Decred — Money Evolved

Decred is Money Evolved.

By combining battle tested Proof-of-Work with an innovative take on Proof-of-Stake that places coin holders in charge of shaping the future, Decred is able to adapt to challenges and innovate at a rapid pace. You acquire influence in Decred by putting “skin in the game”.

Decred’s security, privacy, scalability, and decentralized treasury empower stakeholders and provides them with the tools needed to enhance their financial sovereignty.

Below you will find some links that will answer common questions about Decred and help you to stay up to date with the project.

We're always sharing updates on:

• Twitter

• Telegram

• CoinGecko

• Matrix

• Blockfolio

You can also read our monthly digest in the Decred Journal which is available at: https://medium.com/decred/journals/home.

If you need a Decred wallet: https://decred.org/wallets/

Our desktop wallet Decrediton or the Decred CLI tools are necessary if you wish to stake.

Staking rewards as well as information such as the Decred Treasury balance can be found here: https://dcrdata.decred.org/

We cover the staking process in detail here: https://docs.decred.org/proof-of-stake/overview/

There is also a great video walk through of how to stake on our YouTube channel: https://www.youtube.com/watch?v=olWfTqw16OQ

We also recommend all Decred holders mix their coins to maximize their privacy, see how here: https://www.youtube.com/watch?v=QC65PBNwAK4

All of Decred is open source and the code can be found at https://github.com/decred.

If you're interested in the prospect of becoming a Decred contributor you can learn more about it here: https://docs.decred.org/contributing/overview/

Please familiarize yourself with the rules of r/Decred before posting.

For a Reddit experience with less rules and moderation there is an alternative Decred sub at r/DCR which everyone is welcome to use.

To chat about price, share charts, and technical analysis please use the weekly Trader Talk Thursday thead or head over to Telegram, Discord, or Matrix where we have trading channels.

If you want to trade on DCRDEX our decentralized exchange you can download the client at https://dex.decred.org/.

To view current proposals that are up for discussion/vote as well as historical ones visit https://proposals.decred.org/.

Warning: Admins will never DM you or provide support via DM.

For all support requests please visit the links in the Reddit sidebar, and never share your seed or personal information with anyone.

Decred v1.6 "Hidden Hydra" Deep Dive with Checkmate

Decred investment thesis DiD interview with Murad Mahmudov

Placeholder VC's Decred thesis with Chris Burniske & Alex Evans

Introduction to Decred presented at Coinbase by Jake Yocom-Piatt

Luke Powell on Decred Governance

Group therapy: Post your charts, predictions, grievances, and Bison memes.

This patch release addresses some initial growing pains of our new decentralized mixing infrastructure and makes the process a lot smoother.

It is recommended that all v2.0.0 users upgrade to enjoy its benefits.

You can download our wallets at https://decred.org/wallets/

For more information, check out the v2.0.1 release notes (https://github.com/decred/decred-binaries/releases/tag/v2.0.1)

This is a new major release of dcrd, Decred's full node. Some of the key highlights are:

• Decentralized StakeShuffle mixing
• Higher network throughput
• Lightweight client sync time reduced by around 50%
• Improved initial peer discovery Introduced in 2019 and described in detail in this blog post, Decred's mixing function has been running and providing privacy for DCR holders without incident.

Still, with Decred's iterative approach, work to make the system even more bulletproof started almost immediately, with the next step being the exclusion of the need for a central server to coordinate the coin mixing and removing it as a potential single point of failure.

dcrd v2.0.0 introduces the decentralized StakeShuffle mixnet which, in simple terms, means that coin mixing is now coordinated by each and every up-to-date running instance of the dcrd daemon (or full node), making the process fully peer-to-peer.

You can download our v2.0.0 wallets for the major platforms at https://decred.org/wallets/, and for more information about the release and minor tweaks to make it work with existing command-line setups, check out v2.0.0 release notes.

Happy mixing!

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Join us Sunday 12 May for a state of the market livestream!

https://youtube.com/live/0uGXC1-VMz8

The next release of DCRDEX is likely to be the biggest upgrade to the platform we’ve seen to date.

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* Polygon USDC & BTC for all available pairs!!!

