Decred (DCR) is a cryptocurrency project that leverages blockchain technology. Network management, community engagement, and sustainable funding plans are the main topics on the Decred team’s agenda. According to the whitepapers on the Decred project’s web page, the team is literally dreaming of a community-run network. Accordingly, the Decred community will approve all transactions and changes concerning the protocol itself. The path taken by the leading cryptocurrency Bitcoin (BTC) seems to have greatly influenced the Decred team. Throughout this content, we will talk about the Decred platform and what it brings to the cryptocurrency ecosystem. Of course, while doing this, we will also touch on some data about the platform’s crypto money DCR coins.
Decred (DCR) is one of the oldest cryptocurrencies in the cryptocurrency market. The Decred team copied the open source code of the original cryptocurrency Bitcoin (BTC). The team that developed this code wanted to contribute to the cryptocurrency ecosystem by implementing some changes. Thanks to Decred, it is possible to create a stronger cryptocurrency market. Among the main goals of the platform is to enable the community to manage the network effectively. With the work done by the team, the answer to the question of how the community can be more involved in the management is sought. The result is a platform that both leverages the original consensus algorithm of the BTC network, Proof of Work, and adopts Ethereum’s (ETH) idea of Proof of Stake. This situation is called a hybrid algorithm. Every change to the Decred network has been voted on by the community. This possibility also draws attention as a feature that is compatible with the basic philosophy of cryptocurrencies.

The Decred team uses a system called Politeia to effectively manage all components in the network. According to this system, stake holders can vote on changes in the network. To give an example of these changes, project funding, new incentives and all kinds of similar activities can be said. Decred literally stands out as a community-run cryptocurrency project.
The DCR coin, known as the platform’s own cryptocurrency, is competitive with other currencies traded in the market. Popular names such as Bitcoin (BTC), Dogecoin (DOGE) or Litecoin (LTC) are shown as competitors of DCR coin. DCR coin is traded on exchanges and is actively used in all kinds of transactions that take place on the Decred network, as well as competing with such competitors.
When Was Decred (DCR) Launched?
The Decred (DCR) project is one of the oldest cryptocurrencies. Developed in 2013 by two developers nicknamed Tacotime and _ingsoc, Decred was launched with a whitepaper called “Memcoin2: Proof of Work and Proof of Stake hybrid coin”. In 2014, this project was handled by an open source development firm. As a result, the Decred mainnet went live in 2016. Initially, we see that 8% of the total tokens have been pre-mined. This amount corresponds to approximately 1.68 billion DCR. Half of this previously mined amount was split between project developers and airdrop participants. The name of the said development company is Company 0. It is stated that among the developers of the platform, famous names who have made great contributions to the blockchain industry so far are also included.

How Decred (DCR) Works
The Decred (DCR) platform was developed by copying the source code of the leading cryptocurrency Bitcoin (BTC). For this reason, it can be said that DCR coins exhibit similar features to those of BTC. However, we can say that the Decred network has more advanced features. For example, BTC’s block time is 10 minutes, while this rate is only 5 minutes in DCR. While BTC’s mining difficulty is adjusted every two weeks, this rate has dropped to 12 hours in DCR. On the other hand, there is no staking feature on the Bitcoin network. Decred, on the other hand, allows staking as it also benefits from the Proof-of-Stake algorithm. The Decred network utilizes a hybrid technology that combines Proof-of-Work and Proof-of-Stake consensus algorithms. Politia is defined as a network management system developed by the Decred team. According to this system, users decide for themselves all kinds of changes related to the network and protocol. It would not be wrong to state that this idea directly overlaps with the basic philosophy of BTC. According to this system, new ideas can be voted easily. If the majority agrees, changes can be made in the system.

Decred (DCR) Price
The price of DCR coins, the cryptocurrency of the Decred platform, is around $112.34, according to the data received at the time this content was prepared. As of November, DCR coins were traded at a yearly low of $11.9. When the current price is compared with this ratio, it can be stated that DCR coins perform quite well. Decred coin has so far managed to break an all-time record of $247. According to the introductory documents published by the team on the website, a total of 21 million DCRs will be offered to the market. Only 64% of the cryptocurrency produced by mining has been mined so far. This amount corresponds to around 13.4 million. Under the technical facts mentioned above, DCR mining activities continue at full speed.
Where to Buy Decred (DCR)
DCR coins, which have existed in the market for quite a long time, are available from many exchanges. These exchanges include names such as Binance, Huobi Global, Bittrex, KuCoin, Gate.io or Poloniex. Binance, one of the world’s largest cryptocurrency exchange platforms, has created a total of two trading pairs for DCR coins. These are provided with USDT and BTC. Accordingly, users can buy DCT coins using these two cryptocurrencies on this platform.