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Discover Decimal's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Decimal?

Decimal (DEL) is a peer-to-peer online currency and the native token of the Decimal blockchain. It is designed to be a simple, user-friendly value exchange tool and token constructor, allowing users to create custom coins without technical skills. DEL is generated as a reward to validators for creating blockchain blocks and can be used for transactions, delegating to validators, and creating new coins. It operates on a Delegated Proof of Stake (DPoS) consensus mechanism, ensuring rapid verification of transactions and providing a secure, low-cost, and efficient payment system.

How is Decimal used?

The crypto Decimal (DEL) is used in several ways within the DecimalChain ecosystem:

  1. Peer-to-Peer Transactions: DEL is a peer-to-peer online currency, allowing direct transactions between network participants without the need for intermediaries. This means that users can send and receive DEL directly, bypassing third-party services.

  2. Token Creation: DEL is a key element in the creation of new tokens on the DecimalChain network. Users can create their own tokens using the Decimal designer without requiring technical skills. These tokens can be liquid, illiquid, stablecoins, or NFT tokens.

  3. Staking and Validation: DEL is used for staking, where users bond their coins to validators. Validators receive a reward for creating blocks on the DecimalChain blockchain, which is then distributed among the users who bonded their coins to them. This process incentivizes validators to maintain the integrity of the network.

  1. Reserve Currency: DEL serves as a reserve currency for creating new coins. When a new coin is created, it inherits the benefits of DEL, ensuring that all Decimal blockchain coins can be exchanged quickly at a fair market price.

  2. Payment System: DEL is designed to be a fast and inexpensive payment system, making it suitable for widespread use in traditional business. Transactions are completed in approximately six seconds, with an average transaction cost of 0.41 DEL.

  3. Decentralized Wallet: DEL is stored securely in a decentralized wallet, where users have full control over their keys. This ensures that coins can only be accessed by the user.

Overall, DEL is a versatile cryptocurrency that supports various functions within the DecimalChain ecosystem, including token creation, staking, and fast transactions.

How do I store Decimal?

To store Decimal (DEL) tokens, you can use the decentralized wallet provided by Decimal. This wallet offers secure storage, ensuring that only the user can access their coins. The wallet is designed to be user-friendly and does not require any technical knowledge to operate.

How to buy Decimal?

To buy Decimal (DEL) tokens, you can follow these steps:

  1. Choose an Exchange: Select a reliable cryptocurrency exchange that supports DEL, such as Gate.io or KuCoin.
  2. Create an Account: Sign up for an account on the chosen exchange if you don't already have one.
  3. Deposit Funds: Deposit the necessary funds to purchase DEL tokens using a supported payment method.
  4. Search for DEL: Find the DEL token on the exchange and select it for purchase.
  5. Buy DEL: Complete the purchase by following the exchange's instructions.

Additionally, you can also refer to the Decimal Wiki for detailed instructions on how to buy DEL tokens.

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History of Decimal

The history of Decimal (DEL) began on August 1, 2020, when it was launched as a decentralized cryptocurrency. DecimalChain, the blockchain behind DEL, was developed by the teams of BitTeam and Crypton. It was designed as a simple, user-friendly value exchange tool and a token constructor that allows users to create tokens without technical knowledge.

DecimalChain is built on the Cosmos SDK, ensuring compatibility with other blockchains in the Cosmos Network. This allows for seamless interaction between nodes and reliable consensus formation. The network uses a Delegated Proof of Stake (DPOS) consensus algorithm, which enables rapid transaction verification by validators. Validators are incentivized through a system of rewards and fines, ensuring the security and integrity of the network.

At launch, the reward for validators was 50 DEL per block, which increases every 432,000 blocks by 5 DEL. This mechanism helps attract validators at various stages of network development. The total supply of DEL is capped at 94 billion, with new coins created through the mining process. The network also has a premine of 200 million DEL, with 160 million allocated to the initial validators and the remaining 40 million sold to investors.

