What is Decred Crypto Currency?A brief description of Decred.
Decred is a cryptocurrency, similar to Bitcoin, with a strong focus on community input, open governance and sustainable funding and development. It utilizes a hybrid “proof-of-work” and “proof-of-stake” 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 currency is called a ‘decred’ (DCR). To ensure the integrity of the currency and prevent people from making fraudulent transactions or creating their own coins, Decred uses a method of recording transactions known as a blockchain.
Decred Video
The purpose of Decred
Integrated decentralized governance, Trustless transactions between parties, Freedom of payments, Counterfeiting impossible, Fraud resistant, No single point of failure, No % based transfer costs, free to hold
Decred Abstract
Distributed, token-incentivized timestamping systems ledgers such as Bitcoin have become a mainstay of modern
finance. We have implemented a platform combining elements of proof-of-work (PoW) and proof-of-stake (PoS)
blockchains in an attempt to garner the benefits of both systems. Less major change to our consensus network
include additional elliptic curve signature suites, refinement and modification of the existing scripting language,
added extensibility in multiple areas to support future changes to the protocol, and distributed stake pooling
More information can be found in the Decred whitepaper https://docs.decred.org/
Other Decred facts
- Trading symbol: DCR
- Governance: Semi-centralized
- Open source: Yes
- Product status: Fully working product
- Consensus method: Proof of Work & Proof of Stake
- Emmission rate: No new tokens created
- Transactions per second: n/a
- Total Supply: 21,000,000
- Release date: 2017-04-25
Usefull Decred links
- Decred’s Website
- Decred pricing data & fundamental Decred information
- Decred’s Website
- Decred official blog
- Decred’s Bitcointalk Forum
- Decred’s Reddit Forum
- Decred’s block explorer
- Decred’s Alexa site stats
- Decred’s official forum: Unfortunately we don’t have this data available.
- Decred’s Github code repository:
https://github.com/decred/dcrd - Decred’s roadmap:
https://blog.decred.org/2017/01/09/2017-Decred-Roadmap/ - Decred’s team page: https://docs.decred.org/support-directory/?#development-support
- Decred’s whitepaper: https://docs.decred.org/