Decred enables open governance, promotes interaction with the community, and ensures sustainable fiscal policy. Many of the fundamental principles of Bitcoin, the first and most well-known cryptocurrency, are embedded in its DNA. Like Bitcoin, Decred also aims to make financial transactions decentralized and secure.
The unique feature of Decred is its strict inclusion of the community in the governance of the network. Decisions about transactions and changes to the protocol must be approved by the community, making it impossible for large owners of Decred coins to manipulate the protocol at will. This focus on decentralized control and management sets Decred apart from many other cryptocurrencies.
Decred's structure emphasizes the equality of its users and long-term sustainability. This structure is an essential part of the philosophy behind Decred and a significant difference from other cryptocurrency projects often controlled by a central development team. Decred places great importance on achieving genuine and tangible decentralization and giving every user a voice.
Decred is, therefore, more than just a cryptocurrency. It is a platform that aims to democratize and decentralize the financial system. It is an attempt to put power back into the hands of users and increase transparency and accountability in the world of cryptocurrencies.
