An open and progressive cryptocurrency with a community-based governance
Decred is a hybrid blockchain with PoW and PoS algorithms. It splits block rewards to several stakeholders. 60% for PoW miners, 30% for PoS ticket holders, and 10% go to fund the team treasury. Decred adopts several design elements from Bitcoin but changed some of them to increase throughput and economy.
Some of the changes are the 5 minutes block-time (compared to 10 minutes), difficulty readjustment every 144 blocks (compared to 2160), and 1% block reward decreases every 21 days (compared to block halving every 4 years). The PoS part of the algorithm allows Decred holders to bundle their DCR holdings into tickets, which allows them to participate in validating blocks and earning the staking rewards plus participating in governance. The project treasury is managed through a proposal system called Politeia.
Blockchains, Cryptocurrencies
Illinois, United States
2016
Latest updates
Decred Journal — March 2021
Decred Journal — March 2021Structural Phasing by @saenderHighlights for March:The consensus vote to enable the new treasury system has been approved and should activate around...
Decred Journal — February 2021
Decred Journal — February 2021L2 by @saenderFebruary’s highlights:v1.6.1 software was released, it adds bug fixes and UX improvements to the 1.6 releasePoW and PoS upgrade...
Decred Journal — January 2021
Decred Journal — January 2021Overflow Dissipation by @saenderHappy Birthday, Decred!Behind are five years of non-stop development and delivery on the promise of decentralization, one...
Decred Journal — December 2020
Decred Journal — December 2020Image: Restructuring III by @saenderHappy New Year everyone!December highlights:After another month of polishing, v1.6 is looking very shiny indeed. Stand...
Decred Journal — November 2020
Decred Journal — November 2020Image: Restructuring II by @saenderNovember’s top stories:The v1.6 Release Candidates have been tested by the community and received many bug fixes...
Decred Journal — October 2020
Decred Journal — October 2020Image: Restructuring I by @saenderDecred’s highlights in October:v1.6.0 had its first two release candidates, following community testing fixes and improvements are...
How to get on DCRDEX MVP
With the recent initial MVP release of DCRDEX, there are some people who would like to use it and are...
Decred Journal — September 2020
Decred Journal — September 2020Image: Hidden Structures on Quadratic Orbit by @saenderDecred’s highlights for September:The decentralize Treasury spending PR is finally merged, after...
Decred Journal — August 2020
Decred Journal — August 2020Image: Bidirectional by @saenderHighlights for August:A v1.5.2 patch was released to fix a potential denial of service vector.Team dcrdex is up to...
Decred, Mining Market Mechanics
Proof-of-Work works.It is the most robust and battle tested machine consensus protocol in the cryptocurrency market, nearing 11yrs of uninterrupted...
Decred Journal — July 2020
Decred Journal — July 2020Image: Relay Pylons by @saenderJuly’s highlights:The decentralized approval of Treasury transactions, for which a DCP is forthcoming, will use Schnorr...
Decred Journal — June 2020
Decred Journal — June 2020Ambience at 3000K by @saenderJune’s highlights:Mobile apps for Android and iOS are upgraded to v1.5.Decred’s implementation of the new Rosetta standard...
Decred Journal — May 2020
Decred Journal — May 2020Ascending Bits by @saenderMay’s highlights:The new vspd software was introduced, this will replace the existing dcrstakepool software used by VSP...
Decred On-chain: Realised Cap, MVRV Ratio and Gradient Oscillators
Realised Cap PrimerThe Realised Cap is a metric originally developed for Bitcoin by the coinmetrics team in response to perceived shortcomings...
Decred Blockchain Analysis — Part 1
Decred Blockchain Analysis — Part 1Getting to know the Decred blockchainI started exploring the Decred blockchain in more depth at the end of...
Decred Journal — April 2020
Decred Journal — April 2020Image: Bridge Verticals by @saenderApril’s highlights:The optimizations continue for dcrd, which got so much faster it got banned by older...
Decred Journal — March 2020
Decred Journal — March 2020Image: Expand Vector by @saenderHighlights for March:DCP-0005 activated, bringing arguably the most secure and privacy preserving SPV implementation for lightweight clients...
Decred Journal — February 2020
Decred Journal — February 2020Image: Second known Decred Cake spotted in Morocco by @arijThe fourth anniversary of the Decred genesis block arrived on Feb...
Monetary premiums, can altcoins compete with Bitcoin?
By CheckmateDisclaimer: Nothing contained in this article shall be considered as investment or trading advice.Note — This paper now has a follow up...
Decred, The Resilient Stronghold
by Checkmate17-Feb-2020Decred is one of the most promising cryptocurrency projects and a sound competitor next to Bitcoin in the free...