Understanding Decred (DCR): The Privacy Crypto That Grew 11% Today
2025-10-03
Bittime - Decred (DCR) has recorded a price increase of more than 11% in the last 24 hours. This surge has made many people revisit this long-standing project that continues to grow. Let’s get to know this privacy crypto better!
Decred is known as one of the privacy cryptocurrencies focusing on open governance and community participation. Although not as popular as Bitcoin or Ethereum, DCR consistently delivers technological updates and a unique governance model.
With its combination of security, transparency, and user involvement, Decred aims to build a fairer ecosystem. The question is, what is Decred and why is it becoming relevant again amid today’s crypto competition?
What is Decred (DCR)?
Decred is a blockchain-based digital currency created to balance power between miners, coin holders, and the community.
The name Decred comes from the abbreviation Decentralized Credit, which describes its main goal: giving control to everyone, not just a few groups.
Its currency unit is called DCR, which can be used for transactions, as a store of value, and as a participation tool in the on-chain voting system.
For those who often ask what Decred is, the answer is a cryptocurrency that prioritizes democratic governance, where important ecosystem decisions are made directly by the community.
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How Does Decred (DCR) Work?
One of Decred’s unique features is its consensus system. Unlike Bitcoin which fully uses Proof of Work (PoW), Decred combines PoW and Proof of Stake (PoS) in a hybrid mechanism.
Proof of Work (PoW): Miners still play a role in validating new blocks, but only receive a small portion of the reward, around 1%.
Proof of Stake (PoS): DCR holders can lock their coins to get voting tickets. These tickets are used to approve blocks and make decisions about network rules. In return, ticket holders receive up to 89% of the block reward.
Treasury (Decred Fund): 10% of rewards go to the project treasury, which is then allocated based on community voting.
This system makes Decred fairer, as decisions don’t rely solely on miners but also on coin holders.
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How Does Decred (DCR) Work?
One of the unique aspects of Decred is its consensus system. Unlike Bitcoin, which relies entirely on Proof of Work (PoW), Decred combines PoW and Proof of Stake (PoS) into a hybrid mechanism.
Proof of Work (PoW): Miners still play a role in validating new blocks, but only receive a small portion of the reward, about 1%.
Proof of Stake (PoS): DCR holders can lock their coins to get voting tickets. These tickets are used to approve blocks and make decisions on network rules. In return, ticket owners receive up to 89% of the block reward.
Treasury (Decred Fund): 10% of the reward goes to the project’s treasury, which is funded according to community voting results.
This system makes Decred fairer, as decisions don’t depend solely on miners but also involve coin holders.
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History of the Decred Project
The initial idea for Decred appeared in 2013 on the Bitcointalk forum under the name Memcoin2. This idea was later developed by several community members, including Jake Yocom-Piatt.
In 2016, the Decred mainnet officially launched with an initial distribution model that included an airdrop and a small premine. This step was taken to distribute coins fairly and provide compensation to early developers.
Since then, Decred has continued to innovate. Some key achievements include:
2017: The first on-chain voting in crypto history.
2018: Launch of Politeia, an off-chain proposal and voting platform for treasury management.
2019 – 2021: Integration of Lightning Network, atomic swaps, and a decentralized payment system.
2023: PoW algorithm changed to BLAKE3 for better CPU-friendliness, and PoS rewards increased up to 89%.
With this long journey, Decred has proven itself as a serious project that consistently builds its ecosystem.
How to Get Decred (DCR)
There are several ways to own or buy DCR:
- Buy on Exchanges
DCR is available on many global crypto exchanges. You can purchase it with fiat or trade it from Bitcoin and other assets. - Mining (PoW)
Although the reward is small, mining is still a way to obtain DCR. Currently, the algorithm used is BLAKE3. - Staking (PoS)
DCR holders can stake by purchasing voting tickets. Besides contributing to governance, staking provides significant block rewards. - Contribute to the Project
Decred offers opportunities for anyone to contribute. Developers, designers, writers, and community members can earn DCR through the treasury. - Accept Payments
You can also earn DCR by selling goods or services and accepting payment in this coin.
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Conclusion
Decred (DCR) is a privacy-focused cryptocurrency that offers a unique approach with its hybrid PoW and PoS system.
With community-based governance, every DCR holder has a say in the project’s direction. Today’s 11% price surge is a reminder that Decred remains relevant in the crypto world.
For those interested, buying DCR or participating in staking is not just a way to invest, but also to directly engage in the ecosystem.
Since 2016, Decred has shown that consistency and innovation are key to surviving in the competitive crypto market.
How to Buy Crypto on Bittime
Want to trade buy Bitcoin and invest in crypto easily? Bittime is here to help! As a licensed Indonesian crypto exchange registered with Bappebti, Bittime ensures every transaction is safe and fast.
Start by registering and verifying your identity, then make a minimum deposit of Rp10,000. After that, you can buy your favorite digital assets right away!
Check rates BTC to IDR, ETH to IDR, SOL to IDR and other cryptocurrencies to track real-time market trends on Bittime.
Also, visit the Bittime Blog for updates and educational content about crypto. Find trusted articles on Web3, blockchain technology, and digital asset investment tips designed to enrich your knowledge in crypto.
FAQ
Is Decred a good cryptocurrency?
Although Decred has interesting features, especially its hybrid mining system, it is not considered the best choice for crypto investment. This is because Decred does not have clearly defined use cases like other top cryptocurrencies.
What is Decred crypto?
Decred (DCR) is a blockchain-based cryptocurrency that emphasizes community input, open governance, and sustainable funding for its development.
How does DCR compare to BTC?
Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.
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