Source. Crypto info.com
What is Decred?
Decred is an open source Bitcoin fork (basically a copy of the original Bitcoin code which is then edited and added to) which focuses on on-chain governance and consensus mechanisms. The project includes a hybrid proof-of-work (PoW) proof-of-stake (PoS) consensus voting system, a public proposal platform, smart contracts, cross-chain atomic swaps, and cross-platform wallets.
Decred employs an innovative hybrid Proof-of-Work/Proof-of-Stake system that layers security and carefully aligns incentives. This system yields the best of both worlds, making it an order of magnitude more expensive to attack than pure Proof-of-Work or pure Proof-of-Stake.
Decred's built-in governance systems empower its community with formal rights to make consensus changes and manage project-level decisions. These systems make Decred adaptable, allowing it to evolve per the will of the stakeholders, resist forks and incorporate new technology over the long run.