Key metricsKey metrics
PricePrice$33.01
Asset TypeAsset TypeGovernance
StructureStructureDecentralized
Project StatusProject StatusWorking Product
OwnershipOwnershipFree
SectorSectorCurrency
IndustryIndustryBlockchain
FoundedFounded1-Feb-2016
Funds raisedFunds raised8% Premine + 415k
CountryCountryUnited States
Key personKey personJake Yocom-Piatt

Decred (DCR) Information{coin_name} ({symbol}) Information

Decred is an autonomous digital currency.

Decred is an autonomous digital currency. With a hybrid consensus system, it is built to be a decentralized, sustainable, and self-ruling currency where stakeholders make the rules.

Team OverviewTeam Overview

Abubakar Suleiman
Mobile Developer
Alex Yocom-Piatt
Developer
Collins Olanrewaju
Mobile Developer
Dave Collins
Lead Developer
David Hill
Developer
Donald Adu-Poku
Developer
Holger Klein
Developer
Jamie Holdstock
Developer
Jolan Luff
Developer
Jonathan Chappelow
Developer
Josh Rickmar
Developer
Macaulay Davies
Developer
Marco Peereboom
Developer
Matheus Degiovani
Developer
Fernando Abolafio
Developer
Mykolas Raižys
Developer
Oluwandabira Alawode
Developer
Sean Durkin
Developer
Steven Wagner
Developer
Peter Banik
Developer
Sebastien Bramille
Developer
Tiago Alves
Developer
Victor Oliveira
Developer
Justin Santoro
Design & Video Production
Denys Zayets
Designer
Kärt Koosa
Illustrator, Designer
Kyle Chivers
Motion Designer
Marcelo Lustosa
Illustrator
Tanel August Lind
Lead Designer
Sander Meentalo
Designer
Emilio Mann
Community Manager (BR)
Henrique Giron
Decred TV Brazil Host
Gustavo Ferrari
Decred TV Brazil Host
Oregon Isaac
Community Manager
Joshua Buirski
Asia Pacific Outreach
Luke Powell
Decred Roundtable Host
Namkyun Kim
Community Manager (KR)
Nick Boariu
Docs and Analytics
Noah Pierau
Community Coordinator
Jure Kralj
Reddit Manager
Scott Christian
Facebook Manager
Trace Trebilco
Decred Assembly Host
Lindsey McConaghy
Public Relations
Bernardo Brites
Marketing & Partnerships
Clarissa Peereboom
Marketing & Events
Mike Trevino
Marketing & Events
Tim Hebel
Digital Marketing
Jake Yocom-Piatt
Project Lead
Jonathan Zeppettini
International Ops Lead
Phillip Conrad
Strategic Comms Lead
Charlie Lee
Advisor
Jimmy Song
Advisor

