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?

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Employees
51-200

What is the market cap for Decred?

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Market Cap
$326.24M

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
2016
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.