Jake Yocom-Piatt

Decred is a cryptocurrency that emphasizes governance, aiming to create a network where all participants have equal voting power and influence.

Decred is a hybrid cryptocurrency that combines proof-of-work and proof-of-stake mechanisms, emphasizing community involvement, transparent governance, and self-sustaining development funding through a decentralized treasury. Its consensus and governance systems prevent the concentration of power and ensure community participation in decision-making.

Decred's governance model encourages community participation through proof-of-stake voting, where miners receive only 60% of the block reward, while the remaining 40% is divided between users who stake their wealth and the Decred treasury. Staked funds are locked for 28 days, and at the end of this period, users receive their original stake along with interest and gain voting.

Jake Yocom-Piatt

Decred . Project Lead

Relations

Projects

Decred (Project Lead)