DEL White Paper

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2022

Decimal
White Paper

version 2.0
Table of contents

Disclaimer 3

1. Philosophy of Decimal 4

4. Goals 10

5. Overview of the technical background 11

6. DEL Coin 19

7. Intermediate result 21
Statistical data 22
7.1 Basic functionality 27
7.1.1 Creating custom coins 27
7.1.1.1 Changing the Maximum Issuance of Custom Coins 27
7.1.1.2 Commission payment with custom coin 27
7.1.2 Creating NFTs (non-fungible tokens) 27
7.1.3 Storing and sending coins and tokens 29
7.1.4 Delegation and Unbonding 29
7.1.5 Multisig Wallet 29
7.1.6. Cross-Chain Transactions 30
7.1.7 Voting validators 32
7.2 Decimal Smart Chain 34
7.2.1 DEX 34
7.2.2 DAO 35
7.2.3 Stablecoin 35
7.2.3.1 Algorithmic Stablecoin 36
7.2.4 Launchpad 38
7.2.5. Integration with Ledger 39
7.2.6 Support for the collateral-free token (ERC20) 39
7.2.7. Dynamic transaction fee 40
7.2.9 Extended NFT/SFT capabilities 43
7.2.10 Burning Coins 44
7.2.11. Validator change by delegate 44
8.1.Unit of accounting (cashback, loyalty points, bonuses) 45
8.2 Storing and transmitting information 46
8.3 Derivatives (transfer of rights to valuables) 47
8.4 Cross-platform 48
8.5. DeFi 49
8. 6. Come up with your own custom script 50

9. Mathematics 51
Transaction fee calculation 52

10. Roadmap 54

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11. Additional information 56

12. Glossary 57

13. Contact information 59

2
Disclaimer
This document is not a public offer, does not constitute any legal advice,
and shall not constitute sufficient grounds for any decision.
This document is not an official document and is not subject to the legal
system.
This document has been compiled for informational purposes only. The
sole purpose of this document is to present Decimal's ecosystem
services and software and DEL tokens to potential users in connection
with their sale. Developers, purchasers, investors and others interested
in the ecosystem services, Decimal software and DEL tokens should
consult their legal counsel before acting on the guidance and certain
actions in connection with the material published herein.
The reports, tables, estimates and financial data in this document are
forward-looking and involve risks of uncertainty in the economic and
legal context. Therefore, such information is provided herein for
demonstration purposes only and does not constitute a guarantee of
achieving the specified values (indicators) in the future.
DECIMAL PTE. LTD. reserves the right to change this document
unilaterally without any special notice. Amended terms and conditions
will be deemed effective immediately upon publication.
The document does not constitute an offer to buy securities in any
jurisdiction, an investment solicitation or investment advice.
The document is in Russian and English. In case of contradictions, the
English version of the document takes precedence.
DECIMAL PTE. LTD. shall not be held liable to users for any type of
losses incurred by them, regardless of the cause of the loss.
The legal status of cryptocurrency tokens, digital assets and blockchain
technology is uncertain. Changes in the legal regulation of digital assets
could adversely affect DEL tokens, ecosystem services and Decimal
software and lead to a ban on token distribution and the operation of our
services, as well as other negative consequences.

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1. Philosophy of Decimal
To build a sturdy house you need a foundation, therefore to build a
reliable project you need a fundamental idea, a philosophy, which, like a
foundation, will maintain the integrity of the project and serve as a guide
in difficult moments. Our project is based on the motto: keep it simple,
and people will reach out to you!

Decimal's philosophy is to create a project for people, ordinary users.


We, the Decimal team, consider ourselves “one” with the ordinary users.
We believe we have similar origins and upbringings.

Such users, the people, live in a world oversaturated with information.

Drowning in a stream of different and contradictory data, forced to


engage in constant communication with strangers. These exchanges are
short, in an environment without trust or authentication, with enormous
potential for toxicity and with far-reaching consequences. The simple
human needs and values of the user run the risk of being attacked and
irrevocably alienated. The average person wastes an enormous amount
of time, constantly lacking and running out of time, desperately working
around the imposing threats. Often they are simply overwhelmed by their
realityThat is why we are focused on providing everyone with a tool to
withstand external influences. A universal technical solution to the
difficulties and challenges of modern society. A tool that is technically
complex, but easy to use and apply. The consumer should not spend
time mastering our product, but on solving their immediate problems. So
that the user doesn't need to develop his blockchain network and encode
transaction logic. Decimal will provide this functionality already "out of
the box". Just generate a wallet and receive or send tokens.

