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).

Main sectors: Tokenization

Main applications: Disintermediation and decentralized networks; Digital Tokens

Established in: 2016

URL: https://decred.org/

Organisation: Decred

Organisation type: N/A

Founders: N/A

Partners: N/A

Country: N/A

City: N/A

Stage of project: Pilot

Geographical reach: International

DLT / Blockchain: Public – New

Other technologies: N/A

Whitepaper: https://docs.decred.org/research/overview/

Github: https://github.com/decred

Twitter: https://twitter.com/decredproject

This project is part of the #DLT4Good Scanning. ‘#DLT4Good: Co-creating a European Ecosystem of Distributed Ledger Technologies for Social and Public Good’ is a forward-looking science for policy project supported by the European Parliament, and coordinated by the Joint Research Centre (JRC) in cooperation with the Directorate-General for Communications Networks, Content & Technology (DG CONNECT). Learn more about #DLT4Good.