Decred is an ecosystem designed to create decentralized management networks on the blockchain. It emerged with the Bitcoin hard-fork in 2016. The understanding of administration, which is completely based on democracy, is based on the voting of all its users and having a say in the decision mechanisms. Decred project uses both PoW (Proof of Work) and PoS (Proof of Stake) systems at the same time.
Decred Coin (DCR) is also the platform’s own digital currency. Non-miners of the Mined Decred Coin (DCR) have the task of validating the miners, so there is a balance of power on the platform, which protects the structure against 51% attacks.
Decred Coin (DCR) is Atomic Swap compatible, so users can exchange cryptocurrencies for other cryptocurrencies without intermediaries. Its supply is limited to 21 million units, just like Bitcoin. It also supports Decred Coin (DCR), offline and off-chain transactions.
There are currently 12.6 million units of Decred Coin (DCR) in the market and its market value is 1.89 Billion USD. Its value is expected to rise to $3.1 Billion when the entire supply is completed. Decred Coin (DCR) ranks 47th in the cryptocurrency market in terms of value.
As of now, 1 Decred Coin (DCR) is priced at the equivalent of $149, which is pretty close to its February 2021 peak of $170. While Decred Coin (DCR) is not yet listed on Turkish stock exchanges, it can be traded abroad on major exchanges such as Binance, OKEx, KuCoin, Kraken, Huobi Global, Gate.io.