DCR digital currency - is a Decred protocol currency aimed at facilitating open governance, community interaction, and sustainable finance policies. It is based on the blockchain and was launched in February 2016.
Decred is built in such a way that the community approves all transactions and changes made in relation to the protocol. Hence there is no way for large holders of securities to manipulate the operation of the protocol. Decred was heavily influenced by Bitcoin and used many of the core principles of the original digital currency.
DCR digital currency project
Decred has also created a dedicated voting platform called Politeia, which allows users to participate in voting, submit suggestions and start discussions.
Decred uses a hybrid consensus mechanism that combines the Proof of Work and Proof of Stake models.
It is an innovative project because it bets on the decentralized nature of blockchain technology to prevent monopoly of voting status in the project itself.
One of the main goals of the Decred Protocol is to ensure that all holders of the DCR token have the same amount of decision-making power and that large institutions cannot swing votes in their favor.
By offering ticket holder voting, Decred ensures that people with enough DCR token will have the opportunity to participate in voting on decisions regarding the future and operations of the company.
