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Decred is an autonomous digital currency.

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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.

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 worldÂ’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 DecredÂ’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. DecredÂ’s value is in the people who work on it - together weÂ’re building the decentralized future we want to see.
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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

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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.

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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.

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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.

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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).

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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.

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