What is DCR coin? Introduction to DCR coin issue price, total amount and white paper

DCR, initially priced at $4.98 in 2016, is a decentralized cryptocurrency with a capped supply of 21 million and a hybrid consensus mechanism using both Proof-of-Work and Proof-of-Stake.

Oct 05, 2024 at 08:17 am

What is DCR Coin: A Comprehensive Guide

1. Definition

DCR coin, short for Decred, is a cryptocurrency and decentralized autonomous organization (DAO) platform. It aims to create a more decentralized, secure, and transparent governance system for cryptocurrencies.

2. Issuance Price

The initial issuance price of DCR was approximately $4.98 on February 8, 2016.

3. Total Amount

The total supply of DCR coins is capped at 21 million.

4. White Paper

The DCR coin white paper was published on January 31, 2016, and outlines the following key features:

• Proof-of-Work and Proof-of-Stake Consensus: DCR uses a hybrid consensus mechanism that incorporates both Proof-of-Work (PoW) and Proof-of-Stake (PoS).
• Decentralized Governance: Decisions on protocol changes and funding are made by stakeholders through a consensus-based voting system.
• Hybrid Funding Model: DCR allocates funds for development and operations through a combination of block rewards, transaction fees, and Politeia Proposals.
• Enhanced Privacy: DCR includes optional privacy features such as Confidential Transactions and Confidential Assets.

5. Additional Information

• Symbol: DCR
• Network: Decred
• Algorithm: Blake256r14
• Block Time: 5 minutes
• Official Website: https://decred.org