The following will describe the concept of the new and better version of
Decimal — Decimal Smart Chain. Seeing as the market is rapidly
moving towards smartchains, multichains, we conceptually refined our
product: we added the option of using smart contracts, and compatibility
with EVM, IBC, and BSC. You can visually assess our growth by
comparing the scope of plans and goals of the first

4
(https://decimalchain.com/WPengV1.pdf)1 version of White Paper
Decimal with the new one. The first WP release was conservative and its
main goal was to lay a reliable foundation for further product
development. The goals of the first version were achieved. And now the
Decimal team is confidently aiming at new, large-scale heights that
seemed impossible 2 years ago. More comparative information can be
seen in the section — "Intermediate results".

2. Mission

Technological progress in the last 30 years has made a revolutionary


leap: our daily life is becoming more complex, and the flow of information
that people deal with in the 21st century can't be compared with the flow
of information in the 20th century. In the work — “The Sum of
Technology”, S. Lem, inspecting the ethical aspects of technological
evolution, notes that it is often evil because it provokes an unfair
distribution of benefits and devalues culture2.

In this regard, society stratifies into "enthusiastic ideologues" who are in


the epicenter of events, and those who are forced to work against time in
order to keep up with the changes.

Observing this injustice, we realized that our mission is to level the


playing field, to give all people an equal opportunity to benefit from
technical goods, without spending hundreds of hours studying
technology. The first step toward accomplishing this mission would be to
create a convenient, unconstrained tool for sharing value.

What does "convenient" mean? First of all, it is simple, optimized in


terms of usage. And by frameworks, we mean that the values (in the

1
as well as the Yellow Paper and the Economics Guide
2
S. Lem, "The Sum of Technology," chapter "Two Evolutions," section "A Few Naive Questions

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form of tokens), in most projects, cannot go beyond these projects,
which limits the freedom of users.

In the example of the user, equality will ensure that there is no need for
initial product selection, as it will be possible to move an entity between
blockchains after implementation. This will provide an opportunity for
developers to benefit from the infrastructure and features of
interconnected networks. In this case, it would provide better usability of
some of its functionality, using the potential of other networks.

3. Decimal Values

1) Saving time
You have your own project. You have thought through its financial model
and business processes. You've described the interaction scenarios and
channels of value flow between all the participants. A few clicks on the
Decimal website and your project has its own coin.

Instead of thinking through the details of the technical implementation of


your project, spend time on more useful things for you.

2) Accuracy and certainty in everything


The floating exchange rate of coins in the Decimal network is based on
the mathematical formulas of John Keynes, the most famous economist
of the first half of the 20th century. A strict mathematical relationship
determines the value of tokens depending on the balance of
supply/demand in the market.

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3) Stability and reliability
DPoS (Delegated Proof-of-Stake) consensus allows rapid verification of
transactions by a set of specialized network participants, and validators.
Validators operate under a strict system of penalties and incentives.

4) Speed
Large number of transactions and no delays. Validator software and the
very fact of a limited set of validators ensure the verification and
validation of a massive number of transactions. As the Decimal network
grows, the number of validators grows with it.

5) Freedom of Conversion
Thanks to the collateral mechanism (CRR3), every coin in the Decimal
ecosystem can be exchanged for any other coin in the network at any
time. The asset will not stay in your wallet forever, despite you wanting to
exclude them from your portfolio.

6) Accessibility to a wide audience of users


Blockchain Decimal is built on Tendermint, a software for secure and
consistent application replication on a computer network. Tendermint
works even if up to 1/3 of the computers on the network are not working
correctly. Each computer sees the same transaction log and the same
network state.

Tendermint is the underlying technology in the Cosmos blockchain


network.

3
Constant Reserve Ratio (CRR) — constant reserve ratio, a parameter regulating the provisioning of
custom coins with DEL coins.

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Thus, Decimal is compatible with all blockchains within the Cosmos
network, which has more than 100 projects, 49 of which are already
communicating via IBC (Inter Blockchain Communication Protocol).

Fig. 1 — Cosmos network.

7) Variety
The Decimal team is working to continually expand the selection of
decentralized applications, both through its development resources and
through the involvement of third-party teams and the motivation of
enthusiasts.

