Decred — Money Evolved

Decred — Money Evolved

Introduction

Decred is a cryptocurrency designed to upgrade and evolve over time, based on feedback from its holders. Through a unique hybrid Proof-of-Work (PoW) and Proof-of-Stake (PoS) mining system, Decred combines security, sustainability, decentralization, and user participation.

Core Features

DAO (Decentralized Autonomous Organization): Decentralized governance through holder voting.

No ICO (Initial Coin Offering): Tokens are distributed entirely through mining and staking rewards.

Hybrid PoW/PoS: Combining two consensus mechanisms to enhance network security.

21 million token cap: Similar to Bitcoin, the total amount is limited.

Self-funding: Funding development, marketing, etc. through 10% of block rewards.

Quick stats

Circulating supply: 16,124,376 DCR

Mined tokens: 77%

Annual inflation rate: 5%

Total staked: 62%

Staking rewards: 7% APY

Diminishing block rewards: 1% every 21 days

Why Decred?

Decred was conceived by a group of Bitcoin developers and legendary Monero developer tacotime. Their vision is to empower holders and solve Bitcoin's structural problems through a unique hybrid mining system. Decred has been highly praised by many well-known investors and analysts.

Holder control

Voting rights: Anyone who stakes Decred has the right to directly vote on network changes, proposals, and treasury expenditures.

Governance participation: Holders participate in network decision-making through voting to ensure that the direction of the network is in the interest of the community.

Sustainable development

Treasury funds: 10% of the block reward is used to support project-related activities such as development and marketing.

Proposal platform: Anyone can submit a proposal to obtain treasury funding support, and all proposals must be approved by holders.

DAO Operations

Decentralized Decision Making: Combining treasury funds, proposal platform, holder voting, and a flexible contractor model, Decred operates as a Layer 1 DAO.

Other Features

Proof of Stake Voting: Stake Decred to gain voting rights and block rewards.

Optional Privacy: Provides optional privacy features, using high-participation and post-quantum secure cryptography.

DEX (Decentralized Exchange): Built using atomic swap technology, allowing users to trade peer-to-peer without transaction fees or KYC.

Dual-layer security: Hybrid consensus systems are more vulnerable to 51% attacks than pure PoW or PoS systems.

Lightning Network: Supports Lightning Network for second-layer expansion, increasing transaction speed and throughput.

Get Involved and Learn More

Visit Decred's official website and community forum to learn more about Decred, participate in network governance and proposal processes, and work together to promote the development of Decred.