Decred - Money Evolved (Download Wallet) (Exchanges)
Decred is a cryptocurrency designed to upgrade and evolve over time based on the direction of its coinholders.
(Layer 1) (DAO) (No ICO) (21M Coin Cap) (Hybrid Pow/PoS)
(4x2 grid, small blocks, with symbols):
Staking Voting Treasury Proposals
Security Untraceable Lightning DEX
(charts/tabs: Voting Reward, TVL, APY, Supply, Supply Staked, Ticket Price, Block Reward Reduction)
Decred was conceived by a team of Bitcoin developers working with legendary Monero developer tacotime.
Their vision was clear: empower coinholders through a unique hybrid proof-of-work and proof-of-stake mining system that blends security, sustainability, decentralization, and user participation.
Decred is a combination of the words "Decentralized" and "Credits" (yes, no?)
“If I understand it correctly, #Decred could solve most of #Bitcoin's structural problems.” - Cathie Wood, ARK Invest
“Decred's killer feature is good governance, and with good governance, you can have any feature you want” - Chris Burniske & Joel Monegro, Placeholder Ventures
Anyone who stakes Decred has direct voting rights on network changes, proposals, and treasury spending. Stakers earn a portion of the block reward for their participation.
Decred's treasury is self-funded and comes from 10% of the block reward. This funding model ensures that development, marketing, and other project-related activities have a consistent funding source, independent of external capital or sponsors.
Decred's proposal platform is the decision making force behind the Decred DAO. Anyone can submit a proposal to build and get funding from the treasury. All proposals are time-anchored, censorship resistant, and must be approved by stakeholders.
The combination of the treasury fund, proposal platform, stakeholder voting, and flexible contractor model allow Decred to operate as a Layer 1 Decentralized Autonomous Organization.
Contributing and Becoming a Contractor ->
Decred has integrated an opt-in coin mixing process into its hybrid mining system. This allows users to easily anonymize their coins through a mixnet.
View Decred's Privacy Participation ->
Decred has built its own DEX using atomic-swap technology. This allows users to trade peer-to-peer with no trading fees or KYC. DEX development is funded by the Decred DAO and is completely open-source.
Decred's hybrid consensus system is significantly more difficult to 51% attack than pure PoW or PoS systems. To date, Decred has never been majority attacked.
Decred is the only project other than Bitcoin taking Lightning development seriously for Layer 2 scaling.