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Built by BitTeam and Crypton teams, DecimalChain uses the Cosmos SDK to enable easy token creation and fast transfers. The DEL token facilitates secure storage, staking for rewards, and serves as a reserve currency. Its capped supply is 94 billion coins, with emission continuing for nine years before transitioning to fee-only rewards.
The development teams behind BitTeam and Crypton built DecimalChain. This blockchain utilizes the Cosmos SDK, a secure framework designed to manage node interactions and maintain reliable consensus for block creation. By leveraging the Cosmos SDK, Decimal-Blockchain achieves compatibility with every blockchain in the Cosmos Network, which currently hosts more than 130 projects. The DecimalChain team keeps enhancing the platform by implementing new features and improvements determined through decentralized voting by network validators.
DecimalChain distinguishes itself by offering a straightforward constructor for generating various token types, including liquid and illiquid assets, stablecoins, and NFTs. Users can create tokens via the DecimalChain designer without requiring technical expertise or installing extra software. Any currency within the Decimal network can be utilized to transfer these user-created tokens.
The platform incorporates several advanced blockchain innovations:
Through its innovative approach, DecimalChain establishes a technological and conceptual framework that encourages cooperation by enabling interaction with numerous blockchain networks and associated projects. The Decimal blockchain is supported by a substantial community of enthusiasts, comprising users and other products developed by the BitTeam team.
DEL Benefits
Circulation and Emission The total supply of DEL is capped at 94 billion coins. Developers permit the possibility of increasing total emission if network validators vote in favor of such a decision.
New coins are generated through “mining,” where validators collect transactions, pack them into blocks, and secure them via complex cryptographic computing. The DPOS consensus enables rapid transaction verification by specialized network participants known as validators, who operate under a strict system of fines and rewards paid in network coins.
At the launch of DecimalChain, the validator reward per created block was 50 DEL. This amount increases by five DEL every 432 thousand blocks. As of March 3, 2021, the block reward stands at 85 DEL. This increasing reward structure is designed to attract validators at any stage of the network's development.
Emission continues for nine years; in the tenth year, basic block rewards will cease entirely, leaving only the total fees from transactions in the block.
Upon network launch, a DEL premine occurred in the genesis block, totaling 200 million DEL. Each of the four initial validators received 40 million DEL (totaling 160 million DEL). The remaining 40 million DEL were offered for sale to project investors.
DecimalChain relies on the SHA-256 hashing algorithm, part of the SHA-2 family. This same standard secures Bitcoin, its forks, and numerous other digital currencies.
Masternodes (validators) operate under a rigorous system of penalties and incentives. Unlike Bitcoin miners, who earn new coins for consuming electricity, Decimal masternodes face financial fines for improper conduct. For instance, if a validator is unavailable for 12 out of the last 24 blocks, they incur a penalty equal to 1% of their total stake. This stake comprises all funds delegated to that specific validator.
Validators attempting fraud during consensus building also face fines. In such cases, the penalty amounts to 5 percent of the combined stake held by delegates. As a result, the greater the volume of funds delegated to a validator, the more expensive it becomes to attack the network.