Decred (DCR)

Decred (DCR) is the governance token of the Decred blockchain.

Decred (DCR) is the governance token of the Decred blockchain. It also facilitates open community interaction and sustainable funding policies.

Decred is a blockchain that uses a hybrid consensus mechanism. To vote, users "timelock" their DCR to purchase tickets which can be used both for on-chain and off-chain voting.

For on-chain voting, the protocol randomly selects 5 tickets to review the latest block created by the miners. A block is finalized if at least 3 of the 5 tickets vote that the block is valid. After the voting, the DCR is unlocked and returned along with the reward.

Off-chain voting is done on the Politeia platform. This can relate to spending the platform’s treasury funds and changes to the constitutions and policies. The records, proposals, and activities are periodically anchored to the Decred blockchain.

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