OrganizationsOrganizations

Company 0 LLC

500 N Michigan Ave Chicago, IL, 60611

Decred
Decred Holdings Group LLC

Questions and AnswersQuestions and Answers

What's the deal with Decred?
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 ‘Decred’ (DCR). 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.
How is this Decred thing different from Dash?
They may both start with the letter 'D' but the similarities pretty much end there. Decred has a 1 tier network. Dash has a 2 tier network (masternodes). With Decred, your coins are locked after purchasing tickets (voting rights) (constraining the supply). With Dash, you can sell a masternode at any time. With Decred, anyone can vote / participate. With Dash, only the wealthy can participate. With Decred, upgrades are precoded into the chain. The chain automatically switches to the upgrades after a successful "yes" vote. With Dash, the developers must then code the upgrade after the vote and hope everyone switches. Decred is a decentralized autonomous entity (DAE), designed from the ground up. It has a unique consensus system (which makes an "Ethereum Classic situation" extremely unlikely), is self funding, and is written from scratch in Golang by very well respected bitcoin developers (BTC Suite).
What's up with the "tickets" in Decred?
Two validation systems are integrated into the Decred blockchain, Proof-of-Work (PoW) and Proof-of-Stake (PoS). The PoW system (miners) create and validate new blocks added to the blockchain. The PoS system allows ticket holders (voters) to participate in verifying a block's validity. The PoS system acts as a 2nd authentication factor on the chain. If 3 of the 5 randomly selected ticket holders approve, the block is added. The PoS tickets are also used to vote on a change to the protocol (hard fork) over a period of time. Without support of the super-majority vote, the minority chain will become unsustainable due to invalidated blocks. For more info on how to stake, see this guide Analogy: Imagine a toy car factory with machines (miners) that make toy cars. Each toy car produced is approved by 5 randomly selected quality inspectors (voters). If 3 inspectors approve, the toy car is good. If we want to turn the toy car factory into a toy boat factory instead (hard fork), we need at least 75% of inspectors to agree to this change over a 1 month period. Once that happens, even if we happen to have machines still making toy cars, it will be hard to find 3 of 5 inspectors that approve on building a toy car.
How long do tickets usually take to vote?
On average, live tickets vote within 28 days but can take as long as 142.22 days (40960 blocks) to vote. If a ticket does not vote within this window, it expires, and the ticket fee is lost (don't worry, the cost of the ticket is refunded). However, the chances of this happening are less than 0.5%.
If Bitcoin / Decred shared the same economic fundamentals, how much would it cost to attack the Decred network?
As of March 31, 2017, at its peak, there was an estimated 4,161,948 TH/s of hashing power securing the Bitcoin network. So in order to successfully attack Bitcoin, you would need 51% of that which is 2,122,593 TH/s. Also, let's discount the fact that with the amount of money we're talking about here you could just pay to have your own ASIC built out in a fab for even less, but let's just keep it simple using released hardware. An Antminer S9 provides 14 TH/s @ 3000 USD. Thus, to achieve that 51%, you would have only needed to acquire approx 151,614 Antminer S9s * 3000 = $454,842,000 USD. Now, for an apples to apples comparison, let's assume Bitcoin used Decred's hybrid system and thus we'll use the same coin supply, the same price per coin, and the same PoW hash rate. As of that same March 31, 2017 date, there were around 16,248,000 bitcoins in circulation at a cost of roughly 1000 USD per coin. Now, let's go ahead and use some less than favorable numbers an assume there is only 33% stake participation and calculate how much money it would take to attack the network by aiming to acquire 33% of the stake. Running the numbers, we can see ((1/0.33 - 1) * 0.33)3 = 0.29, so you would also need roughly 29% of the hash power in addition to 33% of the stake. So, 33% of 33% of 16,248,000 coins ~= 1,769,407 * 1000 per coin = 1,769,407,000 USD for the PoS portion. Now, you also need 29% of the hash power, so 4,161,948 TH/s * .29 ~= 1,206,965 TH/s. Thus, you would need to acquire approx 86,212 Antminer S9s @ 3000 USD = 258,636,000 USD. So, in summary, you would need roughly 455 million USD to attack Bitcoin while you would need roughly 2.03 billion USD to attack Decred.
I heard Decred has fantastic documentation written by a dude with an awesome beard.
Correct on both counts. You can see it at docs.decred.org.
Where can I read about Decred's future plans?
We have a roadmap for 2018 and it's been coming along nicely.
Is it true you guys presented at Coinbase?
Indeed, and you can watch the video https://www.youtube.com/watch?v=I-jSlqwNpSM
Is it true Decred has its own YouTube show?
Why would someone lie about that? Of course it's true. You can watch episodes of https://www.youtube.com/channel/UCJ2bYDaPYHpSmJPh_M5dNSg
Where can I read about Decred's sexy branding and design?
We're flattered you feel that way. Have a look at this post for the details and go here for downloads: https://decred.org/brand/

TechnicalTechnical

Key metricsKey metrics

Source Code Repositories

decred/dcrd 492 Stars 117 Contributers 66 Open Issues

Decred daemon in Go (golang).

decred/atomicswap 445 Stars 19 Contributers 12 Open Issues

On-chain atomic swaps for Decred and other cryptocurrencies.

decred/decrediton 165 Stars 38 Contributers 154 Open Issues

Cross-platform GUI for Decred.

