What is Decimal (DEL)?

What Is Decimal (DEL)?

The DecimalChain is a blockchain and token constructor that has its own cryptocurrency called DEL. It is a decentralized currency where transactions occur directly between members of the network without the need for intermediaries. DEL is the key element and reserve currency of the Decimal blockchain, which does not require significant electricity costs and expensive equipment to perform mathematical tasks, unlike bitcoin. Validators are rewarded with a new portion of DEL for creating a block on the Decimal blockchain, and owning any coin of the network allows you to make a profit by bonding them to a validator.

Who are the founders of DecimalChain?

The creators of DecimalChain are BitTeam and Crypton. They utilized the secure and dependable Cosmos SDK to build the Decimal blockchain, which allows for reliable consensus between nodes and network interaction. The Cosmos SDK construction also makes it compatible with over 130 projects in the Cosmos Network. DecimalChain is continually improving with the assistance of network validators' decentralized voting and the integration of new features.

What makes DecimalChain unique?

DecimalChain offers a unique advantage as a simple constructor for creating any tokens, whether liquid, illiquid, stablecoin, or NFT tokens. It is user-friendly and does not require any technical skills or the installation of additional software. Moreover, any currency available on the Decimal network can be utilized to translate the tokens. DecimalChain utilizes advanced blockchain developments such as asset tokenization, instant payment, loyalty points, cashback services, user identification, ownership rights confirmation, tracking of goods through supply chains, honest gambling algorithms, automatic contract execution, and guaranteed fund payments and safety. It also offers fair voting and lending opportunities.

DecimalChain creates a conceptual and technological framework that stimulates collaboration through interaction with many blockchain networks and projects. The blockchain has a large community of enthusiasts consisting of users and other products created by the BitTeam team.

DEL, the DecimalChain coin, offers secure decentralized storage, and users have exclusive access to their coins. Users can bond their DEL to a validator and "mine" cryptocurrency without equipment and server maintenance costs. The blockchain provides easy, fast, and inexpensive transfers, which ensures the stability of the DEL market price and its wide application in traditional business. DEL can also be used as a reserve currency to create new coins, offering all the advantages of the custom currency.

The total number of DEL is limited to 94 billion coins, but the possibility of increasing the emission exists if the network validators vote in favor of it. The issuance is for nine years, after which the basic rewards for the block will cease completely, leaving only the total fee of all transactions in the block. Validators are rewarded for blocks with coins of the network, and the reward increases every 432 thousand blocks.

The DEL premine will amount to 200 million DEL, with each of the four starting validators receiving 40 million DEL, and the rest will be put up for sale and implemented to the project's investors.

How is Decimal's Network protected?

DecimalChain is protected by 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) operates under strict conditions of rewards and punishments. Unlike Bitcoin, where miners receive a reward for spending electricity in the form of new coins, incorrect operation of masternodes is punishable by system fines in DecimalChain. For instance, if a validator is unavailable for 12 blocks of the last 24, they will be fined 1% of the total amount of the validator's stake. The total amount of the stake includes all funds delegated to this validator. Validators who attempt fraud in the consensus-building process are also penalized with a fine. In this case, the validator would face a 5 percent penalty from the combined steak delegates. Therefore, the higher the funds delegated to the validator, the higher the cost of attacking the network.

Decimal (DEL) Price Prediction

Many experts predict that the value of Decimal (DEL) will rise significantly in the coming years. According to market trends and indicators, DEL is expected to reach $0.0764 by the end of 2023, with some projecting a potential price of $0.1641 by 2025.