Decimal has gained popularity due to its unique features, such as its ability to create new tokens quickly and easily, its decentralized wallet, and its low-cost, fast transactions. The network is secured by the SHA-256 hashing algorithm, which is also used by Bitcoin and other prominent cryptocurrencies.

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How Decimal works

The crypto Decimal (DEL) is a decentralized cryptocurrency that operates on the DecimalChain blockchain. Here's how it works:

Key Components
  • Token Creation: DecimalChain allows users to create their own tokens without requiring technical knowledge. This is made possible by a simple and intuitive token constructor that can be used to create various types of tokens, including liquid, illiquid, stablecoins, and NFT tokens.

  • Decentralized Network: The DecimalChain network is decentralized, meaning that transactions occur directly between network participants without the need for intermediaries. This is achieved through a peer-to-peer online currency system.

  • Consensus Mechanism: The network uses a Delegated Proof of Stake (DPoS) consensus mechanism, where validators verify transactions, pack them into blocks, and are rewarded with DEL coins for their efforts. Users can delegate their DEL coins to validators, effectively "mining" desired cryptocurrencies without the need for expensive equipment and server maintenance.

  • Security: The network is secured using the SHA-256 hashing algorithm, which is known for its use in Bitcoin and its forks. Validators operate under strict conditions, with penalties for incorrect operation and fraud attempts. This ensures that any malicious actions become economically unprofitable.
Token Economics
  • Total Supply: The total supply of DEL coins is capped at 94 billion, with new coins being created through the staking process. The reward for validators increases every 432,000 blocks.

  • Staking Rewards: Validators receive a reward for each block they create, which is then distributed among users who delegate their coins to these validators. This reward is calculated based on historical data and various parameters such as the number of validators and stake size.

  • Liquidity Providers: The network includes Liquidity Providers that enable users to convert DEL coins into both crypto and fiat assets. This ensures that users can easily exchange their rewards for other currencies.

Transaction Speed and Cost
  • Transaction Speed: Transactions on the DecimalChain network are completed quickly, taking approximately six seconds.

  • Transaction Cost: The average transaction cost is 0.41 DEL, making it a low-cost transfer system.

Wallet Integration
  • Decentralized Wallets: Decimal offers high-security decentralized wallets, such as the "Decimal Wallet" for web, iOS, and Android platforms. These wallets provide secure storage and can be protected with PIN codes or biometrics.

  • Hardware Wallet Integration: Decimal has partnered with Tangem to integrate their core networks, allowing users to store and manage multiple assets securely using Tangem's hardware wallet.

Overall Functionality

The Decimal (DEL) cryptocurrency operates as a key component of the DecimalChain ecosystem, providing a simple and intuitive solution for creating tokens and facilitating fast, low-cost transactions. Its decentralized nature, secure consensus mechanism, and user-friendly wallets make it an attractive option for those looking to invest in a cryptocurrency project.

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Decimal's strengths

The token Decimal (DEL) has several strengths that contribute to its potential in the blockchain ecosystem:

  1. Interoperability: Decimal's ability to interact with other blockchains through cross-chain communication allows for seamless asset transfers and data exchange between different blockchain networks. This feature enhances the platform's usability and expands its reach across various blockchain-based projects.

  2. Scalability and Performance: Decimal's architecture, powered by Tendermint Core, enables high transaction throughput and low latency. This scalability ensures smooth network performance even during peak activity periods, making it suitable for handling a large volume of transactions efficiently.

  3. User-Friendly Interface: Decimal is committed to providing an intuitive user experience, making it accessible to both developers and non-technical users. The integration of the Ethereum Virtual Machine (EVM) facilitates a smooth transition for Ethereum developers, fostering a welcoming environment for new participants.

