DECENT

Decent (DCT) is a Cryptographic Asset (also known as an altcoin) with a limited supply. It uses the DPoS algorithm and operates on a dedicated independent blockchain and supporting infrastructure (DCore). Dcore is an open-source blockchain platform that users can use to build stable, customizable, and cost-effective applications. DCore is a one of a kind blockchain platform dedicated to digital content distribution. It provides software development kits to empower developers and businesses to build real-world decentralized applications, allowing everyone to be connected to the blockchain.

According to the whitepaper, DCT backs all-consuming, exchanging, mining, publishing, and seeding on DCore. Customary tokens can be created with various settings (unique, transferable, limited supply) based on DCT. Further, depending on the participation rate, missed blocks, and network fees from the previous day, an allocated reward pool is distributed between elected miners daily. Rewards are given to the miners after 24 hours of work. A reward is distributed to their vesting accounts, which can be withdrawn as DCT. Besides these facilities, DCore provides several hard-coded smart contracts with comprehensive functionality along with being fast to facilitate a high rate of transactions per second.

According to the website, the core protocol of DCT is DPoS or Delegated proof of stake, so anyone holding it has a stake. The stakeholders in a DPoS system are responsible for ensuring that the network is distributed appropriately to maintain its health and security. DCT holders do this by voting. Among the things that can be voted on are the number of active miners or witnesses.

These structures and utilities of the token ensure the smooth functioning of the platform.

Launched in 2017, Matej Michalko is the founder and CEO of the Decent ecosystem.