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.
The crypto Decimal (DEL) is used in several ways within the DecimalChain ecosystem:
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.
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.
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.
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.
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.
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.
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.
To buy Decimal (DEL) tokens, you can follow these steps:
- Choose an Exchange: Select a reliable cryptocurrency exchange that supports DEL, such as Gate.io or KuCoin.
- Create an Account: Sign up for an account on the chosen exchange if you don't already have one.
- Deposit Funds: Deposit the necessary funds to purchase DEL tokens using a supported payment method.
- Search for DEL: Find the DEL token on the exchange and select it for purchase.
- 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.