Golden
Decred

Decred

Decred (Decentralized Credit) is a self funded cryptocurrency project with community based governance.

Decred (decentralized credit) was founded in February, 2016 by Alex Yocom-Piatt, Dave Collins, David Hill, Jake Yocom-Piatt, John Vernaleo, and Josh Rickmar, and is headquartered in Chicago, Illinois. Decred is an autonomous cryptocurrency using a decentralized decision making and self-funding structure. The cryptocurrency uses a unique hybrid consensus voting system, called proof-of-activity, that combines features from both proof-of-work and proof-of-stake voting systems. In theory, this hybrid system makes Decred much more expensive to 51% attack, as doing so would require not just a majority of mining power but also a majority of the staked supply.



Decred also supports cross chain atomic swaps, cross platform wallets, smart contracts, and the lightening network. 



On February 7, 2016 Decred was released by Chicago-based Company 0. Decred developers executed an atomic swap between Decred (DCR) and Litecoin (LTC) in September 2017.



In June 2017 Decred became the first cryptocurrency project to approve a change to its protocol through a binding on-chain vote.



Decred launched their Politeia proposal system on the mainnet in December 2018, a first-of-its-kind governance mechanism that allows stakeholders to propose, discuss, collaborate on, and fund new projects, initiatives, and consensus changes.

Timeline

People

Name
Role
Related Golden topics

Josh Rickmar

Co-Founder



Alex Yocom-Piatt

Co-Founder



Dave Collins

Co-Founder



David Hill

Co-Founder



Jake Yocom-Piatt

Co-Founder



John Vernaleo

Co-Founder



Further reading

Title
Author
Link
Type

3 Things You Need to Know About Decred - Decred - Medium

Jon Creasy

News

Decred Is The Most Undervalued Cryptocurrency With A 15% Dividend-Like Yield, Possibly The Next Bitcoin

LCC Investment Research

Web

DTB001: Decred Technical Brief

Christina Jepson









Documentaries, videos and podcasts

Title
Date
Link

Decred Assembly - Ep9 - Litecoin, Decred and More w/ Charlie Lee - YouTube

July 10, 2017

What is Decred? Facts, Features, Function of Decred Cryptocurrency Coin

April 2, 2017

Companies

Company
CEO
Location
Products/Services









References