The Decred coin is a digital currency which offers complete autonomy to its stakeholders for decentralized decision making and nifty transition between the different set of rules. Its cryptocurrency is denoted by the symbol DCR, with a total supply of 21 million coins. The Decred mainnet was launched on February 8, 2016 by Company O, a Chicago based firm that develops tools for Bitcoins. Decred 1.0.0, which allows hybrid proof-of-work/proof-of-stake, was launched on April 25, 2017. Decred uses a modular codebase to adapt and scale changes in the blockchain technology - which means its features can be added or removed with more ease compared to other cryptocurrencies. The use of Lightning Network (LN) allows near-instant micropayments in DCR. This is similar to Bitcoin, but processes in half the time and thus, competes with the existing fiat system.