Misson

Autonomy is self-rule. Stakeholders make the rules.

Since 2016, Decred has striven to solve blockchain governance. Our innovative consensus voting model empowers stakeholders and allows for the seamless transition from one set of rules to another. Decentralized decision-making and self-funding have enabled us to build a robust, evolving digital currency, free from third party influence.
6 173 599 of total 21 000 000 DCR
29.4%  mined so far

Built from 100% proven open-source technology.

Our modular codebase offers unique adaptability and can scale to the latest blockchain technology. Decred’s technology enabled the world’s first successful direct on-chain user-activated consensus vote. This represents a revolutionary approach to stakeholder governance where our community directs the project and makes decisions together.

Empowering individuals, groups, and companies.

We are community-powered. Stakeholders who participate in Decred’s decision-making are rewarded for their efforts. Sustainable funding and a resilient contractor model allow for anyone to join Decred at any time and engage in its governance. Decred’s value is in the people who work on it - together we’re building the decentralized future we want to see.
“Decred is an innovative crypto with some amazing developers."
Jimmy Song, Bitcoin Developer
Platform
Features for the future.
Decred is built to last. Our development activity and quality are among the highest in the space. Features of the Decred software include:

  • An innovative hybrid proof-of-work (PoW) proof-of-stake (PoS) consensus voting system
  • A censorship-resistant blockchain-anchored public proposal platform
  • Smart contracts that work such as Lightning Network
  • Cross-chain atomic swaps between different digital currencies
  • Cross-platform wallets for ease of use
Consensus Voting
Decred uses an innovative hybrid proof-of-work (PoW) proof-of-stake (PoS) system to give stakeholders decision-making power about the set of consensus rules to activate. This allows for a seamless transition from one set of rules to another while keeping the existing blockchain ecosystem intact.
Atomic Swaps
Decred does not require reliance on centralized exchanges. With cross-chain atomic swaps between different digital currencies, users can conduct trustless over-the-counter (OTC) trades without a third party.
Politeia
Decred uses a censorship-resistant blockchain-anchored public proposal platform, which empowers users to submit their own projects for self-funding from DCR’s block subsidy. Politeia (Pi) ensures the ecosystem remains sustainable and thrives.
Lightning Network
Decred implements smart contracts that work. Lightning Network (LN) is one such application of a low-latency off-chain system that allows for near-instant micropayments in DCR. With LN, Decred directly competes with existing fiat payment systems.
Cross-platform Wallets
Decred features accessible wallets through graphical user interfaces (GUIs) across all major operating systems (Windows, macOS, and Linux). For more technical users, command line interface (CLI) wallets are also available.
Soon™
Decred enjoys active development. Current milestones include a full stakeholder-directed decentralized autonomous organization (DAO) and enhanced user privacy.
Free and
Open-Source Software
All software developed as part of Decred shall be free and
open source-software.
Incremental Privacy and Security
Privacy and security technology shall be implemented on a continuing and incremental basis, both proactively and on-demand in response to attacks.
Free Speech and Consideration
Everyone has the right to communicate opinions and ideas without fear of censorship. Consideration shall be given to all constructive speech that is based in fact and reason.
Multi-Stakeholder Inclusivity
Inclusivity represents a multi-stakeholder system and an active effort shall be maintained to include a diverse set of views and users.
We’re bound by the following guiding principles.
These principles have been established in an effort to create an equitable and sustainable framework within which to achieve Decred's goal to be an autonomous and decentralized currency where all stakeholders have a real voice.

This tour will help you get started with Decred

Overview

Decred is a multi-platform digital currency with support for Windows, macOS, and Linux. Easy-to-use wallet apps enable sending, receiving, and mining Decred with just a few clicks.

For those who like to tinker, Decred provides a full suite of command line tools allowing customization of the Decred experience.

Continue Back
Basics

There are three main ways to interact with Decred:

The Wallet - For sending and receiving funds as well as participating in PoS mining.

Proof-of-work Mining - Using computing power to validate transactions on the network and generate new Decred tokens.

Proof-of-stake Mining - Using funds to vote on important network development matters and validate transactions for rewards.

Continue Back
Wallets

The Web Wallet is the easiest way to get started with Decred. All users can access it online via wallet.decred.org, without the need to download anything.

For Windows, macOS, and Linux users, Decrediton wallet is available.

For help getting started you can visit our Beginner’s Guide.

Continue Back
Send/Receive

An address is the only thing needed to send or receive funds. It can be easily generated from any Decred wallet. Decred addresses always begin with D and contain 26-36 alphanumeric characters.

After a transaction is made, funds will usually clear in about 5 minutes. There is a small fee to help with the upkeep of the network. This fee is in addition to the transaction amount. That is, a transfer of 100DCR would incur a fee of about 0.006DCR.

The block explorers mainnet.decred.org and explorer.dcrdata.org allow users to search all the blocks and transactions in the Decred blockchain.

Continue Back
Mining

The term mining represents the process of validating transactions on the Decred network and keeping it secure. In return for work, miners are rewarded with newly generated Decred coins.

Decred has two methods of validating transactions: Proof-of-work (PoW) and Proof-of-stake (PoS).

Continue Back
Proof-of-Work

In Proof-of-work (PoW) transactions are grouped into blocks. These blocks are validated by PoW miners. When a block is validated it becomes a permanent part of the Decred network.

You can become a miner by dedicating spare computing resources to the network. In return miners are rewarded with Decred.

For efficiency and convenience you can join mining pools. The pools are groups of miners who share the work and split the reward. Joining a mining pool is an excellent way for smaller contributors to receive consistent payouts for their work.

Continue Back
Proof-of-Stake

Unlike PoW, Proof-of-stake mining (PoS) requires little computing resources. Decred funds are used to purchase voting tickets on the network. In every block, five tickets from the pool of live tickets are chosen at random to vote on the validity of the previous block.

PoS adds an extra layer of decentralization to Decred and allows users to vote on suggested network changes. Pools are also available for PoS to ensure your tickets are ready to vote whenever they're called.

Continue Back
Buying/Trading

Decred is still new, and at this time, the easiest way to purchase it is with Bitcoin. Once you have some Bitcoin, it can be traded for Decred at digital currency exchanges.

Continue Back
Community

Through decentralized processes, people with different ideas, goals, and opinions can help shape the future. You will likely have some questions, so come join our growing community, where you can connect with developers and other users, get information, ask questions, or just hang out. We have a user forum, IRC channel, Telegram channel, and Slack channel where you can chat with the developers and other users in real time. Don't forget Twitter and Reddit. We can't wait to meet you!

Continue Back
Plans

Part of the reward from new blocks goes towards the development of Decred to ensure that it will continually evolve to meet the needs and wants of the community now and in the years to come. These are just some of the features planned for 2017:

  • Hard fork voting
  • A stakeholder-directed DAO
  • Decentralized control of development funds
  • Lightning network support
  • Continuous UI and Design development
  • Enhanced privacy
  • Payment integration

Read about these and more on our blog. Welcome to Decred: the future of autonomous digital currency

Continue Back