Decred was conceived by a team of Bitcoin developers working with legendary Monero developer tacotime.
Their vision was clear: empower coinholders through a unique hybrid proof-of-work and proof-of-stake mining system that blends security, sustainability, decentralization, and user participation.
Decred Puts Coinholders in Control —
Anyone who stakes Decred has direct voting rights on network changes, proposals, and treasury spending. Stakers earn a portion of the block reward for their participation.
Development That Never Stops —
Decred's treasury is self-funded and comes from 10% of the block reward. This funding model ensures that development, marketing, and other project-related activities have a consistent funding source, independent of external capital or sponsors.
Proposals —
Decred's proposal platform is the decision making force behind the Decred DAO. Anyone can submit a proposal to build and get funding from the treasury. All proposals are time-anchored, censorship resistant, and must be approved by stakeholders.
DAO —
The combination of the treasury fund, proposal platform, stakeholder voting, and flexible contractor model allow Decred to operate as a Layer 1 Decentralized Autonomous Organization.
Optional Privacy —
Opt-in privacy with high participation and post-quantum secure cryptography. Coin supply remains auditable and transparent to ensure no hidden inflation.
DEX —
Decred has built its own DEX using atomic-swap technology. This allows users to trade peer-to-peer with no trading fees or KYC. DEX development is funded by the Decred DAO and is completely open-source.
Dual-Layer Security —
Decred's hybrid consensus system is significantly more difficult to 51% attack than pure PoW or PoS systems. To date, Decred has never been majority attacked.
Lightning Network For Scalability —
Decred is the only project other than Bitcoin taking Lightning development seriously for Layer 2 scaling.