DecimalChain was developed by the development teams of BitTeam and Crypton. Decimal blockchain is created on the basis of Cosmos SDK — a secure and reliable solution to organize network interaction between nodes and ensure a reliable consensus between the nodes involved in formation of network blocks. Thanks to the construction of Cosmos SDK, Decimal-Blockchain is compatible with all blockchains in Cosmos Network, where there are more than 130 projects now.
The DecimalChain team continuously makes improvements based on decentralized voting of network validators and adds new features.
What makes DecimalChain unique?
The unique advantage of DecimalChain is that it is a very simple constructor for creating any tokens (liquid, illiquid, stablecoin, NFT tokens).
Any user can create a token on the DecimalChain designer without technical skills and the need to download or install additional softs or programs. Any currency of the Decimal network available to the user can be used to translate their tokens.
Decimal uses such advanced developments in the blockchain industry as:
Tokenization of assets;
Instant payment;
points in loyalty systems;
Cashback services;
Identification of users;
confirmation of ownership rights and authenticity of documents;
tracking of goods through supply chains;
honest algorithms for the gambling industry;
automatic execution of contracts;
guarantee of payments of funds and safety of values;
ensuring access to different resources;
fair voting, lending, and so on.
Due to its innovative nature, DecimalChain creates a conceptual and technological framework that stimulates the model of cooperation through the possibility of interaction with many blockchain - networks and projects based on them.
Decimal blockchain has a large community of enthusiasts that consists of users and other products created by the BitTeam team.
DEL Benefits
Secure storage on a decentralized wallet. Access to coins is exclusively on the user side.
Ability to bond your DEL to validator and “mine” demanded cryptocurrency without the cost of equipment and maintenance of servers.
Transfers are carried out in six seconds.
Average shipping fee ~ 0.41 DEL.
Focus on easy, fast and inexpensive transfers, which ensures the stability of the DEL market price, and therefore wide application in traditional business.
DEL can be used as a reserve currency to create new coins. In turn, DEL provides the custom currency with all the advantages it has. Thanks to this, all Decimal blockchain coins can be exchanged in a couple of seconds at a fair market price calculated on the basis of formulas.
How much DEL is in circulation?
The total number of DEL is limited at 94 billion coins. Developers allow the possibility of increasing the total emission if the network validators vote in favor of this decision.
New coins appear during a process known as “mining”: as transactions are passed over the network, they are collected by validators and packed into blocks, which in turn, protected by complex cryptographic computing. DPOS consensus allows you to provide rapid verification of transactions by a set of specialized participants of the network — validators. At the same time, the latter operate within the framework of a strict system of fines and rewards with coins of the network.
At the time of DecimalChain launch, the reward of validators for the created unit was 50 DEL - this number grows every 432 thousand blocks per five DEL. As of March 3, 2021, the reward for the block is 85 DEL.
Increasing the reward for the block is also a feature of the blockchain, which allows you to attract validators at any stage of network development.
The issuance is for nine years — after that (in the tenth year), the payment of the basic rewards for the block will cease completely. Only the total fee of all transactions in the block will remain.
When the network is launched, a DEL premine will be produced in the genesis block, which will amount to 200 million DEL. At the same time, each of the four starting validators will receive 40 million DEL (in the amount of 160 million DEL). The remaining 40 million DEL will be put up for sale and implemented to the project's investors.
How is Decimal's network protected?
DecimalChain is protected by SHA-256, belonging to the SHA-2 family of hashing algorithms, which is also used by the first Bitcoin cryptocurrency, its forks and many other cryptocurrencies.
Each masternode (validator) works under strict conditions of punishments and rewards. If in the case of bitcoin miners receive reward for the spending electricity in the form of new coins, then in this example, incorrect operation of masternods is punishable by system fines. For example, the unavailability of the validator for 12 blocks of the last 24 is punishable by 1% of the total amount of the validator steak. And the total amount of steak includes all funds delegated to this validator.
Validators who attempt fraud in the consensus-building process are also punished with a fine. In this case, the validator would be punished with a 5 percent penalty from the combined with the steak delegates. Consequently, the more funds delegated to the validator, the higher the cost of attacking the network.
How to Buy DEL on an Exchange
Step 1: Choose a Reputable Exchange Platform
Select a trusted platform from among many available options for purchasing DEL. Some reputable platforms include HTX、Bybit、Bitget, and others.
Step 2: Register an Account
Here, we'll register an account on the Bybit(registration link) trading platform. You may need to provide personal information such as phone number and email to complete the registration process.
Step 3: Complete Identity Verification
For security purposes, some platforms may require you to complete identity verification. Follow the platform's instructions to provide necessary identity information (such as country/ID number) and undergo facial recognition. Once your identity is confirmed, you'll receive notification.
Step 4: Link Bank or Payment Method
Link your bank account or other payment methods to the exchange platform for making payments when purchasing DEL.
Step 5: Purchase DEL
Find the option to buy coins on the exchange platform, choose the C2C coin purchase process, and then input the quantity of DEL you wish to purchase. Typically, you'll choose to buy USDT first and select your preferred payment method. Simply place the order, make the payment to the seller, and you'll receive the cryptocurrency. Once payment is complete, you can use your exchange assets to buy DEL.
Step 6: Store Your DEL
After purchasing, you can choose to store your DEL in the digital wallet provided by the exchange platform or transfer it to a hardware wallet under your control.
Step 7: Security Reminder
To protect your exchange account and DEL assets, be sure to use a strong password and enable two-factor authentication.
DEL Price:Decimal is a blockchain that allows you to easily and quickly create your own custom coins, suitable for a wide range of use cases. It stands out for its high security, stability, and reliability, and is easy for everyone to use and understand. Decimal is available and popular among a broad user base worldwide. In fact, people can develop and promote their own projects on this platform.The price fluctuates daily, you can go to the exchange: Bybitto check the price.
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