Decred is a decentralized cryptocurrency that aims to be more progressive than most other cryptocurrencies. It achieves this by putting the decision power into the hands of the community, where the community governs the blockchain and decides what must be done. Decred offers a hybrid proof-of-work and proof-of-stake mining system. Proof-of-work means that blocks are cryptographically confirmed by computers, while proof-of-stake is when voting tickets are purchased and then used to vote for the validity of blocks. Developers are paid to transparently fulfill certain development requirements that are set by the community. Funding for the payment of developers comes from the transaction fees incurred by transactions on the network. Decred (DCR) is the digital currency used to pay for transaction fees and voting tickets on the blockchain.