Decred is a hybrid blockchain platform that uses a combination of proof-of-work (PoW) and proof-of-stake (PoS) protocols. On December 15, 2015, the project’s creators first suggested the concept of Decred on Bitcointalk, an open platform for blockchain and crypto-focused discussions. Decred claims to make his network more stable and costly to attack than PoW or PoS blockchains by using a hybrid protocol for the blockchain. DCR is the crypto token of the network itself and its built-in governance mechanism enables token holders to make decisions relevant to any project changes.
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