Decred Price
DCR
How Much is 1 Decred (DCR)
Convert DCR to your currency
Last Updated on Dec 29, 2025 09:18 PM
What is Decred?
About the coin
Decred is a cryptocurrency that emphasizes evolution through community input. It operates on a hybrid Proof of Work (PoW) and Proof of Stake (PoS) model, ensuring a balanced and secure network. The total supply of Decred is capped at 21 million coins, and it was launched without an initial coin offering (ICO), highlighting its commitment to fairness and decentralization.
Main features
One of the standout features of Decred is its self-custodial staking, which allows users to participate in the network's governance and earn rewards. The platform operates as a decentralized autonomous organization (DAO), with a treasury funded by 10% of block rewards. This ensures that the project has sustainable funding for future development and initiatives. Currently, there are 15,808,337 DCR coins in circulation, with 88% mined and 62% staked. Stakers can earn a 7% annual percentage yield (APY) for their participation in staking and voting.
How it works
Decred's hybrid PoW/PoS model allows for a unique approach to consensus and governance. The block reward decreases by 1% every 21 days, with the next reduction scheduled in 20 days. This gradual decrease in block rewards ensures a controlled and predictable supply of new coins. The emphasis on security, community governance, and sustainable funding makes Decred a robust and adaptable cryptocurrency, aiming to be a superior long-term store of value.
Tangem supports networks for Decred
Temporarily not supported
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Decred FAQ
- Decred is a digital currency powered by blockchain technology. It allows users to send value, access decentralized tools, and participate in the project’s ecosystem.
- Decred offers efficient transactions, strong network security, and support for decentralized applications. Its design aims to provide a reliable user experience.
- They refer to the same cryptocurrency. DCR is the abbreviated code used in trading platforms.
- Hyrbid PoS and PoW MiningDecred still uses PoW mining in order to verify the transactions. However, in order to restrict mining by ASICs, the hashing algorithm used by Decred is the"blake" algorithm. This helps limit hashing power centralisation.
- What Is Decred?Decred is a cryptocurrency based on an early Bitcoin blockchain fork.
- Decred is a cryptocurrency thatcombines two consensus models: proof of work and proof of stake. When new blocks are mined, 60% of the block reward goes to proof of work miners, 30% to proof of stake voters, and 10% to fund development of the protocol. Stakeholders may also vote on changes to the protocol itself.
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