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8) The right to vote for the common user participant

It is possible to delegate any coins to a validator, increasing his share


(stake). The validator is rewarded for its work in verifying transactions
and forming blocks, and distributes it proportionally among the
participants who delegated their coins to it. But that's not all. By choosing
one validator or another, users decide who is more trustworthy and
whose work they think is more effective. By doing so, users have a direct
impact on the blockchain's performance and improve its quality.

9) Flexibility
Because each coin is backed up by the DEL coin, it becomes possible
to pay transaction fees on the network with any coin in the Decimal
ecosystem.

10) Team spirit and openness to cooperation


Anyone whose views are similar to ours can contribute their computing
power to the cause. If a network member is willing to install and run the
Masternode on his own equipment, he will be rewarded for each unit he
signs, as he helps organize the network.

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4. Goals
Our development team has set a goal to bring something new to the
common cause and to implement useful solutions into the network. And
first of all, we mean tokenization:
● easy and fast issuance of your own token/coin;
● guarantee to exchange token at any time for any other token/coin;
● an unambiguous rate formation mechanism for each coin.

The name Decimal itself reflects the strict deterministic processes within
the technology and the mathematical certainty. As we strive for high
accuracy to the smallest details and reliability of all computational
processes.

Studying the work and ideas of the best in our field, we have chosen to
embrace the ideology of union. Our Web 3.0 vision involves the union of
protocols and standards, and seamless use of the specifics and benefits
provided by different blockchains.

Just imagine, a transport protocol that allows information to be broken


down into tiny atoms, move and store data in a completely independent
infrastructure of unified chains, and at the same time guarantee the
integrity and security of the information being moved. For example
tokenization of countless assets, points in loyalty systems, cashback
services, user identification, proof of ownership, authentication of
certificates and other documents, tracking of goods through supply
chains, open and honest algorithms for the gambling industry, automatic
performance of contractual obligations, guaranteeing payment of funds,
ensuring access to certain resources, ensuring security of values, honest
voting, cross-border transactions, access to salary opportunities

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5. Overview of the technical
background
To understand why our team decided to develop a Decimal Smart Chain
based on the Cosmos SDK, we need to delve into theory.

Blockchain platforms are divided into several generations, each


generation has its own features and solves a certain range of problems.

First Generation
First-generation blockchains include Bitcoin, Litecoin, and ZCash. The
main task of this generation is to create decentralized money.
Functionality is limited to receiving and sending crypto assets.

Fig. 2 — The first generation of blockchains.

Over time, the cryptocurrency community didn't get enough of this and
second-generation blockchains emerged.

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Second Generation
Second-generation blockchains include Ethereum, Tezos, EOS and
others. The functionality has greatly expanded, there is software logic for
creating and managing their decentralized data. Many unique projects
with their own features have appeared.

Fig. 3 — The second generation of blockchains.

This led to a significant increase in the popularity of blockchain projects


and the industry ran into problems:

● Low performance — a huge flow of users slows down the system


and complicates block generation;
● The lack of convenience — the novelty and complexity of the
technology, discourages many users;
● Poor power efficiency — the second generation still uses the PoW
(proof-of-work) protocol when generating blocks, which requires a
constant increase in computing power;
● Cost — because of the low network throughput , a limited number
of people can make transactions at a time, at such times the
commission for transactions is very high.

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The emergence of layers (L1, L2,...) is to expand the capabilities of
blockchain projects and optimize processes, developers add "Add-ons",
they are commonly referred to as layers.

Layer L1 is the source blockchain. The other layers interact with L1 with
varying frequency, but their operations are essentially off-chain
operations, i.e., performed outside the source blockchain. These layers
are external to the source layer. This solution provides significant
advantages by offloading the first layer, but also brings significant
disadvantages.

Fig. 4 — Blockchain superstructures (layers).

The main problems with blockchain layers:

● architectural complexity;
● increased centralization;
● transaction delay;
● need to regularly compare balances with the main network;
● calculations outside the main/main layer (off-chain);
● focus on microtransactions and other problems.

Ethereum Plasma4 and Bitcoin Lightning Network5 are examples of such


architecture.
4
https://ethereum.org/en/developers/docs/scaling/plasma/
5
https://lightning.network/

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Both Bitcoin and Etherium have a market capitalization of billions of
dollars, and the users of these services operate with huge amounts of
money every day. Therefore, there is no point in complicating the
process with unnecessary code and experimentation.

Third Generation
The third generation of blockchain aims to eliminate the problems of the
first and second generations and is currently at the forefront of our field.

Fig. 5 — Avalanche network architecture.

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Such projects include Cosmos, Polkadot and Avalanche, which have
rather unusual infrastructures. These platforms focus on horizontal
scaling with an asynchronous heterogeneous network model, where
subject-specific blockchains coexist within a common network model and
interact with each other when necessary.

In simple terms, these are multichain systems in which blockchain


projects can interact with each other, thereby breaking the cross-chain
barrier. The development of such systems does not occur by layering
systems, but by adding new projects to a single ecosystem.

What can it do for users?

The answer is simple enough, it’s freedom! An ordinary user can choose
which projects he likes, which project’s values align with their own, and
redirect his resources and finances in one direction or another without
trouble, which creates a consolidated flow of crypto-assets. Such
simplicity of interaction creates an open market. As the market of goods
and services declines, low-quality projects drop out, and a process of
"Natural Selection" takes place.

Fig. 6 — Decimal architecture.

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Here we come to what is Decimal. It is a third-generation blockchain
based on the Cosmos SDK.

The underlying technology base Cosmos SDK is for the construction of


blockchains and the implementation of custom project architecture.
Tokenomics and key logic are implemented directly in the Decimal
blockchain. The integrated smart contract module is the foundation of the
customised logic for the target end user. And the final user interacts with
the system via a decentralised application interface.

Fig. 7 — Heterogeneous blockchain model.

Decimal, that built on the Cosmos SDK, with the implementation of the
Inter Blockchain Communication (IBC) protocol, will be integrated into
the Cosmos ecosystem6 and simultaneously combined with the EVM
(Ethereum Virtual Machine) module, which will provide access to the

6
https://mapofzones.com/ — Cosmos Ecosystem Zones.

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Ethereum infrastructure and compatibility with all EVM-based projects
(including BSC).

The core of Decimal is the Tendermint Core.

Tendermint is software for secure and consistent application replication


across many machines. By secure, we mean that Tendermint works
even if up to 1/3 of the machines fail randomly. By consistent, we mean
that each machine in good working order sees the same transaction log
and computes the same state. Secure and consistent replication is a
fundamental problem in distributed systems.

Fig. 8 — Key Components.

Tendermint consists of two main technical components: a blockchain


consensus mechanism and a universal application interface. The
consensus mechanism, called the Tendermint Core, ensures that the
same transactions are recorded on each machine in the same order. The
application interface, called Application BlockChain Interface (ABCI),
allows transactions to be processed in any programming language.
Unlike other blockchain and consensus solutions that come

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pre-packaged with built-in finite state machines (such as a fancy key
store or fancy scripting language), developers can use Tendermint to
replicate a finite state machine BFT application written in any
programming language and their development environment fits.

But we went further and integrated EVM (Ethereum Virtual Machine) into
our blockchain. At the time of writing, only one project in the blockchain
market has such an implementation, which shows our determination to
be at the forefront of technology development.

What are the opportunities offered by the use of smart contracts? The
parties sign a smart contract using methods similar to the signing of
funds in current cryptocurrency networks. Once signed by the parties,
the contract is saved in a blockchain and takes effect. Automated
contract fulfilment necessarily requires an existence environment
(blockchain nodes) that can fully automate the execution of the terms of
the contract. This means that smart contracts can only exist within an
environment that has seamless executable code access to the smart
contract objects.

All contract conditions must have a program description and clear


execution logic. With unrestricted access to the items, the smart contract
determines the achievement or violation of items under the specified
conditions and makes independent decisions based on the programmed
conditions. Thus, the main principle of the smart contract is the complete
automation and reliability of the contractual relationship. This makes it
possible to interact with other ether-like blockchains, creating
collateral-free ERC20 tokens, NFT ERC721 and ERC1155 tokens that
can be sent seamlessly to other networks. That's not all, see the Decimal
Smart Chain section for more details.

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6. DEL Coin
DEL is the token of the Decimal blockchain. It means that DEL is a base
token at the core of the blockchain (in the node), it is a condition for the
execution of the program logic of the blockchain itself. To execute any
program logic (sending coins, creating a custom token, delegating, etc.)
it is required to have DEL7 to consume gas in transaction fees for
executing that logic.

Fig. 9 — DEL token and its functions.

7
In the form of a DEL balance on the wallet or DEL reserve for custom coins.

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In other words, the DEL coin is an integral part of Decimal's blockchain
software, without which the logic of the blockchain would be broken.
Existence, spending in the blockchain, mining the coin are the motivation
and incentives for the user's actions within the blockchain.

DEL coin cannot be a means of payment in the real world and is


valuable only in our blockchain because it gives the user access to the
platform's services. By analogy, oil is a valuable material, but only within
certain industries (automotive, construction, etc.), so you cannot pay with
oil in a store. Money, for example, is a universal means of payment, so
you can use it to pay for oil and generally any good or service.

But then why does a coin have a price? It's very simple, the price of a
coin is formed by the number of users for whom it is valuable. If there are
a lot of active users and few coins are in free circulation, the price of a
coin or token becomes high due to the demand. Conversely, if user
interest in the platform drops, there are fewer active transactions and the
price decreases.

DEL is the catalyst for all ecosystem processes. The following chapter is
enhanced "Functionality". There is observed in detail the variety of
functions of the Decimal platform, and everything is possible due to DEL.

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7. Intermediate result

Decimal's main network has been up and running since August 1, 2020,
it’s been two years8. Who doesn't know their history has no future. And
we remember how it all began and are proud of the path we've taken.

Basic functionality was provided at the start:

1. Coin Creation;
2. Sending Coins;
3. Coin minting9/burning;
4. Delegation;
5. Creation and repayment of receipts;
6. Validator node management.

This functionality is now available through the Console and Block


Explorer interfaces.

Broadening horizons:

January 2021

Voting: making suggestions for improvements for the development team


to consider.

May 2021

Cross-chain swap: coin transfers between Decimal, Ethereum and


Binance Smart Chain networks.

8
As of August 2022
9
from "mint" — generation or issuance of coins in blockchain

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June 2021

Public NFTs are non-interchangeable tokens with a publicly available


token fragment.

October 2021

Private NFTs are non-interchangeable tokens that are fully viewable only
by the current owner of the token.

Statistical data
The Decimal Observer pages provide up-to-date statistics on the main
metrics of network performance at the moment10.

Delegated coins

Fig. 10 — Coin Delegation Graph.

Over 1,906,993,443 coins have been delegated (link).

10
August 2022

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Number of validators

Fig. 11 — Graph of the number of validators.

46 validators (link).

Total emission

Fig. 12 — DEL emission graph.

The total issue is more than 2,000,000,000 DEL (link).

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Number of blocks per day

Fig. 13 — Graph of the number of blocks.

On average, ~15,500 blocks are generated per day (link).

Number of transactions per day

Fig. 14 — Graph of the number of transactions per day.

An average of about 2,500 and more transactions per day (link).

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Project capitalization

Fig. 15 — Capitalization graph of the project.

Capitalization of the project is more than $15,000,000 (link).

Number of unique addresses

Fig. 16 — Graph of the number of unique addresses.

At the time of writing, the number of unique addresses was 140,691


(link).

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Conclusion
Over the course of time, the project has shown its reliability by surviving
several bear markets, and expanding its functionality at the same time.
Studying metrics, we can conclude that despite the situation on the
market, the number of unique addresses continues to grow. The number
of delegated coins is growing, which means that the number of users
and like-minded people who join our ranks is growing.

7. Functionality

We keep pace with the times, adhere to market trends and improve the
Decimal system in a timely manner. The functionality of Decimal can be
divided into basic and new conditionally. The new functionality is based
on the implementation of EVM (Ethereum Virtual Machine) into our
blockchain, which enables the use of smart contracts.

Among the advantages of smart contracts, there are:

● protection against unauthorized changes;


● transparency means tracking the execution stages of a smart
contract in real time;
● privacy means that despite all contracts being kept in a public
distribution registry, the parties may remain anonymous;
● high-speed performance;
● self-execution.

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7.1 Basic functionality
7.1.1 Creating custom coins
Every user can create his own crypto coin on our platform. It takes
three simple steps:

1) come up with a name for the coin;


2) set the parameters of the coin (CRR, initial and maximum issue,
the size of the reserve in DEL);
3) confirm the sending of a coin creation transaction.

