What Is Decred (DCR)?
Decred (DCR) is a blockchain-based cryptocurrency launched in February 2016. The Decred token and protocol were created to facilitate open governance, community interaction, and sustainable funding policies.
According to the official whitepaper, Decred was created in such a way that the community approves all transactions and changes made regarding the protocol. Hence, there is no way for big Decred holders to manipulate the operation of the protocol. Decred was heavily influenced by Bitcoin and utilized many of the underlying principles of the original cryptocurrency.
Who Are the Founders of Decred?
The main driving force behind the creation of Decred is an enterprise called Company 0. Its mission is to use the capabilities of blockchain technology to create better personal data protection and to bring organizational liberty to projects.
Jake Yocom-Piatt is the founder and CEO of Company 0. Currently, he is serving as a project lead for the Decred project. His involvement with cryptocurrency and blockchain technology spans over more than ten years. Code written by Jake Yocom-Piatt has been used in the composition of several Bitcoin-related projects, including the creation of Lightning Network Daemon.
Marco Peereboom is the chief technical officer of Company 0. He is the direct supervisor of several teams on the Decred project, including development, security, and infrastructure. Mr. Peereboom’s career includes positions in companies like Dell, where he was a Senior Architect. He has been at Company 0 for more than five years, and his involvement with the Decred project is essential for the successful launch of the cryptocurrency.
Decred Price Prediction
| Year | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| 2022 | $79.87 | $82.15 | $95.36 |
| 2023 | $110.41 | $113.69 | $133.57 |
| 2024 | $162.74 | $168.42 | $194.10 |
| 2025 | $241.08 | $249.50 | $284.57 |
| 2026 | $359.63 | $369.61 | $429.62 |
| 2027 | $538.06 | $552.85 | $626.37 |
| 2028 | $812.93 | $835.04 | $947.14 |
| 2029 | $1,156.61 | $1,190.01 | $1,444.23 |
| 2030 | $1,669.30 | $1,728.80 | $2,023.88 |
| 2031 | $2,400.94 | $2,487.38 | $2,894.01 |
Decred Overview
| Coin Name | Decred |
| Coin Symbol | DCR |
| USD Price | $ 61.20 |
| Marketcap | $ 836,675,457 |
| 24h Volume | $ 3,636,440 |
| Total Supply | 13,672,200 |
Decred (DCR) Price Prediction
At reconshell.com we predict future Decred price predictions/DCR forecast by applying deep artificial intelligence-assisted technical Analysis on the past price data of Decred. We do our best to collect maximum historical data for the DCR coin which include multiple parameters like past price, Decred marketcap, Decred volume and few more. If you are looking to invest in digital cryptocurrencies and want good return on your investments, make sure to read our predictions.
Decred Price Prediction 2022
According to our deep technical analysis on past price data of DCR, In 2022 the price of Decred is predicted to reach at a minimum level of $79.87. The DCR price can reach a maximum level of $95.36 with the average trading price of $82.15.
Decred Price Prediction 2023
The price of Decred is predicted to reach at a minimum level of $110.41 in 2023. The Decred price can reach a maximum level of $133.57 with the average price of $113.69 throughout 2023.
DCR Price Forecast for 2024-2025
As per the forecast price and technical analysis, In 2024 the price of Decred is predicted to reach at a minimum level of $162.74. The DCR price can reach a maximum level of $194.10 with the average trading price of $168.42.
The price of 1 Decred is expected to reach at a minimum level of $241.08 in 2025. The DCR price can reach a maximum level of $284.57 with the average price of $249.50 throughout 2025.
Decred Price Prediction 2026
Decred price is forecast to reach a lowest possible level of $359.63 in 2026. As per our findings, the DCR price could reach a maximum possible level of $429.62 with the average forecast price of $369.61.
Decred Price Prediction 2027
According to our deep technical analysis on past price data of DCR, In 2027 the price of Decred is forecasted to be at around a minimum value of $538.06. The Decred price value can reach a maximum of $626.37 with the average trading value of $552.85 in USD.
Decred (DCR) Price Prediction 2028
The price of Decred is predicted to reach at a minimum value of $812.93 in 2028. The Decred price could reach a maximum value of $947.14 with the average trading price of $835.04 throughout 2028.
Decred Price Prediction/Forecast 2029
As per the forecast and technical analysis, In 2029 the price of Decred is expected to reach at a minimum price value of $1,156.61. The DCR price can reach a maximum price value of $1,444.23 with the average value of $1,190.01.
Decred (DCR) Price Prediction 2030
The price of Decred is predicted to reach at a minimum value of $1,669.30 in 2030. The Decred price could reach a maximum value of $2,023.88 with the average trading price of $1,728.80 throughout 2030.
Decred Price Prediction 2031
Decred price is forecast to reach a lowest possible level of $2,400.94 in 2031. As per our findings, the DCR price could reach a maximum possible level of $2,894.01 with the average forecast price of $2,487.38.
What Makes Decred Unique?
Decred is an innovative project because it bets on blockchain technology’s decentralized nature to prevent monopoly over voting status in the project itself. One of the main goals of the Decred protocol is to ensure that all DCR holders have the same amount of decision-making power and that large institutions cannot swing the votes in their favor.
By introducing ticket-holder voting, Decred ensures that people who have enough DCR will have the opportunity to participate in votes regarding the company/token’s future and operations. Decred also created a dedicated voting platform called Politeia, which allows users to participate in votes, submit proposals and start discussions.
Not only that, but to ensure those voting rights, Decred is employing a hybrid consensus mechanism, which combines both the proof-of-work (PoW) and proof-of-stake model (PoS).
How Many Decred (DCR) Coins Are There in Circulation?
Decred plans to issue a total of 21,000,000 tokens. Currently, about 60% of these tokens have entered circulation.
Of the 21 million tokens, 8% were mined before the launch of the protocol. Half of these pre-mined coins went towards an initial airdrop, while the other half was distributed to cover costs acquired by Company 0 during the development of the protocol.
The initial airdrop was designed to reward interested parties by giving them free Decred (DCR) tokens. Tokens were distributed among participants who had registered for the airdrop event beforehand.
How Is the Decred Network Secured?
Decred uses a hybrid PoW/PoS consensus mechanism, which combines features of the two most popular consensus models. The cryptocurrency uses proof-of-work (PoW) to mine new blocks on the blockchain; however, miners receive only 60% of the reward after a successful mining operation.
The proof-of-stake (PoS) consensus is used in the voting organization, and it allows users to participate in the ticket-holder voting system. Voters employing the PoS consensus receive 30% of the block reward.
The remaining 10% of block rewards are stored in the Decred Treasury. Decred hosts frequent Politeia discussions and votes on how the funds from the Decred Treasury should be spent.
Where Can You Buy Decred (DCR)?
The largest marketplace for Decred (DCR) is Binance, with a DCR/BTC trade volume of USD 2,493,254. Binance is also the most popular cryptocurrency exchange for DCR/USDT transactions.
Other good options for trading Decred include Huobi Global, YoBit, BitAsset and OKEx. It is important to note that trading cryptocurrency involves risks, like any other investment.