How to stake Decred: Beginner’s Guide

Decred PoS process explained 1) If you are completely new to Decred, read this first: decredible.com/mining/pos 2) Download one of the wallets from Decred’s download page. Recommended wallets are Decrediton or the Command-Line wallet. Your wallet will need time to sync itself to the latest block. This may take some time. It will do so automatically in the background. 3) Send your DCR to your wallet. Funds will show up if the wallet is synced to the latest block (sometimes a restart is required). 4) Pick a stakepool and sign up on the pool’s website. Copy the API key they will provide to you. A list of stakepools and their websites can be found at the bottom of… Read More

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Cyphocracy – the easiest way to explain Decred governance

Decred has a unique governance system. We all know that. Our governance system allows on-chain hard fork voting (for consensus rule changes) and soon we will have a newly developed proposal system (for all kinds of proposals). This way, it is not only up to the miners and developers to determine the future of Decred. Users and stakeholders are also involved in the governance process. In recent discussions on social media we encountered many questions about Decred’s governance system. Most people immediately associate our governance system with a democracy. This connection is understandable because Decred introduced hard fork voting. However, our governance system is not democratic at all. Decred is… Read More

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