Decred is an open and progressive cryptocurrency with a system of community-based governance integrated into its blockchain.
The fusion of technology, community, and governance the Decred way means development is self-funding and remains sustainable.
Technology
- Hybridized proof-of-work proof-of-stake consensus system to strike a balance between miners and voters and create a more robust notion of consensus
- Blake-256 hashing algorithm – not vulnerable to many of the numerous security issues facing Merkle-Damgård construction-based hashing algorithms such as SHA-256
- secp256k1 signature scheme for ease of integration into existing software or Ed25519/secp256k1-Schnorr to take advantage of Schnorr signatures and their features
- Written entirely in Go using a modular, well-documented, and tested codebase for long-term maintainability
Development
- Multi-stakeholder development ecosystem that welcomes and empowers participants who want to build new and improve on existing features
- Open and self-funded development via a block subsidy to ensure long-term development sustainability as project and network usage scale upward – Decred improves with use
- Any party can submit feature proposals and developers are paid for work to fulfill requirements – in full view of the community in a system designed to fight against ingroup-outgroup dynamics
- Main contributors are the developers responsible for btcsuite (est. early 2013 – present) – a suite of Bitcoin packages and tools, including btcd, a full node, mining capable, Bitcoin implementation
Governance
- Layered form of transparent meritocratic governance that extends beyond proof-of-work and proof-of-stake mechanisms to bring forward and represent insider and outsider voices in the community
- Bottom-up decision-making through the Decred Assembly – an evolving and inclusive list of community members who make non-financial contributions to the project through their work and effort
- Project bound by the Decred Constitution on the core principles of finite issuance, privacy, security, fungibility, inclusivity, and progressive development of the technology that keeps these principles together
Free and Open-Source Software
Get started with Decred for Windows/Mac OS X/Linux/BSD.
Web Wallet Service
Use the web wallet service to send and receive transactions.