* Dash & Litecoin, two of the most used cryptos

* Firo, a next level privacy coin

* Digibyte, an ultra-high throughput coin

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* Non-custodial Privacy as standard. Click of a button!!!

* Non-custodial staking as standard. Click of a button!!!

* Peer to peer trading with no trading fees!!!

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Cross platform market making bots will be available from day one!!

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Group therapy: Post your charts, predictions, grievances, and Bison memes.

Addressing the misconceptions and misinformation surrounding the non-custodial nature of the Lightning Network.

Is Decred's Lightning Network non-custodial? This question comes up frequently. The short answer is “yes”, but to be more specific we’ll need to look into some general misconceptions, which are plenty. For this discussion, we’ll focus on how Bison Relay has implemented the Lightning Network.

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Watch the video - https://youtu.be/48muAQplR_4

Read the full article - https://www.cypherpunktimes.com/is-decreds-lightning-network-non-custodial/

Group therapy: Post your charts, predictions, grievances, and Bison memes.

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The big question, What can you do with microtransactions, and why could they be the number one use-case for all blockchains? In many respects, this is a significant step for blockchain technology. It’s the area of the tech that has completely failed to this point.

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When people discuss blockchain scaling, they normally allude to the problem of getting a transaction confirmed quickly, cheaply and having enough block space to process plenty of transactions per second. This is indeed an issue, and is definitely one factor that has hindered mainstream and merchant adoption. No one enjoys services that are unpredictable, slow, and expensive.

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Microtransactions are an intense reaction to the blockchain scaling debate. Which basically says, “I want to take the smallest unit available on the network and send it to someone else on the network. The cost for this transaction should also be equal to or less than the smallest unit on the network. This should also happen instantly and have the capacity for hundreds of thousands of transactions per second!”.

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Once this goal has been achieved, microtransactions can open up a world of possibilities, that mitigate the risks of long wait times and high fees. When your transaction is guaranteed to cost a single unit and complete instantly, confidence in using the platform will increase due to this streamlined and predictable user experience.

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Read the full article - https://www.cypherpunktimes.com/microtransactions-and-the-user-experience/

Watch the video - https://youtu.be/P-t0WeD60Og

Hey everybody,

CG from the BasicSwap DEX team once again!

Following our discussion regarding integrating Decred on BasicSwap DEX here on Reddit a few days ago, we've decided to go ahead and publish our proposal on Politeia based on the positive feedback received.

• Proposal: Decred Integration into BasicSwap DEX

The proposal includes all information that define the scope of the proposal, as well as the projected costs and timeline. Additionally, we've included all the questions and answers from our previous discussion for reference.

We'll leave the proposal up for discussion for a while before authorizing voting. If you have a question or a comment, please prioritize leaving it directly on the proposal's page.

We look forward to hearing what you have to say and get to work soon!

Cheers,
CG
BasicSwap DEX Team

The essence of the problem is this. There is an atom wallet with decred coins. It is not possible to remove them in any way. Restoration completely based on the seed phrase takes place only in Guarda (here the decred balance is visible), but even there, constant errors occur during operations with the wallet - it is not possible to transfer funds to another address. Can anyone explain how to do this via dcrwallet - I couldn’t figure it out myself.

Group therapy: Post your charts, predictions, grievances, and Bison memes.

Blockchains that are not preparing for micro transactions have failed to understand what happens at scale. Watch the video

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Part of the scaling debate is the knowledge that at some point in the near future, a large majority of all transactions conducted on blockchains will be micro transactions. These will likely be in the hundreds of thousands per second, this is in direct comparison to what is already being achieved by traditional banking services like Visa, and Mastercard.

A micro transaction is an amount that can be as low as a single unit, for instance, on Decred and Bitcoin this is a single atom or satoshi 0.00000001.

When you consider that most on-chain transactions have a mining fee greater than 1000 units, this is extremely difficult to achieve. For instance, if I sent one unit on the Decred blockchain, it would cost me approximately 2000 units to process this transaction.

This fact alone makes on-chain micro transactions undesirable. Paying a 2000% markup for a single transaction is unacceptable. When you start to factor in other trade-offs including blockchain bloat, you’d be forgiven for thinking, this doesn’t work!

