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Decred DCR |
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£9.69 |
3.15 % (24h) |
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Marketcap |
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£162,308,199 |
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Volume 24h |
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£3,825,796 |
Description
Decred is a cryptocurrency that emphasizes community-driven governance and sustainable development. It combines both proof-of-work (PoW) and proof-of-stake (PoS) consensus mechanisms, offering a hybrid system that ensures network security and decentralization. Decred allows stakeholders to propose and vote on protocol changes, ensuring that the network evolves in a way that is aligned with the interests of its users. The project prioritizes decision-making that reflects the needs of its community and emphasizes long-term growth. The governance model of Decred includes a treasury system, where a portion of mining rewards is allocated to fund future development and community initiatives. This governance structure enables Decred to adapt to new challenges, ensuring the cryptocurrency’s resilience and longevity.