About Decred

Decred is a blockchain platform designed to foster a community-driven and sustainable ecosystem through open governance. Conceived in 2013, its code is based on Bitcoin, sharing many similar features, but with specific modifications to enhance participation in governance. The mainnet launched in 2016. DCR is the native cryptocurrency with a cap of 21 million coins. Key features include a hybrid consensus mechanism combining Proof-of-Work and Proof-of-Stake to ensure network security and governance. Miners secure the network and earn 10% of block rewards, while stakeholders stake DCR tokens to validate transactions, propose ideas, and vote on platform development via Politeia, a dedicated proposal system. The platform supports smart contracts and off-chain transactions, enabling application...