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  • What does our off-chain governance solve? February 21, 2019
    Why would anyone pay DCR to have a smaller pool of participants review their ideas? Why not post on reddit and pay nothing? To me, the market has spoken and Politeia lacks something… What do we think that is? submitted by /u/find34 [link] [comments]
    /u/find34
  • Decred ATM Integration Proposal on Poleteia February 20, 2019
    submitted by /u/cyger [link] [comments]
    /u/cyger
  • Decred community team member Kozel was featured on ITK Crypto, check it out February 20, 2019
    submitted by /u/cryptosi [link] [comments]
    /u/cryptosi
  • Should we scrap the Decred constitution? February 20, 2019
    I started another post to discuss a set of edits to bring the Decred "constitution" into the post-Politeia era. On reddit and in chats, there are plenty of people who have suggested we may not need a constitution at all, and should perhaps scrap the document entirely or call it something else and re-write it. […]
    /u/Richard-Red
  • Notification that my ticket has been used February 20, 2019
    Is there a way to get email notifications? Right now I just log in from time to time to see if my ticket got used yet or not. submitted by /u/foutight [link] [comments]
    /u/foutight
  • Update on the Decred 1.4 release February 19, 2019
    Decred aims to be a self-funded and community-directed digital currency whose security and adaptability make it a superior store of value. To further this mission, the 1.4 software was released to the public. All users, miners, and voters on the Decred network are encouraged to upgrade their software! If a majority upgrades before the 1st […]
    /u/lehaon
  • Politeia Digest Issue 10 - Jan 1 - Feb 18 2018 February 19, 2019
    submitted by /u/Richard-Red [link] [comments]
    /u/Richard-Red
  • Tweet: Decred with Australia's cryptocurrency enthusiasts (photos) February 18, 2019
    submitted by /u/cyger [link] [comments]
    /u/cyger
  • What was Decred Initial Supply? February 18, 2019
    Note: I am talking about Initial Supply here, the coins that were distributed & unlocked when Decred first hit the exchanges 1/ Decred mainnet was launched on Feb 8th 2016, and Decred hit its first exchange (Bleutrade) the same day 2/ The FAQ of the Official Documentation of Decred says the following: The premine consists […]
    /u/adrienbe
  • Proposing an amendment to the Decred constitution February 18, 2019
    The subject of amending the Decred constitution has come up a few times, and it feels like it is time to get on with removing outdated material and replacing it with information about new aspects like Politeia. The recent discussions which spurred this are recorded in this issue in xaur's Decred community issue tracker. I […]
    /u/Richard-Red

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What Is Decred ?

Decred is focused on creating a transparent and evolved cryptocurrency. This project plans on using a community-based governance model that is still based on the blockchain model. This currency can be mined and uses a proof-of-work system.

Decred uses an original unique hybrid system, due to the fact that it’s using proof-of-work. However, it is not always easy for the miners to agree with the rest of the community. In order for this to happen, PoW mixed with PoS for improved results. One of the reasons why Decred is popular is that everyone can mine currency, regarding of whether they own expensive mining software.

 

The project has gained quite a lot of popularity since its September 2015 launch  Its smart technical features and the voting system are designed in such way to benefit its users. The democratic voting system allows for any arising conflicts to be solved quickly.

Furthermore, Decred can easily provide permanent transaction hashes because it separates the signatures of the transaction from its data which is in a way very close to SegWit’s plans for Bitcoin.

 

There are two ways Decred allows users to sign their transactions: off-chain and through Schnorr. These features put Decred above Bitcoin for the later still has a long time until it can implement such practices.

 

Unlike other blockchains, Decred offers a feature that enables transactions to expire when a set period of time has passed. This is possible due to users filling in an expiration date, which protects them from being included in the blockchain when the block reached a certain height. These transactions are cancelled by default when delays occur, such as in confirming them. It is well known that users of both Bitcoin and Ethereum would like this feature available to them as well.

 

These are not all the features planned for Decred. In the future, Decred will have a stakeholder-directed DAO, Lightning Network support, decentralized control over the development of funds, and improved privacy. It should be noted that these features are decided upon by the community and the team of developers. Clearly, this is a project worth following since the mentioned features sound exacting, and will make this cryptocurrency stand out.