Read the full article - https://www.cypherpunktimes.com/the-future-is-micro-transactions-the-lightning-network/

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Update (14-03-2024): We've published our proposal on Politeia and it's now open to discussion. Should you have any comment or question, please prioritize leaving it on the proposal's page here: https://proposals.decred.org/record/0757fea

Hello,

I'm CG from the BasicSwap DEX team. We've been seeing a growing interest from the Decred community in integrating Decred onto our platform, particularly for enabling XMR <> DCR trading pairs.

For those unfamiliar, BasicSwap is a privacy-centric, cross-chain DEX that leverages atomic swaps for secure, seamless, and fee-less trading (excluding standard on-chain transaction fees). You can learn more about us on our website.

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We are posting here today to first gauge the interest of the broader community for a Decred integration into BasicSwap DEX, including a fully-functioning bidirectional XMR <> DCR pair. Should there be sufficient interest, we're considering submitting a Politeia proposal for funding to make it happen.

The advantages of integrating with BasicSwap DEX for the Decred community are significant and multifaceted. Firstly, the addition of another DEX, in conjunction with DCRDEX, increases the resiliency of the Decred cryptocurrency ecosystem and the distribution of its liquidity. Particularly noteworthy is BasicSwap DEX's support for bidirectional XMR transactions which facilitates a seamless, secure, and cost-free method for users to convert between Decred and Monero. This simplifies access to Monero's privacy features for Decred users, eliminating the need to rely on centralized exchanges and their associated fees. This integration would not only broaden Decred's utility, but also reinforce its privacy capabilities and further increase its level of decentralization.

Based on our preliminary assessments, here’s what full-scale integration could entail (with the possibility of scaling down based on budget, funding, and community needs):

• Adaptor signature swaps for Decred, alongside secret hash/HTLC swaps.
• Full integration of Decred with the full range of our DEX’s features and capabilities.
• Addition of Decred to our automated market-making tool.
• Ensuring compatibility with all supported coins, including Monero and the upcoming LTC MWEB swap integration.
• Production of guides and tutorial videos to ease community onboarding.
• Promotional activities and Decred’s inclusion on BasicSwap’s website.
• Ongoing promotion for Decred’s addition to BasicSwap.
• Continuous maintenance, troubleshooting, and support for Decred on BasicSwap to accommodate both BasicSwap-related and Decred core updates.
• Future inclusion of Decred in BasicSwap-powered products, services, and integrations, such as the integration of Decred as a checkout option (via BasicSwap) on Particl's decentralized marketplace dApp, or the inclusion of Decred on upcoming BasicSwap-powered web services.

Estimated delivery: We estimate delivery to happen 4 to 6 weeks after work begins, although that is still up for change before we publish a formal proposal.

If you've got a comment or opinion on the matter, then please feel free to leave a comment on this post. We're very eager to hear your thoughts and gauge interest in this potential proposal and collaboration. We certainly hope this is a proposal that will be interesting to you all!

Cheers,
CG
BasicSwap DEX Team

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Watch the full video - https://youtu.be/zr_PD2HL9iM

The Lightning Network (LN) has achieved the monumental target of processing thousands of transactions per second at the cost of a single atom per transaction (0.00000001 DCR). But is it to have this functionality in a lightweight non-custodial wallet?

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The answer is yes, it’s already been built and is functioning as intended. Checkout Bison Relay to learn more.

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But what about the anti-Lightning Network narratives? Popular voices in the crypto space are suggesting that the Lightning Network doesn’t work, can’t achieve its goals, and only has full functionality when used through custodial wallet providers. Is this false information?

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Although, this is certainly the case with a lot of popular wallet providers, it doesn’t have to be this way. As said previously, Bison Relay is a good example of this.

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Continue reading - https://www.cypherpunktimes.com/why-is-decreds-client-side-spv-the-perfect-home-for-the-lightning-network/

Realistically how far out are we from developing an iOS-friendly mobile wallet that allows one to use the full features of DCR i.e. staking, voting, shuffling, etc ?? I see that going furthest in helping adoption and usage, more than any marketing efforts