Decred
Decred (Decentralized Credit) is a self funded cryptocurrency project
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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.
Mobile wallets for AndroidAndroid and iOS are also available. To minimize data plan, processing power and storage requirements, the mobile wallets make use of SPV mode.
Decred is supported by TrezorTrezor and Ledger, two popular hardware wallet implementations.
Decred is supported by Trezor and LedgerLedger, two popular hardware wallet implementations.
Decrediton is Decred’s GUI wallet for Windows, MacOS and LinuxLinux. It supports voting through Voting Service Providers and offers the easiest way to start buying tickets and participating in governance.
Proof of Work miners play a similar role for Decred as they do for BitcoinBitcoin, but with Decred they only receive 60% of the block reward.
Decrediton is Decred’s GUI wallet for Windows, MacOSMacOS and Linux. It supports voting through Voting Service Providers and offers the easiest way to start buying tickets and participating in governance.
Decred (decentralized credits) was founded in February, 2016 by Jake Yocom-Piatt, Alex Yocom-Piatt, Dave Collins, David Hill, 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 (/ˈdi:ˈkred/, /dɪˈkred/, dee-cred) is a blockchain-based cryptocurrency with a strong focus on community input, open governance, and sustainable funding for development. It utilizes a hybrid Proof-of-Work (PoW) and Proof-of-Stake (PoS) mining system to ensure that a small group cannot dominate the flow of transactions or make changes to Decred without the input of the community. A unit of the currency is called a decred (DCR).
Decred also supports cross chain atomic swaps, cross platform wallets, smart contracts, and the lightening network.
Proof of Work miners play a similar role for Decred as they do for Bitcoin, but with Decred they only receive 60% of the block reward.
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.
Proof of Stake voting is central to Decred’s governance. Decred holders can time-lock (or “stake”) DCR to obtain voting tickets. Tickets are randomly called to vote on-chain; this involves both approving the work of PoW miners and voting Yes/No on any open rule change proposals. 30% of the block reward goes to the holders of the tickets that voted in that block.
In June 2017 Decred became the first cryptocurrency project to approve a change to its protocol through a binding on-chain vote.
The remaining 10% of the block reward goes into the Decred Treasury. Holders of live tickets decide how that treasury is used through Politeia proposals and voting.
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.
The Decred Constitution sets out some guiding principles for the project; the constitution is subject to amendment through Politeia proposals.
Decrediton is Decred’s GUI wallet for Windows, MacOS and Linux. It supports voting through Voting Service Providers and offers the easiest way to start buying tickets and participating in governance.
There is also a Command Line Interface (CLI) for Windows, MacOS and Linux. The CLI exposes more advanced functionality, including the ability to run a personal voting wallet.
Decred is supported by Trezor and Ledger, two popular hardware wallet implementations.
Mobile wallets for Android and iOS are also available. To minimize data plan, processing power and storage requirements, the mobile wallets make use of SPV mode.
Decred (decentralized creditcredits) was founded in February, 2016 by Jake Yocom-Piatt, 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.
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