Decred FAQ: What is DCR? Why was this cryptocurrency created?

What is Decred?

DCR is community money.

Who created Decred?

Why was Decred created?

Is Decred a fork of Bitcoin?

When did Decred go live?

How does Decred work?

How is Decred different from Bitcoin?

  1. Secure: Decred is proven to be more expensive to attack than pure PoW thanks to its hybrid PoW+PoS model that aligns incentives between miners and voters. This ensures long-term stability.
  2. Adaptable: Decred has built-in formalized governance that allows it to make changes to its consensus rules while avoiding hard forks.
  3. Sustainable: Decred is funded through block rewards. Only stakeholders with actual skin in the game can vote to authorize spending from the Treasury, which makes the project sustainable in the long-term.

Can I make money with Decred?

Why haven’t I heard more of Decred?

What‘s on the roadmap?

Further study

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