Decred  logo — A community-directed digital currency designed to be a super...

Decred

A community-directed digital currency designed to be a superior store of value. Secure. Adaptable. Self-Funding.

Founded 2016 20 employees Venture round Crypto, Financial Services +1

General Information

Company Name Decred
Founded Year 2016
Employees 20
Industries Crypto, Financial Services, Fintech
Funding Stage Venture round
Social

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About Decred

Decred is a blockchain-based cryptocurrency founded in 2016, aiming to be a superior store of value. It operates with a strong emphasis on community input, open governance, and sustainable funding for development. Utilizing a hybrid Proof-of-Work (PoW) and Proof-of-Stake (PoS) mining system, Decred ensures that the flow of transactions and changes to the currency are not dominated by a small group but rather involve the community. The currency is called decred (DCR). Acknowledged by industry experts, investors, and the media, Decred has received accolades and recognition. Notably, in June 14, 2018, it secured a Venture Round investment from Blue Yard Capital, Block Ventures, Placeholder Capital, and Inflection.xyz. These investors demonstrate a strong belief in Decred's potential within the Financial Services and Fintech sectors. Decred prides itself on being completely independent, community-funded, and community-owned. Its hybrid consensus system ensures that the community has a significant say in the platform's development and changes, establishing a robust and secure currency in the long term. The overall acclaim and support from both industry insiders and investors position Decred as one of the most compelling projects. Its commitment to incorporating the latest technology without interrupting trading or losing value showcases the brand's dedication to innovation and stability. Decred envisions a future where the infrastructure empowers its users, making it a notable player in the evolving cryptocurrency landscape.

Business keywords: Cryptocurrency, Digital currency, Proof-of-Work (PoW), Proof-of-Stake (PoS), Community governance, Decentralized monetary model, Hybrid consensus system, Community funding, Technology, Cryptocurrency investment, Blockchain technology, Open governance, Sustainable funding

Funding Rounds & Investors (1)

View All
Funding Stage Amount Investors Lead Investors Date
Venture Round Undisclosed 4
Blue Yard Capital, Block Ventures +2
14 Jun 2018

Decred Alternatives & Competitors

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FAQ About Decred

A community-directed digital currency designed to be a superior store of value. Secure. Adaptable. Self-Funding.
Decred was founded in 2016.
Decred operates in Crypto, Financial Services and Fintech. Its work centres on Cryptocurrency, Digital currency, Proof-of-Work (PoW) and Proof-of-Stake (PoS).
Decred has approximately 20 employees.
Decred has completed 1 funding round. The latest funding stage is Venture round.
Top alternatives and competitors to Decred include Sögur Currency (SGR), Qitmeer Network, The Coop Network, Parex Market Inc., Bottlepay. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Decred and Sögur Currency (SGR) are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Decred , https://bouncewatch.com/company/decred, updated 30 December 2024. When citing, please name BounceWatch and link this page.

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