What is Decimal?

Decimal (DEL) is a blockchain-based platform that aims to simplify the creation and use of tokens. Launched on August 1, 2020, DEL is the native token of the Decimal blockchain, serving as the reserve currency and the key element of the ecosystem. Unlike many other cryptocurrencies, DEL does not require substantial electricity costs or expensive equipment to perform mathematical tasks. Instead, new DEL tokens are generated as rewards to specialized participants, known as validators, for their contribution to the creation of the Decimal blockchain block. This peer-to-peer online currency operates without the need for intermediaries, making transactions direct between equal, independent members of the network.

How does Decimal work?

Decimal operates on a Delegated Proof-of-Stake (DPoS) consensus mechanism, where validators are rewarded for their work in verifying transactions and forming blocks. Users can bond their DEL coins to any validator, and in return, they receive a portion of the validator's reward. This process aims to provide an opportunity for users to be compensated for their network participation. Furthermore, Decimal offers a unique advantage as a simple constructor for creating any tokens, including liquid, illiquid, stablecoin, and NFT tokens. This feature allows any user, regardless of their technical skills, to create a token on the Decimal network.

What are the potential use cases for Decimal?

Decimal seeks to provide a wide range of use cases, particularly in the realm of tokenization. It aims to facilitate instant payments, user identification, confirmation of ownership rights and authenticity of documents, tracking of goods through supply chains, and more. Additionally, Decimal provides a platform for the creation of custom cryptocurrencies with just a few clicks, making it accessible to internet users and entrepreneurs of all levels. The platform also aims to provide a framework for cooperation through the possibility of interaction with many blockchain networks and projects based on them.

What is the history of Decimal?

Decimal was developed by the teams of BitTeam and Crypton, based on the Cosmos SDK, a secure and reliable solution for organizing network interaction between nodes and ensuring a reliable consensus between the nodes involved in the formation of network blocks. The Decimal team works on improvements based on decentralized voting of network validators and adds new features. The total number of DEL is limited at 94 billion coins, with the possibility of increasing the total emission if the network validators vote in favor of this decision. The Decimal blockchain has a community of enthusiasts, consisting of users and other products created by the BitTeam team.