# Decred

> Source: https://fuckyc.org/services/decred/
> Website: https://decred.org/
> Categories: Privacy coins
> KYC: none — Cryptocurrency protocol with optional StakeShuffle (CoinShuffle++ variant) privacy at the wallet layer; transactions otherwise transparent.
> Status: active
> Jurisdiction: protocol — independent open source
> Fiat on-ramp: no
> Payment methods: crypto
> Founded: 2016
> Open source: yes
> Custodial: no
> Last verified: 2026-01-01

## Verdict

Decred is a transparent-by-default chain with a wallet-level mixing option. Its place in the privacy-coin category is "transparent chain with mixing as a feature," not "privacy by default." Useful when you specifically want Decred's PoS governance and treat the mixing as a complement, not the primary feature.

## Strengths

- Hybrid PoW/PoS chain with on-chain governance.
- StakeShuffle / mixed-account flows offer wallet-level transaction privacy.

## Caveats

- Privacy is wallet-layer, not protocol-layer; on-chain semantics are transparent.
- Smaller anonymity set than dedicated privacy coins.
- Facts need re-verification by operator (last seeded 2026-01).

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## What Decred is

A hybrid-consensus cryptocurrency with on-chain governance and optional wallet-mixed accounts.

## Threat-model fit

For users who already use Decred and want its mixing flow; not a Monero alternative.

## Sources

- [Decred docs](https://docs.decred.org/) — accessed 2026-01-01
- [Decred privacy docs](https://docs.decred.org/wallets/privacy/) — accessed 2026-01-01