Question 1

What is Decred (DCR)?

Accepted Answer

Decred (DCR) is a blockchain-based cryptocurrency distinguished by its emphasis on community involvement, open governance, and sustainable funding for development. The Decred blockchain incorporates hybrid Proof-of-Work (PoW) and Proof-of-Stake (PoS) mining systems to prevent a small group from monopolizing transaction processes or amending Decred rules without community input. Similar to Bitcoin's, Decred's blockchain integrates significant elements of governance into its protocol.

Question 2

What are the Uses and Features of DCR?

Accepted Answer

In Decred, stakeholders, who are essentially the DCR holders, play an active role in shaping the consensus rules of the blockchain, directing its future development, and deciding how the project's treasury funds are utilized.

To align incentives, Decred splits the block rewards between PoW miners, stakeholders, and the Decred Treasury, which funds the project. PoW miners have a role comparable to that in Bitcoin, but in Decred, they receive only 10% of the block reward.

Stakeholders can time-lock or "stake" their DCR to acquire voting tickets, which are randomly selected to vote on-chain. This voting includes both approving the work of PoW miners and voting Yes/No on any pending rule change proposals. The stakeholders who hold the tickets that voted in a given block earn 80% of the block reward.

The remaining 10% of the block reward is allocated to the Decred Treasury. Through Politeia proposals and voting, holders of live tickets decide how this treasury is used. The Decred Constitution, which can be amended via Politeia proposals, lays out guiding principles for the project.

Question 3

Who Created Decred (DCR)?

Accepted Answer

Decred was launched in February 2016 by a group of co-founders including brothers Alex and Jake Yocom-Piatt, along with Dave Collins, David Hill, John Vernaleo, and Josh Rickmar. The Yocom-Piatt brothers, along with their team, had previously contributed to the creation of btcsuite, an alternative full-node Bitcoin implementation written in Go (golang). Their aim was to create a truly decentralized cryptocurrency with an engaged community actively participating in its governance.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	DCR-USDT DCRUSDT	binance	AA	14.79USDT	1.65%	7,636.32DCR	1,903	14.55USDT	14.86USDT
2	DCR-USD DCRUSD	kraken	AA	14.75USD	1.82%	2,550.34DCR	534	14.49USD	14.77USD
3	DCR-USDT DCR-USDT	kucoin	BB	15.01USDT	3.45%	780.79DCR	872	14.51USDT	16.07USDT
4	DCR-USDT DCR_USDT	gateio	A	14.90USDT	2.67%	90.69DCR	35	14.52USDT	14.90USDT
5	DCR-USDT dcrusdt	huobipro	C	14.84USDT	2.02%	29,102.77DCR	11,543	14.55USDT	14.94USDT
6	DCR-USDT DCRUSDT	mexc	C	14.78USDT	0.95%	4,734.13DCR	3,240	14.64USDT	14.90USDT
7	DCR-USDT DCR_USDT	coinw	-	14.76USDT	1.70%	2,206.80DCR	1,354	14.51USDT	14.77USDT
8	DCR-USDT dcr_usdt	xtpub	-	14.79USDT	1.65%	1,527.44DCR	855	14.55USDT	14.84USDT
9	DCR-USDT DCR_USDT	bydfi	-	14.76USDT	0.96%	1,159.31DCR	904	14.62USDT	14.86USDT
10	DCR-USDT dcr_usdt	digifinex	D	14.78USDT	1.63%	503.53DCR	953	14.55USDT	14.84USDT
11	DCR-BTC dcr_btc	yobit	-	0.0₄7972BTC	0.00%	0DCR	0	0.0₄7972BTC	0.0₄7972BTC
12	DCR-USD dcr_usd	yobit	-	6.77USD	0.00%	0DCR	0	6.77USD	6.77USD
13	DCR-USDT DCRUSDT	latoken	D	17.16USDT	0.00%	0DCR	0	17.16USDT	17.16USDT
14	DCR-DOGE dcr_doge	yobit	-	33.40DOGE	0.00%	0DCR	0	33.40DOGE	33.40DOGE
15	DCR-USDT DCRUSDT	hitbtc	E	17.76USDT	0.00%	0DCR	0	17.76USDT	17.76USDT
16	DCR-USDT DCR_USDT	poloniex	C	12.50USDT	0.00%	0DCR	0	12.50USDT	12.50USDT
17	DCR-INR DCRINR	bitbns	-	600.00INR	0.00%	0DCR	0	600.00INR	600.00INR