Decred (DCR) Price

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About Decred (DCR)

Decred is a blockchain-based cryptocurrency with a strong focus on community input, open governance, and sustainable funding for development. It utilizes a hybrid Proof-of-Work (PoW) and Proof-of-Stake (PoS) mining system to ensure that a small group cannot dominate the flow of transactions or make changes to Decred without the input of the community. A unit of the currency is called a decred (DCR).

Stakeholders make and enforce the blockchain’s consensus rules, set a course for future development, and decide how the project’s treasury is used to fund it. Decred’s blockchain is similar to Bitcoin’s, but with major aspects of governance baked into the protocol.

Decred  is a secure, adaptable and self-funding cryptocurrency with a system of community-based governance integrated into its blockchain. The project mission is to develop technology for the public benefit, with a primary focus on cryptocurrency technology. This constitution defines a set of principles which guide the decision-making of the project’s stakeholders, and describes the processes through which the blockchain and Treasury are governed. 

This document is meant to manage the expectations of prospective and actual Decred users, so that they more clearly understand the social contract between themselves and the project. This document is not intended to take precedence over the Decred network’s consensus rules, should any conflict arise.