Decred $DCR

  • **Key Feature: ** Onchain governance through voting

  • Programming Language:Golang

  • Consensus Mechanism: Hybrid PoW & PoS (PoS, Proof of stake)

  • No ICO;

    • * The premine* consists of 8% of the total supply of 21 million coins (1.68 million coins). ^{}This was split equally between compensation for bring-up costs and an “airdrop”.

      • Bring up costs (840,000 coins, 50% of premine, 4% of total Decred supply). This means Company 0 and its developers will have put roughly USD 415,000 into the bring-up since April, 2014 and receive 4% of the total supply, 840,000 coins (at USD 0.49 per coin). Coins held by Company 0 will be used to fund its ongoing work on open source projects, such as Decred and btcsuite
      • Airdrop (840,000 coins, 50% of premine, 4% of total Decred supply). The airdrop concluded with awarding 282.63795424 DCR to 2972 participants
      • More :  https://docs.decred.org/faq/general/

    • *Dev Fee: * 10% of all block rewards are given to a project Treasury fund, administered by a development organization

  • Hashing Function: BLAKE256

  • Innovation:  *Decentralized governance (On-Chain)* ( https://proposals.decred.org/)

  • The main Decred development group started as the Bitcoin developers who develop  btcsuite, a widely respected  *Bitcoin implementation in Golang* that has been used by several high-profile projects including, but not limited to, Ethereum, Factom, BitGo, OpenBazaar, and the Lightning Network. ^{}

  • Decred is an autonomous digital currency. With a hybrid consensus system, it is built to be a decentralized, sustainable, and self-ruling currency where stakeholders make the rules.

  • Mission:  Autonomy is self-rule. Stakeholders make the rules.

  • Decentralization:

    • Proof of work & Proof of stake
    • *Consensus Voting  *Decred uses an innovative hybrid proof-of-work (PoW) proof-of-stake (PoS) system to give stakeholders decision-making power about the set of consensus rules to activate. This allows for a seamless transition from one set of rules to another while keeping the existing blockchain ecosystem intact.
    • **Decentralized governance (On-Chain): ** *Politeia (Pi)* is a platform that supports Decred’s governance.
      • Pi is a censorship-resistant blockchain-anchored public proposal system, which empowers users to submit their own projects for self-funding from DCR’s block subsidy.
      • It facilitates the submission, tracking, and discussion of Decred governance proposals by the stakeholder community.
      • Pi ensures the ecosystem remains sustainable and thrives.
      • Decred’s approach to decision-making is grounded in the principle of stakeholder voting.
      • To vote, stakeholders must time-lock DCR to buy tickets. While tickets are live they can be used to cast a vote for or against each open Politeia proposal.
      • *Decred is community-powered.* Stakeholders who participate in Decred’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. Decred’s value is in the people who work on it.

  • Scalability:

    • Lightning Network  * Lightning Network (LN) is one such application of a low-latency off-chain system that allows for near-instant micropayments in DCR. (Note:  *Lightning Network is a centralized scaling solution)

  • *Atomic Swaps* Decred does not require reliance on centralized exchanges. With cross-chain atomic swaps between different digital currencies, users can conduct trustless over-the-counter (OTC) trades without a third party.

  • Traded on:  Gate.io* ,  *Binance ,  Bittrex

  • Community: