In this Discussion with Richard Red....
What is Decred?
- Decred’s hybrid PoW/PoS consensus mechanism, transparent proposal and voting system, and continually funded treasury make it secure, adaptable, and sustainable.
- Every Decred community member with “skin in the game” – stakeholders, developers, and miners – can vote on the direction of the project. Stakeholders collectively determine the policy, development plan, budget, and consensus rule changes. They also approve the miners’ work – effectively aligning interests to ensure the best possible outcome for all.
- As it moves towards becoming a Decentralized Autonomous Organization (DAO), Decred is intentionally designed to fund all the parties involved in its governance. Each block reward compensates miners, stakeholders, and the Treasury, which pays contractors who work on Decred.
- Team: Company Zero, one of the original Decred developers, helped develop btcsuite, an alternative full node Bitcoin implementation written in Go. Their code is highly-regarded in the crypto community and used by many leading projects such as Ethereum, BitGo, Factom, OpenBazaar and the Lightning Network.