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https://docs.decred.org/

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10 September 2026 at 03:59 UTC

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Decred Documentation 
 Skip to content
 Decred Documentation
 Introduction to Decred
 Initializing search
 decred/dcrdocs
 Decred Documentation
 decred/dcrdocs
 Introduction to Decred
 Introduction to Decred
 Table of contents
 What is Decred?
 How Does it Work?
 Getting Started
 Getting Started
 Beginner's Guide
 Project History
 Obtaining DCR
 Using the Block Explorer
 Joining Matrix
 Articles & Media
 Business Brief
 Governance
 Governance
 Governance Overview
 Politeia
 Politeia
 Politeia Overview
 Proposal Guidelines
 Example Proposals
 Censorship
 Consensus Rule Voting
 Consensus Rule Voting
 Consensus Rule Voting Overview
 How to Vote
 Verifying Votes
 Consensus Vote Archive
 Decred Constitution
 Wallets
 Wallets
 Decrediton (GUI)
 Decrediton (GUI)
 Decrediton Setup
 Using Decrediton
 Upgrading Decrediton
 Migrations
 Trezor Wallets
 Troubleshooting Problems
 CLI Wallet
 CLI Wallet
 CLI Installation
 OS Differences
 Startup Basics
 dcrd Setup
 dcrwallet Setup
 dcrctl Basics
 Buying Tickets
 dcrd and dcrwallet CLI Arguments
 dcrctl RPC Commands
 SPV
 Hardware Wallets
 Mobile Wallets
 Proof-of-Stake Voting
 Proof-of-Stake Voting
 PoS Voting Overview
 How to Stake
 Redeem Script
 Proof-of-Work Mining
 Privacy
 Privacy
 General Privacy
 CoinShuffle++
 CoinShuffle++
 CoinShuffle++ Overview
 How to use CSPP
 Lightning Network
 Lightning Network
 Lightning Network Overview
 Backups
 Watchtowers
 dcrlncli
 dcrlncli
 Options and Commands
 Autopilot Commands
 Autopilot Commands
 autopilot
 Channel Commands
 Channel Commands
 openchannel
 closechannel
 closeallchannels
 abandonchannel
 channelbalance
 pendingchannels
 listchannels
 closedchannels
 getnetworkinfo
 feereport
 updatechanpolicy
 exportchanbackup
 verifychanbackup
 restorechanbackup
 Graph Commands
 Graph Commands
 describegraph
 getnodemetrics
 getchaninfo
 getnodeinfo
 Invoice Commands
 Invoice Commands
 addinvoice
 lookupinvoice
 listinvoices
 decodepayreq
 cancelinvoice
 addholdinvoice
 settleinvoice
 Macaroon Commands
 Macaroon Commands
 bakemacaroon
 listmacaroonids
 deletemacaroonid
 listpermissions
 printmacaroon
 On-chain Commands
 On-chain Commands
 estimatefee
 sendmany
 sendcoins
 listunspent
 listchaintxns
 Payment commands
 Payment commands
 sendpayment
 payinvoice
 sendtoroute
 listpayments
 queryroutes
 fwdinghistory
 trackpayment
 querymc
 queryprob
 resetmc
 buildroute
 Peer commands
 Peer commands
 connect
 disconnect
 listpeers
 Startup commands
 Startup commands
 create
 unlock
 changepassword
 Wallet commands
 Wallet commands
 newaddress
 walletbalance
 signmessage
 verifymessage
 wallet
 Watchtower commands
 Watchtower commands
 tower
 wtclient
 FAQ
 FAQ
 General FAQs
 Configuration FAQs
 Wallets and Seed FAQs
 Block FAQs
 Common Errors and Solutions
 PoS
 PoS
 General PoS FAQs
 Solo Voting FAQs
 Buying Tickets and Fee FAQs
 Voting Service Provider FAQs
 Advanced
 Advanced
 Manual CLI Installation
 dcrtime
 Verifying Binaries
 Premine
 Issuance
 Deleting Your Wallet
 Navigating Politeia Data
 Solo Proof-of-Stake (PoS) Voting
 Running a Full Node
 Security
 Atomic Swaps
 Decred Seed and BIP-0039
 Secure Cold Wallet Setup
 Research
 Research
 Research Overview
 Hybrid Design
 Decentralized Stake Pooling
 Elliptic Curve Signature Algorithms
 BLAKE-256 Hash Function
 Signature Script Isolation and Fraud Proofs
 Block Production Times
 Schnorr Signatures
 Miscellaneous Improvements
 Contributing
 Contributing
 Contributing Overview
 Contributor Compensation
 Glossary
 About
 About
 License
 Table of contents
 What is Decred?
 How Does it Work?
 Introduction to Decred
 What is Decred?
 Decred (/ˈdi:ˈkred/, /dɪˈkred/, dee-cred) is a blockchain-based cryptocurrency with a strong focus on community input, open governance, and sustainable funding for development. It utilizes a hybrid Proof-of-Work (PoW) and Proof-of-Stake (PoS) mining system to ensure that a small group cannot dominate the flow of transactions or make changes to Decred without the input of the community. A unit of the currency is called a decred (DCR).
 How Does it Work?
 Stakeholders make and enforce the blockchain’s consensus rules, set a course for future development, and decide how the project’s treasury is used to fund it. Decred’s blockchain is similar to Bitcoin’s, but with major aspects of governance baked into the protocol.
 To align incentives, block rewards are split between Proof-of-Work (PoW) miners, stakeholders and the Decred Treasury, which funds the project.
 Subsidy 
 Party 
 1% 
 PoW Miners 
 89% 
 PoS Voters 
 10% 
 Decred Treasury 
 Proof of Work miners play a similar role for Decred as they do for Bitcoin, but with Decred they only receive 1% of the block reward.
 Proof of Stake voting is central to Decred’s governance. Decred holders can time-lock (or “stake”) DCR to obtain voting tickets. Tickets are randomly called to vote on-chain; this involves both approving the work of PoW miners and voting Yes/No on any open rule change proposals . 89% of the block reward goes to the holders of the tickets that voted in that block.
 The remaining 10% of the block reward goes into the Decred Treasury .
Holders of live tickets decide how that treasury is used through Politeia proposals and voting .
 The Decred Constitution sets out some guiding principles for the project; the constitution is subject to amendment through Politeia proposals.
 If you wish to improve this site, please open an issue or send a pull request . dcrdocs v0.0.3. Decred Project 2016-2025.
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