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Decred FAQs
QWhen was Decred launched?
ADecred was launched in February 2016.
QWhat is the blocktime for Decred?
AThe blocktime for Decred is 5 minutes. Blocktime is the time interval between new blocks being added to the blockchain. Some people argues that slower blocktimes are more secure and scalable and that faster blocktimes allow faster transactions. It is a highly debatable topic in the crypto community.
QWhat hashing algorithm does Decred use?
ADecred uses the hasing algortihm Blake-256.
QWhat was the highest price that Decred ever reached?
AThe highest price that Decred ever reached was $247.35 USD. This all time high price occured on 17 Apr 2021.
QWhat was the lowest price that Decred ever reached?
AThe lowest price that Decred ever reached was $0.43154 USD. This all time low price occured on 26 Dec 2016.
QDoes Decred have a Reddit channel?
AYes you can find the Decred Reddit channel at https://reddit.com/r/decred.
QIs Decred mineable?
AYes Decred is mineable which means that new coins can be created by miners working on the network.
QWhat concensus algorithm does Decred use?
ADecred uses a blake256 hybrid-pow-pos concensus algorithm.
QIs it possible to stake Decred to generate passive income?
AYes, staking is available for Decred on a number of platforms. For a full list of Decred staking yields see our list of Decred staking yields.
QHow much can I earn staking Decred?
AYou can earn up to 3.5% APY by staking your Decred tokens. Check out our Decred staking yields table for further details.
QWhere is the best place to stake Decred?
ARight now the best staking rates are on Binance with an income rate of up to 3.5% APY.
QIs it a good time to buy Decred?
AYou can check the technical indicators for Decred on the Decred Price Trend tab. These indicators are based on the analysis of multiple trading signals for Decred.
QWhere is the best place to buy Decred?
AYou can find the cheapest exchange on which to buy Decred on the Decred Buy tab.
QWhich crypto wallets support Decred?
AYou can check which wallets support Decred on the Decred Wallets tab.
QWhich venture capital firms have invested in Decred?
AThe following venture capital firms have invested in Decred: Placeholder Ventures.
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