May 25, 2021
[Chicago, IL March 25, 2021] Decred (DCR), a digital currency that emphasizes security and scalability, today announced the initial integration of its decentralized exchange, DCRDEX, into its Decrediton wallet. DCRDEX, initially available on the command line interface, has surpassed $210 million in trading volume since its launch in October 2020. The integration will make it easier to access the exchange, the first of its kind with no trading fees. It is also the first to utilize a new order matching system that levels the playing field between retail and professional traders. Other notable features are added security, as servers never take custody of client funds, and privacy as it’s completely permissionless. Currently the exchange allows users to exchange Decred and Bitcoin, however DCRDEX will eventually be open to more cryptocurrencies. This will put projects on a more equal footing and ease the process of acquiring crypto assets, which will benefit the overall ecosystem.
The integration comes following news of Decred becoming the first true decentralized autonomous organization (DAO) in the crypto space, after making a consensus change to decentralize its $87 million treasury earlier this month. The move gave stakeholders full sovereignty over the project funds. “We’re proud to announce the initial integration of DCRDEX into Decrediton - a much anticipated update,” said Jake Yocom-Piatt, Co-Founder & Project Lead at Decred.org. “No DEX to this day has been solely created in the name of the public good, for the users of crypto in the original spirit of crypto. Having the ability to exchange cryptocurrencies with minimal friction, risk and centralization is crucial to the process of cryptocurrency adoption by the wider public and will substantially improve the resiliency of the ecosystem as a whole. The DCRDEX integration and recent consensus change are the latest examples of how Decred is leading the way in helping crypto stay true to its original ideals and keeping crypto decentralized.”
Decred is Money Evolved. By combining battle tested Proof-of-Work with an innovative take on Proof-of-Stake that places coin holders in charge of shaping the future, Decred is able to adapt to challenges and innovate at a rapid pace. You acquire influence in Decred by putting “skin in the game”. Decred’s security, privacy, scalability, and decentralized treasury empower stakeholders and provides them with the tools needed to enhance their financial sovereignty.