Decred
DCRBINANCE
Product information
What is Decred (DCR)?
Decred is a cryptocurrency with its own blockchain that aims to give stakeholders a direct say over network rules and treasury spending. DCR is the network's native coin. The project uses a hybrid consensus model in which miners and coin holders play roles together.
Blocks are produced by miners through proof of work; however, for a block to be considered valid, it needs the approval of voters selected at random among stakeholders who have locked DCR to buy tickets. This proof-of-stake layer balances the power of miners and gives voters a share of the block reward. Tickets are also used to vote on consensus rule changes and on proposals submitted to the Politeia system for treasury spending. The ecosystem also includes DCRDEX, a decentralized atomic swap exchange, Lightning Network support and a mixing feature called StakeShuffle.
Factors that may affect the DCR price include the share of coins locked for ticket purchases, mining economics, exchange listing status and general crypto market conditions. The Decred price on Lzzo.com is taken from DCR/USDT trading on Binance and converted into dollars at Coinbase Exchange's USDT/USD rate, and the chart is drawn from this series.
Sources: decred.org, coingecko.com
- Name
- Decred
- Symbol
- DCR
- Market
- Crypto
What to look for in the technical analysis of Decred
Moving averages help assess the trend and RSI helps assess momentum. Indicators are calculated from real history; when there is not enough history or the required candle fields are missing, the indicator is not calculated. Past results do not guarantee future performance.
Technical indicators
Calculated from observed daily candles (at least 201 observations). No intraday indicators. Indicators are descriptive, not a buy/sell recommendation.
Investment Return CalculatorWith observed closes over the past year
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