives

  • Self Governed Digital Currency
  • Very Low Circulating Supply
  • Official Wallets Available
  • Long Standing Reputable Project
  • Price Stays Strong Through Market Downtrends

Exchanges

Concerns

  • Not available on many reputable exchanges (March 2018)
  • Volume is incredibly low due to lack of exchanges (March 2018)
  • Still uses a version of POW. Mining uses vast amounts of energy and the market is moving away from this model.

Official Links
Token Details

Token Type

Network Token

Powered by the Decred Network. Can be stored on any compatible wallet e.g Official Wallets

Token Statistics

Supply

• Ticker: BNT
• Total/Max Supply: 21,000,000
• Circulating Supply: 7,450,205
• Token Use: Governance & Currency

Founders

The Team

Dave Collins (Lead Developer)
Marco Peereboom (CTO)
John Vernaleo (Developer)
More

Industry

& Competitors

• Self Governed Blockchain
• Digital Currency
• Competitors – Dash, Bitcoin, Ethereum

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