Trade DCR - DCR Markets, Exchanges, Broker
Decred is a crypto currency, similar to Bitcoin, with a strong focus on community input, open governance and sustainable finance and development. Decred uses a hybridized consensus system to create a balance between miners and users to enable a more robust currency.
It uses a hybrid proof-of-work and proof-of-stake mining system to ensure that a small group cannot dominate the transaction flow or changes to Decred without the consent of the community. A currency unit is called a "decree" (DCR, Decred Coin).
Decred coin - the crypto currency
Decred is a multi-platform digital currency with support for Windows, MacOS and Linux. Easy to use wallet apps allow you to send, receive and mine crypto coins.
Decred allows users to participate directly in the project without the need for expensive mining hardware. The project is bound by the Decred constitution, so users can experience 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 through the forum and formally through the blockchain.
There are three ways to interact with Decred:
The Wallet - For sending and receiving funds and participating in PoS mining.
Through proof-of-work mining - with the computing power to validate transactions on the network and generate new decrypted tokens.
Through Proof-of-Stake Mining - participation based on the Decred Coins that users possess in voting on key network development issues and transaction validation.
The Web Wallet is the easiest way to get started with Decred. All users can access the eWallet online via the website without having to download anything. The Proof of Work Algorithm (PoW) groups transactions into blocks. These blocks are validated by PoW miners. When a block is validated, it becomes an integral part of the decreed network.
Any user can become a miner by freeing his computer resources for the network. In return, the miners are rewarded with Decred Coins. The use of mining pools is somewhat more efficient and convenient. Mining pools are groups of miners who share the work and the reward. Joining a mining pool is an excellent way for smaller miners to get constant payouts for their work.
Unlike PoW, Proof-of-Stake Mining (PoS) requires little computing resources. This works through Decred Funds. They are used to buy voting tickets on the network. Each block represents five tickets. So-called live tickets are randomly selected from the pool to vote on the validity of the previous block. PoS adds an additional level of decentralization to Decred and also allows users to vote on proposed network changes.
Decred Coin - The Company
Decred promotes a multi-stakeholder development ecosystem that integrates participants and empowers them to improve existing system features or develop new approaches. Anyone can submit feature suggestions.
Proposals are then processed by developers to meet the expectations of the community. These activities are funded directly from the Decred Blockchain. Decred builds a superimposed governance organization that goes beyond the miners and users to represent insider and outsider votes in the community.
Decentralization is a process and the decentralized ledger is only the first step in this process. For those who like to develop themselves, Decred offers a full range of command line tools that allow you to customize the Decred experience.
Conclusion
Decentralized processes enable people with different ideas, goals and opinions to shape the future. Part of the reward from new blocks goes into the development of Decred to ensure that it continues to evolve to meet the needs of the community. This keeps the crypto currency adaptable.