Decred company info

What does Decred do?
Decred (CRYPTO:DCR), a versatile cryptocurrency and blockchain platform, distinguishes itself with a unique hybrid consensus mechanism that combines Proof-of-Work (PoW) and Proof-of-Stake (PoS). This innovative approach ensures not only the security of the network but also its decentralization and long-term sustainability. Decred's forward-thinking design encompasses a built-in treasury system, funding critical development and marketing initiatives through a share of the block rewards. Operating as a decentralized ecosystem, Decred relies on active participation from users, developers, and miners. Network upgrades and changes are subject to community voting through the Politeia process, allowing a democratic and inclusive decision-making process. Complementing this decentralized governance model, Decred maintains a dedicated team of paid developers committed to enhancing core software and infrastructure. Decred's ambitions extend beyond its blockchain platform, with ongoing projects like a decentralized exchange (DEX) aimed at enabling peer-to-peer cryptocurrency trading, reducing reliance on intermediaries. Additionally, a mobile wallet project seeks to provide users with convenient, on-the-go access to their DCR holdings. In sum, Decred's objectives revolve around security, decentralization, community involvement, and expansion, positioning it as a promising force in the cryptocurrency landscape. With a robust team and a burgeoning community, Decred is poised to make a lasting impact on the future of digital currencies.
Decred company media
Company Snapshot

How many people does Decred employ?


What is the market cap for Decred?

Market Cap

Where is the head office for Decred?

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Head Office
United States

What year was Decred founded?

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Year Founded
What does Decred specialise in?
/DAO /Hybrid - PoW & PoS /Medium of Exchange /Mineable /Store Of Value

What are the products and/or services of Decred?

Overview of Decred offerings
Built-in treasury system: Decred's built-in treasury system funds development and marketing initiatives through a portion of the block reward.
Decred DEX: The Decred DEX is a decentralized exchange that allows users to trade DCR and other cryptocurrencies without the need for a central intermediary.
Decred mobile wallet: The Decred mobile wallet is a mobile app that allows users to store and manage their DCR on their mobile devices.
Decred staking: Decred holders can stake their DCR to earn rewards and help secure the network.
Politeia: Politeia is a decentralized governance system that allows users to vote on proposed changes to the network.
Secure, decentralized, and sustainable cryptocurrency platform: Decred's hybrid PoW/PoS consensus mechanism ensures that the network is secure, decentralized, and sustainable.