Decred wallet

Secure your DCR assets

Secure your Decred assets with the most trusted hardware wallet. Cold storage wallets are typically encrypted devices that store users' Decred assets offline, providing a layer of security against the evolving threats emerging from being connected to the Internet.




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How to manage Decred with Ledger devices

Secure your Decred (DCR)

Secure multiple assets, including Decred using a Ledger Hardware Wallet.
Your private keys, giving access to your assets, remain safe in a certified secure chip.

Ledger Nano S

Ledger Nano S

Protect your Decred assets with the first and only
independently-certified Decred wallet on the market.

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Ledger Nano X

Ledger Nano X

The Ledger Nano X is a Bluetooth® enabled secure and
CES award winning device that protect your Decred assets

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How to manage your Decred (DCR)

Ledger Live

Directly manage your Decred with Ledger Live, our own desktop and mobile application. Check your balance in real-time, send and receive your Decred and 5,500+ other assets directly from Ledger Live.

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Praised by our community

Sladic M.

This is the one of best devices I ever purchased. LNS rules!

Schell T.

Easy, save and one of the best option to store Cryto Currencies.

Walter F.

Bought 3 nano-s. Everything just fine. Good product; fast delivery. Thanks!

Aaron P.

Quick delivery, paid in crypto, easy to setup and value for money!

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What is Decred (DCR)

Decred is a hard fork of the Bitcoin codebase that emphasizes restructuring the funding of the network’s development through an innovative approach to on-chain governance and consensus. Decred was started in 2016 by Company 0, led by Jake Yocom-Piatt, and other developers who had been working on the Golang project, btcsuite.


Decred (DCR) features

Decred utilizes a unique hybrid consensus mechanism known as ‘proof-of-activity’ (PoA), which is a combination of proof-of-work (PoW) and proof-of-stake (PoS). The primary value proposition of Decred is its ambitious take on governance -- an autonomous blockchain network.

The Decred network is entirely community-driven, and the network officially launched with its Politeia software in October 2018 -- formally turning over the $21 million treasury to the Decred community stakeholders.

Decred’s dedication to a pure form of on-chain governance is intriguing, and live decision-making on protocol changes -- such as the ongoing consensus change vote to support the Lightning Network -- should serve as compelling experimentation grounds for decentralized governance.

Governance, Consensus, and Design

Decred is a modular and open-source cryptocurrency network that is capable of handling smart contracts with a limited depth -- like Bitcoin -- such as the Lightning Network (LN).

As a fork of Bitcoin, the Decred codebase has many similarities with a distinct difference -- governance is baked into the protocol. This is known as ‘on-chain governance’, and the development, consensus rules, and future direction of the network are decided by the community of Decred participants.

The main participants in the Decred community include the stakeholders, PoW miners, and community contributors. Splitting the power of consensus validators (i.e., miners and stakers) into two groups is designed to mitigate the ability of small subsets of people to launch chain reorganizations, and also plays a critical role in governance and funding.

For example, block rewards are split between the miners, stakeholders, and Decred Treasury as follows:

- PoW Miners -- 60 percent
- PoS Voters -- 30 percent
- Decred Treasury -- 10 percent

The Decred Treasury funds the development of the Decred network through a community-driven voting mechanism called the Politeia voting and proposals system, which is part of the overarching governance structure.

Concerning governance, miners play a similar role as in Bitcoin, however, stakers in the PoS voting mechanism play a central role to governance. At a high level, the Decred principles for the initial structures in the network are laid out in the Decred Constitution, which can even be changed via Politeia voting.

The overall governance is predicated on a system of ticket-holder voting where users stake (lock-in) DCR -- the native Decred token -- to purchase multi-purpose tickets. The tickets can be applied to consensus validation via PoS, the Politeia proposal system, and consensus rule changes.

Examples of community-driven decisions via the ticket voting system include changes to the Decred constitution and which projects to fund using the Decred Treasury. Politeia voting occurs off-chain, while on-chain judgments encompass validating blocks furnished by PoW miners and consensus rules voting.

Decred provides a wealth of resources on the specific details of how voting and governance works on the platform via their documentation.

Roadmap and Monetary Policy

Decred has an ambitious roadmap that includes ongoing developments such as ticket splitting, an Android wallet, and simple payment verification nodes (i.e., light clients) using compact filters. Similarly, Decred is working on a full-scale implementation of the LN using a port of Lightning Labs’ lnd codebase.

Future developments also include Schnorr signatures and block header commitments.

Decred has a capped supply of 21 million DCR, and there was a pre-mine of 8 percent of the total supply -- 50 percent of which was purchased by the developers and the other half distributed via airdrops. Block rewards began at 31.19 DCR in February 2016, and the diminishing block reward will hit its last block in September 2120.

There is currently just under 10 million DCR in circulation.

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