# Welcome to /r/Decred.
## What is Decred?
Decred is an autonomous digital currency, similar to Bitcoin, with a strong focus on governance, sustainable funding and development. It utilizes a hybrid proof-of-work (PoW) and proof-of-stake (PoS) consensus system to secure the flow of transactions. All changes to the Decred network are made with direct community input and settled with a consensus vote. Units of currency are called ‘credits’ (DCR). All the code of the Decred project is open source.
## Why Decred?
We created a [special post](https://medium.com/decred/why-decred-let-the-community-tell-you-5479929e35d2) to answer this question, written completely from community input.
### Before you post...
This an endorsed subreddit, co-moderated by community members and Decred contractors. With such a large and growing number of subscribers, both moderators and subscribers must act responsibly to avoid repetition, clutter and low-quality content.
##### ... please check if your question has already been answered
Most answers are just a search away. Before you post, **use the search bar** to check if your question was already answered on this subreddit. The Decred project also has an extensive [documentation site](https://docs.decred.org/) and the [/r/Decred wiki](https://www.reddit.com/r/decred/wiki/index) answers some of the most frequently asked questions.
##### ... and then read the posting rules:
We need to enforce some [basic rules](https://www.reddit.com/r/decred/about/rules/) to keep this subreddit useful and fun. Posts that violate any of the following rules may be removed without warning by the moderators.
* No misleading titles and no ALL-CAPS
* No spamming and no scamming
* No price prediction threads
* No duplicate threads
* No trolling or FUD
* No referral links
* Stay on-topic
Ask trading-related questions in [/r/dcrtrader](https://www.reddit.com/r/Dcrtrader/).
### Download one of the wallets
The only supported wallets are the Decrediton wallet ...
Statement from Director of Division of Corporation Finance Bill Hinman and Senior Advisor for Digital Assets and Innovation Valerie Szczepanik on “Framework for ‘Investment Contract’ Analysis of Digit...
Decred Mobile Developer @beansgum will be giving a talk THIS Friday at 3:55p about @decredproject at the Blockchain Digital Assets Summit in Lagos, Nigeria. https://t.co/6cnXZ9vU5g Great work on Decr...