expert reviewed cryptocurrency Decred logo

Decred

Decred is a hybrid PoW/PoS cryptocurrency with a focus on on-chain governance. Decred holders have the ability to stake tokens and validate new blocks on the chain. Decred holders can both validate transactions as well as vote on network upgrades.

🔑 83%

Reviews for Decred

🔑 10 positive | 💩 2 negative

🔑

I’m supportive of Decred’s efforts to add privacy, because there are actual development chops there, and Decred doesn’t appear overly scammy.

2018-03-31 | Full Review

🔑

Decred, besides being a really interesting concept, is being executed at a very high level by one of the friendliest and coolest teams out there.

2018-04-24 | Full Review

🔑

One of the few coins I'm excited about, with an innovative solution to decentralized governance. Decred is basically Dash done right. 😂 Consensus is more decentralized than Dash and is enforced.

2017-03-15 | Full Review

💩

Decred is not worth spending time and resources pursuing because it does not present anything unique or worthwhile.

2015-12-29 | Full Review

🔑

Decred provides unique features that are not currently available to Bitcoin and has a strong focus on development.

Linda Xie, Co-founder and Managing Director at Scalar Capital

2017-10-16 | Full Review

🔑

But many other protocols have been born of true differentiation. Consider Decred — created by former Bitcoin developers who wanted to fix things they didn't like about BTC. They added governance, PoW/PoS hybrid — which may be more secure than PoW — and now, privacy.

Ari Paul, Co-founder and CIO of BlockTower Capital

2018-07-17 | Full Review

🔑

While Decred remains somewhat under the radar, there are many reasons to be bullish about the cryptocurrency’s future. In all of our interactions with the Decred team, we’ve been impressed with the consistent candor of their culture, earnest commitment to the network, and, in Jimmy Song’s words, roster of “amazing developers.”

2018-05-12 | Full Review

🔑

Decred is actually a cool example of some stuff that Bitcoin will never implement. I don’t own any at the moment but like the project a lot.

2018-07-10 | Full Review

💩

I’m skeptical of [hybrid POW/POS systems like Decred]. I’m open to it potentially working, but, to me, Bitcoin is really a mechanism to convert electricity into financial reliability. If you start to inject protocols with some energy and some voting . . . I struggle to see how that’s more efficient or better somehow or creates better reliability than what Bitcoin does.

2018-09-11 | Full Review

🔑

I think Decred is among the top five projects in the space. Quality team. High cost of mounting the attack. An interesting experiment in governance. I’m just not quite sure yet that on-chain governance is the way to go. For maximum social scalability, you want to automate as much as possible.

2018-06-28 | Full Review

🔑

Decred is a functioning test bed for how to do proof of stake with governance. I’m a big fan.

Garry Tan, Co-founder and Managing Partner at Initiaized

2018-05-12 | Full Review

🔑

Decred’s killer feature is good governance, and with good governance, you can have any feature you want.

2018-10-16 | Full Review