EconomicsEconomics

Tradeable CoinsTradeable Coins
7,145,743 (72% of total) ({tradeable_of_total} of total)

Exchange Markets

ExchangeExchange MarketMarket PricePrice DiffDiff Volume 24hVolume 24h SpreadSpread Spread $1kSpread $1k
Binance DCR/BTC $32.98 -0.11% $1,270,307 0.2% 1.3%
Bittrex DCR/BTC $32.87 -0.44% $312,940 0.45% 0.45%
Poloniex DCR/BTC $33.24 0.67% $200,476 0.67% 1%
Upbit DCR/KRW $33.33 0.96% $115,970 0.67% 4.3%
Binance DCR/BNB $32.65 -1.1% $113,058 0.11% 4.1%
Gate.io DCR/USDT $33.92 2.7% $42,476 1.9% 10%
Bittrex DCR/USDT $34.35 4% $12,315 8.1% 8.1%
Gate.io DCR/BTC $31.98 -3.1% $789.58 13% 66%
Lykke DCR/BTC $54.05 64% $0.0000
Lykke DCR/USD $16.50 -50% $0.0000

Latest Decred NewsLatest Decred News

Decred on Twitter

Decred has been added to @Exmo_Com! $DCR markets for $BTC, in addition to fiat pairings in Russian ???? $RUB, and Ukranian ???? $UAH. Thank you for supporting #Decred. https://t.co/0O0wYOxDpH… https://t.co/uGEzW7mIdg

Decred on Twitter ReadRead 

Decred Brasil on Twitter

@matheusd_tech um dos devs brasileiros da @decredproject falando sobre Decred e Lighning Network em nossa arena na Campus Party Brasilia ... @matheusd_tech one of the Brazilian Decred devs talking about Decred e LN in our arena at Campus Party Brasilia https://t.co/raYEAUD8aR… https://t.co/LdDdACMWKg

Decred on Twitter ReadRead 

Decred Brasil on Twitter

@_fguisso do @decredproject na Campus Party Brasilia ensinando para as crianças os primeiros passos para hackear o sistema :) #CampusPartyBRA ... Fernando Guisso from Decred at Campus Party Brasilia - Brazil teaching the children the first steps to hack the system :)… https://t.co/K9VHIEw5M6

Decred on Twitter ReadRead 

Haon on Twitter

Some people have questioned the name #Decred in the last 3 years. Their reasoning: investors will only invest in a #cryptocurrency with a catchy name, and since “de” has a negative connotation they may ignore Decred. Let's find out why "Decred" is awesome: https://t.co/q5cQcr9DAt… https://t.co/XLEYUvGw0A

Decred on Twitter ReadRead 

Decred on Twitter

On the bright side, in the long run, more #crypto adoption is the best possible outcome from @Facebook’s cryptocurrency. But once people experience the privacy downsides of #Libra and realize there are decentralized alternatives, they will opt out of Libra.

Decred on Twitter ReadRead 

Decred on Twitter

A trackable #cryptocurrency from a ‘free’ network with a history of selling consumer data could just as easily track financial decision-making and sell it to third parties.… https://t.co/WkaBo82gmY

Decred on Twitter ReadRead 

Decred on Twitter

#Libra goes against the central ideological underpinning of #cryptocurrency it’s not decentralized. @Facebook has already garnered a reputation for questionable privacy practices.

Decred on Twitter ReadRead 

Dustin LeFebvre on Twitter

Hats off to @DoveyWan for helping to address the tragedy of the commons funding problem for $BTC. Brings me back to this gem https://t.co/mv1aoDw4Uo Built-in funding is a big reason $DCR is a good long term hedge to $BTC

Decred on Twitter ReadRead 

Decred on Twitter

Episode 2 of Decred in Depth is out now, lukebp_ talks about how dcrtime works, why it is needed for Politeia, and how it could be useful in other contexts. Luke also discusses his own history with the project, how and why he got into #Decred. https://t.co/buhDP0MQSq… https://t.co/duxNdJFX7Q

Decred on Twitter ReadRead 

Decred on Twitter

Decred talk starts 38 min in.…

Decred on Twitter ReadRead 
This information is provided AS IS and is not adviceThis information is provided AS IS and is not advice. May contain errors or omissions. Please always do your own research before trading.May contain errors or omissions. Please always do your own research before trading.
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