What is Decred?

No no no... Its not one of those 1000 bitcoin-wannabe crypto currencies!
Its different. I am gonna prove it.

So what makes Decred unique?

You might be wondering why another cryptocurrency in the first place.. Well, when Bitcoin was originally released, they were working in a market that didn't even exist yet. There were flaws in the concept that needed to be fixed. Bitcoin wasn't a failure, it changed the idea of currency for better or for worse. While a more extensive list of Decred's innovative features can be found on their website, the entire currency is mainly based on the idea eliminating the possibility of any centralized decision making by a handful of people. The idea of combining the very best of proof-of-work and proof-of-stake Blockchains in an attempt to utilize both systems is being implemented in Decred.

For more detailed info on the technical aspects checkout their thread on bitcointalk:
https://bitcointalk.org/index.php?topic=1290358.0

One of the most interesting things I like about Decred is their Funding Strategy.
The cryptocurrency itself is self-funding!!

So, rather than asking interested people for donations, the network will give a percentage to the developers for their contributions. This will help bring in more talented people into the development of Decred and the currency will self-sustain.

Decred includes a mechanism for self-funding development to ensure the project is and remains sustainable. A major sticking point for many open-source projects is that they require funding to survive, meaning they typically need to ask for donations and are limited by the funding they receive. To ensure that Decred remains free from the problems related to lack of funding, Decred's consensus rules include a 10% development subsidy in each block that is paid to a development organization on an ongoing basis.  - Source: wiki.decred.org

A digital currency that will attempt to shift the traditional dominance that proof-of-work miners have over the network to a more harmonious relationship with other users of the software. It is through this relationship between miners and users that Decred believes an environment is created that makes sustainable funding for the development of the software possible. "A consensus rule supported by miners and users that makes funds available for the development of the software through its use frees current and future developers from obligations to outside parties and keeps them beholden only to their userbase. If users are unhappy with development, they finally have a means to communicate their discontent in a way that has effect through a vote in the blockchain. This sets the stage for a system of community-based open governance directly connected to developers", said Jake Yocom-Piatt, CEO at Company 0, who has funded development of btcsuite since early 2013.

If that isn't BRILLIANT!!! I dont know what is.

Less than 22 hours left for the Mainnet launch, I am very excited!
I will be adding details about the AirDrop, wallet and mining in my subsequent blog posts.