I am pleased to announce that Decred testnet is going live today, Wednesday, January 27th. Decred testnet is intended to be used as a sandbox for testing the various features and behavior of Decred. Interested parties are now free to experiment on testnet with:
- Sending and receiving transactions
- PoW mining software, e.g. cgminer
- PoS mining with dcrwallet
- Writing or porting software for Decred
We are releasing the following binaries:
- dcrd – the chain daemon
- dcrwallet – the wallet daemon
- dcrctl – the command line RPC tool
- cgminer – mining software
The dcrd, dcrwallet and dcrctl binaries are provided for both 32 and 64-bit versions of the following OSes: Windows, OS X, Linux, DragonflyBSD, FreeBSD, NetBSD and OpenBSD. CGminer is provided as a binary for 32 and 64-bit Windows and Linux.
We are excited to announce a new digital currency, Decred. The main technical features of Decred and the motivation for including them are discussed in my previous blog entry.
Decred is an open, progressive, and self-funding cryptocurrency with a system of community-based governance integrated into its blockchain. At its core is a hybridized proof-of-work proof-of-stake (PoW/PoS) consensus system that aims to strike a balance between PoW miners and PoS voters to create a more robust notion of consensus. The project is a result of the theoretical proposals brought by proof-of-activity (PoA) and MC2 in 2013. Decred development started in April, 2014 with a single developer and expanded to include the btcsuite developers shortly thereafter.
Decred is built in the spirit of open participation and we have provided below a full disclosure of the technical features of the system, wallets and mining, initial funding and distribution, project governance and development, and a group contribution timeline. We hope to launch mainnet on January 18th, 2016, and will provide additional details in this thread. Everyone is welcome to participate, and you are certainly welcome to join the development and project groups if you have interest in contributing to our efforts!