. What is Decred (DCR)? Here is the Crypto Currency DCR Coin in All Details – In this article, we will give you the answer to the question of What is Decred (DCR) and try to provide details about the project.
What is Decred (DCR)?
Decred is a hybrid blockchain that includes both Proof of Work (PoW) and Proof of Stake (PoS). 60% of block rewards go to PoW Miners, 30% to PoS ticket holders, and 10% of block rewards go to fund team treasury.
Decred adopts various design elements from Bitcoin, such as a total supply of 21 million. However, the block time is only 5 minutes (compared to 10 for Bitcoin), its difficulty is reset every 12 hours (144 blocks), and the block reward decreases by 1% every 21 days.
Decred holders bundle DCR assets into tickets representing bundled staked DCR. These tickets allow users to participate in governance as well as validate blocks and earn part of the staking rewards.
Decred has Politeia, a bidding system where Decred ticket holders can participate in the management of the project’s treasury.
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