Decred Holdings Group LLC


Name

Decred Holdings Group LLC

Summary

-Decred (DCR) is a blockchain-based cryptocurrency
-It was founded by the Piatt brothers, Jack Rickmar and David Hill
-It utilizes a Hybrid PoW & PoS

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Rating

BB

Symbol

DCR

Overview

Decred is a hybrid Consensus algorithm driven cryptocurrency that has a strong focus on community input, open governance, and sustainable funding for development.

It utilizes its hybrid consensus and on-chain governance systems to ensure that whales or dolphins of the market cannot disturb the flow of transactions or make changes to Decred without the input of the community. The project is self-funded to develop from a decentralized treasury.

Decred also created a dedicated voting platform called Politeia, which allows users to participate in votes, submit proposals and start discussions.

Historical Price Movement (in INR)

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Technology

Decred is a highly efficient and unique project as it invests its efforts on the blockchain technology’s decentralized nature to prevent a monopoly whale control in the project itself.
The protocol is a distributed, time-stamped ledger of unspent transaction output (UTXO) transfers stored in an append-only chain of dynamic-sized data blocks. A network of mining and economic nodes maintains this blockchain by validating, propagating, and competing to include pending transactions (mempool) in new blocks
One of the main goals of the Decred protocol is to ensure that all DCR holders have the same amount of decision-making power and that large institutions cannot rig the voting mechanism to favor themselves
Decred introduced a ticket-holder voting, Decred ensures that people who have enough DCR will have the opportunity to participate in votes regarding the company/token’s governance and operations.
Decred is employing a hybrid consensus mechanism, which combines both the proof-of-work (PoW) and proof-of-stake model (PoS)which ensures protection against monopoly governance.
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Use of Native tokens in the ecosystem: Decred token facilitates open governance, community interaction, and sustainable funding policies.

Decred’s founding organization

50%

Airdrop

50%

Volume ( as of 26Th April)

$6,781,091

Total Supply

3,956,256.95 DCR

Circulating Supply

3,956,256.95 DCR

Crowd Sales

Decred had one venture round

Funding

14/06/2018-Venture Round-N.A

Country

USA

Year Incorporated

2016

Registered Address

Greater Chicago Area, Great Lakes, Midwestern US

Dispute Resolution and Governing Law

USA

Country Risk Assessment

A1

Founding Team
NameDesignationEducationExperience
Alex Yocom PIattFounder--
Jake Yocom PiattCo-Founder--
Josh RickmarCo-Founder & Developer--
David HillCo-Founder--
Links