CoinpediaBHV: Decred

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.

Their 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.

They 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 they’re building the decentralized future we want to see.

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

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.

Cross-platform Wallets

Decred features accessible wallets through graphical user interfaces (GUIs) across all major operating systems (Windows, macOS, and Linux). For more technical users, command line interface (CLI) wallets are also available.

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.