Accept Payments in Decred

Decred (DCR)

Dynamic Prices

What is Decred (DCR) Cryptocurrency?

Decred is a blockchain based platform which was launched in 2016. This digital currency is based on Bitcoin and used cryptoraphy to secure transactions and secure the creation of new coins in its system. Decred coins are obtained through miming. However, the power to make decisions about the coin does not only rest upon the miners but to the community too. This is made possible through the combination of proof of stake and proof of work protocols.

This platform is designed in such a way that any community member can suggest an update or even start a new proposal. All developers are paid in digital currencies through the Decred blockchain. According to the developers of this platform, it’s very simple to use and allows users to mine and trade the Decred Coins.

Just like other digital currencies Decred is fully decentralized and is not controlled by any institution or even a government. Developers dreamed of making the coin fully decentralized in such a way everyone can participate, unlike Bitcoin where all transactions are controlled by miners. The official coin of Decred is called the DCR. Mining this coin requires the miners to provide bookkeeping services, ensure that the network is safe and stable and lastly introduce new digital coins to the system.

The mining of Decred also requires solo mines and the mining software program. The official miner for Decred is called the GoMiner and has been in existence since the digital currency was launched.

Decred’s current price

Like all other digital currencies, Decred has been affected by the current drops in prices which happened since the start of the year. The coin has however remained stable. DCR is currently trading at $44.3 and has a market cap of $371,783,844 according to coinmarketcap. At the moment there are about 8,392,493 coins in circulation and its maximum supply is 21,000,000 coins.

How to accept Decred payments on your website

ExagonPay is an online platform which enables the payments for goods and services through digital currencies like Decred. The platform works by ensuring that businesses allow customers to pay through all digital currencies. In order to avoid the volatile nature of digital currencies which keep away most businesses, ExagonPay converts all payments into either USD, Euro or even Bitcoin depending on what the client prefers.

To start accepting Decred and other digital currencies like Bitcoin, Ethereum, Ethereum Classic, Bitcoin Cash, Ripple, Zcash, EOS and other digital currencies simple signup with exagonPay. If you want to use the platform for e-commerce services then create API credentials but if you want to use it for normal payments or even donations then simply create a payment button.

Note that if you want to retain your payments in digital currencies then you will not require to verify your identity. However, clients who want their payments to be converted into either the Euro or USD then they will be required to verify their identity.

Get access to the ExagonPay platform.