What is DCR

1. Project Introduction Decred is a blockchain-based cryptocurrency focused on open governance, community engagement, and sustainable funding. It uses a hybrid Proof-of-Work (PoW) and Proof-of-Stake (PoS) consensus system to prevent any minority group from unilaterally controlling the network. Originating from a 2013 Bitcointalk proposal called Memcoin2, Decred officially launched its mainnet on February 8, 2016. The hybrid consensus ensures enhanced security, resistance to 51% and long-range attacks, and better scalability due to PoS’s low energy requirements. Features like atomic swaps and privacy tools further enhance Decred’s security and usability. 2. Team & Investment Info Led by Jake Yocom-Piatt, who, along with his team, had previously contributed to an alternative Bitcoin client before launching Decred in 2014 due to concerns about Bitcoin’s lack of community inclusion. Funding: On June 14, 2018, Decred raised funding from BlueYard Capital, Placeholder, Inflection.xyz, and Block Ventures. 3. Social Media URLs X: https://x.com/decredproject Discord: https://discord.com/invite/dXSmwvYury Medium: https://medium.com/decred YouTube: https://www.youtube.com/@DecredTV 4. Token Info Token Symbol: DCR Max Supply: 21,000,000 Token Type: Decred Mainnet Block Explorer: https://dcrdata.decred.org/ Token Distribution: 8% premined 92% mined through hybrid PoW/PoS system 5. Related Links Official Website: https://decred.org/ White Paper: https://docs.decred.org/ LinkedIn: https://www.linkedin.com/company/decredproject/ Other Info: https://www.rootdata.com/Projects/detail/Decred?k=MTc%3D