Decred
solves blockchain governance and rewards you for voting.
What we're building will
empower your ideas, give you
control over decisions, at
lightning fast speed, while protecting your
privacy.
Decred allows users to seamlessly transition from one set of consensus rules to another. This is a complex problem, as demonstrated by the difficulties experienced in Bitcoin governance. Decred uses an innovative hybrid proof-of-work (PoW)/proof-of-stake (PoS) system similar to proof-of-activity (PoA) to solve this problem and gives users of the currency decision-making power about the set of consensus rules to activate.
This hybridized consensus system is used to strike a balance between miners and users to create a more robust currency. Typically, the miners who operate the infrastructure wield considerable influence while the users have relatively little sway. Decred allows users to participate in the project directly without the need for expensive mining hardware.
DevelopmentDecred fosters a multi-stakeholder development ecosystem that welcomes and empowers participants who want to improve on existing features or build new tools. Anyone can submit feature proposals, and developers are paid for work to fulfill requirements in full view of the community. Funding for this work comes directly from the Decred blockchain.
The main Decred development group started as the Bitcoin developers who develop btcsuite, a widely respected Bitcoin implementation in Go that has been used by several high-profile projects including, but not limited to, BitGo, Factom, Ethereum, and the Lightning Network. Several of Decred's developers have also been contributors to the core of OpenBSD, among many other projects. Anyone is free to join development as an individual, a group, or a company - as many have already!
Community and PrinciplesDecred is constructing a layered governance organization that extends beyond the miners and users to bring forward and represent insider and outsider voices in the community. Decentralization is a process, and a decentralized ledger is only the first step in that process.
The project is bound by the Decred Constitution, so users can know what to expect: a finite number of coins, decentralized governance and a place to share their views. Decred's community plays an important role in making decisions, both informally via the Decred infrastructure and formally via the blockchain.
 | Wallets |
GUI Wallets (bundled with dcrd/dcrwallet):
⠀
Core software:⠀
3rd Party Wallets:- Exodus - friendly, all-in-one application, to secure, manage and exchange blockchain assets.
- 2017 Milestones
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- Public Proposal System
- Introduction of the first censorship-resistant and blockchain-anchored public proposal system, which empowers users to submit their own projects to Decred for self-funding from the project's block subsidy
- Stakeholder-directed DAO
- Convert Decred into a stakeholder-directed distributed autonomous organization (DAO), whereby users are given further control of development funds through voting
- Lightning Network support
- The two projects' respective lead developers work closely together - lnd and Decred are based on btcsuite, which was also developed by Decred's own developers
- Enhanced User Privacy
- Highly anticipated project within Decred likely to attract widespread attention
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- Completed
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- Novel hybridized proof-of-work/proof-of-stake (PoW/PoS) consensus system
- Cold staking and decentralized stake pooling
- Internal voting system for the addition of new features and hard or soft fork selection
- Immutable transaction hashes ("transaction IDs") by separating transaction signatures from the rest of the transaction data
- Elliptic curve cryptography over secp256k1 with optional Curve25519 support
- Schnorr signatures with threshold n-of-n support
- PoW mining using BLAKE256 hash algorithm
- Hierarchical deterministic (HD) wallets
- Transaction expiration
- Patches for intrinsic Bitcoin bugs
 | Who works on Decred? |
Decred operates through a resilient contractor model that allows for new individuals, groups, and companies to contribute to the project. At present, Decred consists of a large number of contributing members who work on the project:
- 14+ developers who actively contribute new code, maintain current code, and implement roadmap features in Decred's free and open-source software and repositories.
- 19+ marketing/community helpers who develop a number of clearly defined areas for Decred: (1) advertising, (2) media, (3) networking, (4) platform management, and (5) special projects.
- 8+ designers work alongside the developers and marketing contractors to develop solutions in disciplines of (1) UX/UI, (2) identity, and (3) visual communications.
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