Decentr (DEC) is an open-source platform aiming to create a bridge between internet users and applications developed with distributed ledger technology (DLT). The platform aims to develop a decentralized data exchange system. (Today’s systems are mostly centralized.) On the platform, users can get value from their data and use it to pay online. The platform seeks to allow users to manage and pay with Personal Data Value (PDV), which is a personalized “exchange rate” distinctive to each user. Decentr allows users to retain the payable value assigned to the secure data they generate on Decentr.
According to the whitepaper, data is the new currency. Centralized firms have been trading users’ data for over a decade. Users do not own their data and, hence, cannot extract value from it. As a result, huge amounts of unstructured user data remain out of the reach of business and individual users, isolated for profit by large firms. Decentr LLC aims to provide a web-browsing experience that allows surfing the internet a payable value.
The platform aims to create an Internet of Value (IoV) by using data as currency for a sustainable data economy. Decentr comprehends the potential of a data economy and looks to build a secure, open-source platform decentralizing current centralized data-exchange systems in a way similar to how blockchain solutions decentralize digital trades, solving the data storage/sharing paradox.
The platform offers the Decentr Web Browser and Web Browser Add-on as viable solutions to achieve the goal. Decentr’s web browser and the platform is a “portal to Web 3.0/4.0.” Decentr helps individuals connect with user-centric Web 3.0 applications, thereby enabling users to pay and trade while accessing a range of native DeFi features, including dPay and dLoan (the native cryptocurrency trading feature). In addition, the platform aims to offer the following features:
Own personal user data- Each visit online remains part of the user’s personal ID, which is stored securely on the DecID.
Stakeor become avalidator- Staking becomes easy, using the Decentr browser.
Walletright in the Decentr browser- All transactions occur in the user interface (UI).
Explorer – It supports all transactions, validators, and blocks.
Decentr (DEC) is the native token of the platform. It is tradable as a utility token, avoiding difficult SEC compliance regulations associated with security tokens. The “utility” further opens up possibilities for expanding financial tools for the uncredentialed because of automated anti-money laundering (AML) and KYC (Know Your Customer) compliance as part of the Decentr/DecID site protocols. Thus, DEC aims to support a safe, secure, and immutable data economy.
DEC seeks to support exchanges between data and all currencies to encourage a new global economy based on economic extraction from structured data.
History of Decentr (DEC)
The Decentr (DEC) team includes Nikita Anikeev, CTO; Rich James, CCO; Paul Sluszko, COO; Hleb Ioda, DevOps, and others.
