More information about DECRED
About
Decred is an autonomous digital currency.
Decred is a multi-platform digital currency with support for Windows, macOS, and Linux. Easy-to-use wallet apps enable sending, receiving, and mining Decred with just a few clicks.
For those who like to tinker, Decred provides a full suite of command line tools allowing customization of the Decred experience.
There are three main ways to interact with Decred:
- The Wallet - For sending and receiving funds as well as participating in PoS mining.
- Proof-of-work Mining - Using computing power to validate transactions on the network and generate new Decred tokens.
- Proof-of-stake Mining - Using funds to vote on important network development matters and validate transactions for rewards.
The Web Wallet is the easiest way to get started with Decred. All users can access it online via wallet.decred.org, without the need to download anything. For Windows, macOS, and Linux users, Decrediton wallet is available.
An address is the only thing needed to send or receive funds. It can be easily generated from any Decred wallet. Decred addresses always begin with D and contain 26-36 alphanumeric characters.
After a transaction is made, funds will usually clear in about 5 minutes. There is a small fee to help with the upkeep of the network. This fee is in addition to the transaction amount. That is, a transfer of 100DCR would incur a fee of about 0.006DCR.
The block explorers mainnet.decred.org and explorer.dcrdata.org allow users to search all the blocks and transactions in the Decred blockchain.
Since 2016, Decred has striven to solve blockchain governance. Our innovative consensus voting model empowers stakeholders and allows for the seamless transition from one set of rules to another. Decentralized decision-making and self-funding have enabled us to build a robust, evolving digital currency, free from third party influence.
Our modular codebase offers unique adaptability and can scale to the latest blockchain technology. Decred’s technology enabled the world’s first successful direct on-chain user-activated consensus vote. This represents a revolutionary approach to stakeholder governance where our community directs the project and makes decisions together.
We are 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 - together we’re building the decentralized future we want to see.
Features for the future
Decred is built to last. Our development activity and quality are among the highest in the space. Features of the Decred software include:
- An innovative hybrid proof-of-work (PoW) proof-of-stake (PoS) consensus voting system
- A censorship-resistant blockchain-anchored public proposal platform
- Smart contracts that work such as Lightning Network
- Cross-chain atomic swaps between different digital currencies
- Cross-platform wallets for ease of use
Mining
The term mining represents the process of validating transactions on the Decred network and keeping it secure. In return for work, miners are rewarded with newly generated Decred coins. Decred has two methods of validating transactions: Proof-of-work (PoW) and Proof-of-stake (PoS).
In Proof-of-work (PoW) transactions are grouped into blocks. These blocks are validated by PoW miners. When a block is validated it becomes a permanent part of the Decred network. You can become a miner by dedicating spare computing resources to the network. In return miners are rewarded with Decred. For efficiency and convenience you can join mining pools. The pools are groups of miners who share the work and split the reward. Joining a mining pool is an excellent way for smaller contributors to receive consistent payouts for their work.
Unlike PoW, Proof-of-stake mining (PoS) requires little computing resources. Decred funds are used to purchase voting tickets on the network. In every block, five tickets from the pool of live tickets are chosen at random to vote on the validity of the previous block. PoS adds an extra layer of decentralization to Decred and allows users to vote on suggested network changes. Pools are also available for PoS to ensure your tickets are ready to vote whenever they're called.
Decred is a multi-platform digital currency with support for Windows, macOS, and Linux. Easy-to-use wallet apps enable sending, receiving, and mining Decred with just a few clicks.
For those who like to tinker, Decred provides a full suite of command line tools allowing customization of the Decred experience.
There are three main ways to interact with Decred:
- The Wallet - For sending and receiving funds as well as participating in PoS mining.
- Proof-of-work Mining - Using computing power to validate transactions on the network and generate new Decred tokens.
- Proof-of-stake Mining - Using funds to vote on important network development matters and validate transactions for rewards.
The Web Wallet is the easiest way to get started with Decred. All users can access it online via wallet.decred.org, without the need to download anything. For Windows, macOS, and Linux users, Decrediton wallet is available.
An address is the only thing needed to send or receive funds. It can be easily generated from any Decred wallet. Decred addresses always begin with D and contain 26-36 alphanumeric characters.
After a transaction is made, funds will usually clear in about 5 minutes. There is a small fee to help with the upkeep of the network. This fee is in addition to the transaction amount. That is, a transfer of 100DCR would incur a fee of about 0.006DCR.
The block explorers mainnet.decred.org and explorer.dcrdata.org allow users to search all the blocks and transactions in the Decred blockchain.
Since 2016, Decred has striven to solve blockchain governance. Our innovative consensus voting model empowers stakeholders and allows for the seamless transition from one set of rules to another. Decentralized decision-making and self-funding have enabled us to build a robust, evolving digital currency, free from third party influence.
Our modular codebase offers unique adaptability and can scale to the latest blockchain technology. Decred’s technology enabled the world’s first successful direct on-chain user-activated consensus vote. This represents a revolutionary approach to stakeholder governance where our community directs the project and makes decisions together.
We are 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 - together we’re building the decentralized future we want to see.
Features for the future
Decred is built to last. Our development activity and quality are among the highest in the space. Features of the Decred software include:
- An innovative hybrid proof-of-work (PoW) proof-of-stake (PoS) consensus voting system
- A censorship-resistant blockchain-anchored public proposal platform
- Smart contracts that work such as Lightning Network
- Cross-chain atomic swaps between different digital currencies
- Cross-platform wallets for ease of use
Mining
The term mining represents the process of validating transactions on the Decred network and keeping it secure. In return for work, miners are rewarded with newly generated Decred coins. Decred has two methods of validating transactions: Proof-of-work (PoW) and Proof-of-stake (PoS).
In Proof-of-work (PoW) transactions are grouped into blocks. These blocks are validated by PoW miners. When a block is validated it becomes a permanent part of the Decred network. You can become a miner by dedicating spare computing resources to the network. In return miners are rewarded with Decred. For efficiency and convenience you can join mining pools. The pools are groups of miners who share the work and split the reward. Joining a mining pool is an excellent way for smaller contributors to receive consistent payouts for their work.
Unlike PoW, Proof-of-stake mining (PoS) requires little computing resources. Decred funds are used to purchase voting tickets on the network. In every block, five tickets from the pool of live tickets are chosen at random to vote on the validity of the previous block. PoS adds an extra layer of decentralization to Decred and allows users to vote on suggested network changes. Pools are also available for PoS to ensure your tickets are ready to vote whenever they're called.
https://www.decred.org
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