The Next Iteration of Bitcoin

Decred inherits Bitcoin's security and scarcity while evolving its governance and sustainability model.

Bitcoin

  • Proof-of-Work security
  • 21M supply cap
  • Decentralized network
  • No formal governance
  • Relies on outside funding
  • Miner-only consensus
  • No built-in privacy

Decred

  • Hybrid PoW/PoS security
  • 21M supply cap
  • Decentralized network
  • On-chain governance
  • Self-funded treasury
  • Stakeholder consensus
  • P2P Privacy Mixnet

Governance Built-In

Stakeholders vote on consensus rules and proposals directly on-chain.

Enhanced Security

Hybrid consensus requires both miners and stakers to secure the network.

Privacy

P2P mixnet enables users to anonymize their DCR.

Sustainable Funding

A Treasury funded from the block reward means no reliance on external parties or capital.

Quick Stats
17.47M DCR
83.2% of max supply
Supply Mined
(21M Max)
11.16M DCR
63.9% of circulating
Supply Staked
872.3K DCR
4.99% of circulating
Treasury
Coinholder Governance

The Power to Choose

Voting on-chain to upgrade the network

On-Chain Voting

Direct stakeholder voting with binding on-chain results

Consensus Upgrades

Vote to approve or reject protocol changes and network upgrades

Skin-in-the-Game

Voting power requires locked capital, aligning decisions with long-term network health

Stakeholder Control

Every ticket holder has a voice in the network's future

True Coinholder Sovereignty

Unlike traditional cryptocurrencies where changes are decided by a small group of developers or miners, Decred gives the power directly to coinholders. Through time-locked tickets, stakeholders vote on-chain to approve consensus rule changes, treasury spending, and network policies. Every vote is recorded on the blockchain and automatically executed—no politics, no compromises, just pure stakeholder governance.

Security Architecture

Dual-Layer Security

Decred's hybrid consensus combines Proof-of-Work and Proof-of-Stake to create a security model that's significantly more resilient than pure PoW chains.

Proof-of-Work

Miners compete to propose new blocks using computational power.

Block Creation

Proof-of-Stake

Stakeholders vote to validate blocks before finalization.

Block Validation

Finalized Block

Only blocks approved by both miners AND stakeholders become part of the chain.

Pure Proof-of-Work

  • 51% attack requires only hashpower
  • Miners have unchecked control over blocks
  • No stakeholder oversight on consensus
  • Single point of failure

Decred Hybrid PoW/PoS

  • Attack requires hashpower AND stake
  • Stakeholders validate every block
  • Checks and balances between parties
  • Exponentially higher attack cost

Result: To attack Decred, an adversary would need to acquire majority hashpower and majority stake simultaneously—making attacks economically impractical.

StakeShuffle

Privacy Mixing

Node-coordinated, non-custodial privacy mixing

No trusted setup 63% of DCR supply is mixed Supply remains auditable
1

Initiate

• A: 10 DCR DCR
• B: 10 DCR DCR
• C: 10 DCR DCR

Nodes submit Decred

2

Key Exchange

Ephemeral Keys Temporary public keys

Nodes coordinate P2P using PQ-cryptography

3

Shuffle

Mixing...

Addresses encrypted & shuffled

4

Sign

CoinJoin TX All nodes sign

Verified by all participants

Broadcast

17M DCR Mixed
• ??? 10 DCR DCR
• ??? 10 DCR DCR
• ??? 10 DCR DCR

Unlinkable outputs

No trusted setup

StakeShuffle requires no trusted setup or third-party coordinators. Fully decentralized privacy.

Supply remains auditable

Total supply stays fully transparent and verifiable on the blockchain. Privacy without hidden inflation.

Blockchain can be pruned

Efficient design allows nodes to prune old data while maintaining security and verification capabilities.

Sustainable Funding

Self-Funding Treasury

10% of every block reward flows directly to the treasury—no foundations, no VCs, just stakeholder-controlled sustainable development.

10%Treasury

Block Reward Distribution

  • 1% Miners
  • 89% Voters
  • 10% Treasury
Treasury Value
$10.5M
DCR Held
872K
Control
100%
Stakeholder

How Treasury Spending Works

1

Propose

Submit on Politeia

2

Discuss

Community debate

3

Vote

60% approval needed

4

Execute

The work is done

5

Treasury Spend

Funds released

View Treasury Balance