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A Hybrid Autonomous Digital Currency.
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Decred is a hybrid blockchain featuring both Proof of Work (PoW) and Proof of Stake (PoS). 60% of block rewards go to PoW Miners, 30% go to PoS ticket holders, and 10% of block rewards go to fund the team treasury.
Decred adopts several design elements from Bitcoin, such as its 21 million total supply. However, its block-time is only 5 minutes (compared to 10 for bitcoin), its difficulty readjusts every 12 hours (144 blocks), and its block reward decreases by 1% every 21 days, a more gradual decrease than bitcoin's halvings every 4 years.
Decred holders bundle their DCR holdings into tickets, which represent the bundled staked DCR. These tickets allow users to participate in validating blocks and earning the portion of staking rewards, in addition to participating in governance.
Decred features Politeia, a proposal system by which Decred ticket holders can participate in governing the treasury of the project.