  1. Security and Reliability: The robust consensus mechanism of Tendermint Core guarantees the security and reliability of the Decimal Network. By employing Byzantine Fault Tolerant (BFT) consensus, the platform can withstand attacks and ensure data consistency, providing a secure environment for transactions and governance.

  2. Easy Token Creation: Decimal offers a simple constructor for creating any type of token, including liquid, illiquid, stablecoins, and NFT tokens. Users without technical skills can create tokens using the Decimal designer without installing additional software, making it a versatile tool for token creation.

  3. Decentralized Wallet: Decimal provides a decentralized wallet that ensures secure storage of coins. Users have full control over their coins, and transactions are completed quickly, typically in six seconds, with an average transaction cost of 0.41 DEL.

These strengths position Decimal as a promising player in the evolving blockchain landscape, offering a robust and user-friendly platform for digital asset management and decentralized applications.

Decimal's risks

Decimal (DEL), as a cryptocurrency, is exposed to various financial risks that can impact its value and stability. Some of the key financial risks associated with DEL include:

  1. Market Volatility: DEL's value can fluctuate significantly due to market volatility, which can lead to losses for investors. This risk is heightened by the cryptocurrency's high risk score, indicating that it can be easily manipulated by market forces.

  2. Credit Risk: As a digital asset, DEL is susceptible to credit risk, which arises from the possibility that borrowers or counterparties may default on their obligations, affecting the overall liquidity and stability of the cryptocurrency.

  3. Operational Risk: Poor management, flawed financial reasoning, or inadequate infrastructure within the DEL ecosystem can lead to operational risks, which can compromise the security and reliability of the cryptocurrency.

  1. Liquidity Risk: DEL's liquidity can be affected by changes in market interest rates, economic downturns, or other macroeconomic factors, making it difficult for investors to buy or sell the cryptocurrency quickly and at a fair price.

  2. Regulatory Risks: DEL, like other cryptocurrencies, is subject to evolving regulatory environments. Changes in laws, regulations, or government policies can impact the legality, usage, and value of DEL, posing significant financial risks to investors.

  3. Cybersecurity Risks: As a digital asset, DEL is vulnerable to cyber attacks, hacking, and other forms of digital theft, which can result in significant financial losses for investors and undermine trust in the cryptocurrency.

  1. Economic Risks: DEL's value can be influenced by broader economic trends, such as inflation, recession, or political instability, which can impact investor confidence and the overall financial health of the cryptocurrency.

These financial risks highlight the importance of thorough risk assessment and management strategies for investors considering DEL as an investment opportunity.

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Decimal's ecosystem

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Decimal’s team

Here are the key team members behind the cryptocurrency Decimal (DEL):

  • Anatoly Berdnikov: Chief Executive Officer (CEO), responsible for managing project managers and ensuring compliance with external stakeholders' criteria and norms.
  • Dmitriy Stepanov: Chief Technical Officer (CTO), responsible for developing new services and products, setting goals, and assigning missions to developers.
  • Petru Bantis: Chief Software Architect, responsible for architectural solutions, technical implementation of business tasks, and development team management.
  • Sergey Salarev: Project Manager, responsible for project support, coordination of deadlines and requirements, and project team management.
  • Margarita Ignatova: Chief Financial Officer (CFO), responsible for strategic planning, information systems management, cost control, and reporting.
  • Nikita Veremeev: Chief Listening Officer, responsible for advising the company's management on legal issues and representing the company's interests.
  • Ksenia Egorova: Marketing Director, responsible for brand promotion, digital marketing, and implementing the SMM strategy.
  • Vitaliy Meerovich: Backend Developer and Technical Lead, responsible for project architecture and coordinating the team of developers.
  • Kirill Baydakov: UX/UI Designer.
  • Ihor Tymarsha: Mobile Developer and Technical Lead, responsible for leading the Decimal mobile development team.
  • Nikita Bogorad: Director of Business Development (CBDO), responsible for business development and partnerships.

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