What is Decred?
Decred stands for decentralized credits. It is designed to deliver a truly decentralized, fair, and sovereign alternative to traditional money. In the current system, a centralized authority such as a bank or government holds the power. With Decred, the community members own and operate the system, make the rules, and determine the direction of the project.
Decred is similar to Bitcoin. All code is open source and there will only be 21M credits created. This blockchain project is different from Bitcoin in three key ways:
- Secure: Decred is proven to be more expensive to attack than Bitcoin thanks to its hybrid PoW+PoS model that aligns incentives between miners and voters. This ensures long-term stability.
- Adaptable: Decred has built-in formalized governance that allows it to make changes to its consensus rules while avoiding hard forks.
- Sustainable: Decred is funded through block rewards. Stakeholders with skin in the game can vote to authorize spending from the Treasury, which makes the project sustainable in the long-term.
Decred is secure, adaptable, sustainable
The Decred project was created in the spirit of open participation. Everyone can join and contribute. All stakeholders of Decred can decide to take part in the decision-making process.
You are welcome to join the community and co-create the future of finance.
> New to Decred? Get started with a Wallet that suits you!
Decredible.com is designed to make Decred simple and easy to understand.
For the official Decred website, go to decred.org