7.1.1.1 Changing the Maximum Issuance of Custom Coins

The user may want to increase the initially specified "Maximum Issue"
parameter. This is easily done with the "Coin Issue" section and in the
settings of the token to increase the issuance by adding DEL.

7.1.1.2 Commission payment with custom coin

It is possible to pay commissions for transactions on the network with


custom coins, as they are backed by DEL.

And if you decide that too many coins are in circulation, then each
participant has the opportunity to burn (destroy) the coins.

7.1.2 Creating NFTs (non-fungible tokens)

Decimal's blockchain supports creating, sending, storing, burning and


delegating NFT/SFT tokens. As well as changing the reserve of created
tokens. Any user, using a general console interface, can upload an
image, audio or video file.

NFT (Non-fungible token) is a unique token that proves ownership of a


digital asset. Unlike interchangeable tokens, such as Ether in Ethereum,

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each instance of NFT is unique and cannot be replaced by another
similar token.

SFT (Semi-fungible token) is a semi-replaceable token issued in limited


collections. Such tokens are interchangeable only with other tokens of
the same issue (collection). The collections themselves are unique.

NFT and SFT demos, such as a cover or a demo excerpt, are available
to all Decimal users via Explorer. The token holder has access to the
full-size file through a convenient console interface.

NFT and SFT can be private. Private tokens have restrictions on viewing
— only the owners of the token have access to such files. Other users
can only view information about transactions related to the token through
Explorer. Owners of private tokens can also view/listen to files
associated with their tokens in the console.

The files downloaded when creating NFTs and SFTs are stored securely
on stable servers. If a user has a need to store data in their own storage,
they can do so through the API.

In the future, the team plans to organize data storage in a distributed file
system IPFS. This will further increase the decentralized approach to
NFT creation.

Fig. 17 — Architecture of centralized (left) and distributed data storage (right).

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IPFS is a peer-to-peer distributed file system that connects all computing
devices with a single file system. In a sense, IPFS is similar to the World
Wide Web. IPFS can be thought of as a single BitTorrent-rooy,
exchanging files from a single Git repository. In other words, IPFS
provides a content-addressable block storage model. In simple words,
instead of downloading files from individual servers, IPFS queries peer
nodes on the network and they specify the path to a specific file, rather
than accessing a central server, reducing the load on the server. This
allows large amounts of data to be distributed with high efficiency, while
giving the user maximum security because only the NFT owner can
access the file.

7.1.3 Storing and sending coins and tokens

In the Decimal console, the user can create, burn, receive, store, and
send DEL, custom tokens, and non-exchangeable tokens.

7.1.4 Delegation and Unbonding

Validators generate blocks and get paid for that. A validator could be
delegated with more coins. So, the more coins are delegated the more
chances the validator has to create and put a block. Each member of
Decimal can be rewarded by delegating assets (DEL, coins, and even
NFT) to the validator, but the choice of validator should be made
responsibly since the validator shares not only rewards but also
distributes fines between users.

7.1.5 Multisig Wallet

A multisig wallet is a shared account accessed by multiple wallets. The


voting from participants with access is required to withdraw tokens.
Voting guarantees that none of the participants can not solely dispose of
the funds11.

11
provided that the weight of that participant's vote is not greater than that required to make the
decision unilaterally.

29
7.1.6. Cross-Chain Transactions

With cross-chain swap, Decimal users can transfer coins between


Decimal, Ethereum and Binance Smart Chain blockchains. By sending a
coin to another network, the user will receive tokens of the target
blockchain in his wallet.

There is no exchange rate for such a transaction. If you send 10 DEL


from Decimal, you will receive 10 DEL, only already in the target
blockchain (Ethereum or BSC).

Transfers can be made to the following destinations:

Decimal > Ethereum;

Ethereum > Decimal;

Decimal > BSC;

BSC > Decimal;

BSC > Ethereum;

Ethereum > BSC.

The swap fee is paid by the sender. It is important to note that the fee is
imposed for two transactions — in the target and source blockchains. It
is absolutely free for the recipient. It is possible to receive a transfer
transaction even if the wallet is completely empty.

Making a cross-chain swap is simple. The sender only needs to specify


the recipient's address, select a coin, specify the amount to be sent, and
confirm the sending of the swap in the user console.

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Fig. 18 — Cross-chain bridge connection architecture.

Also, Decimal's near-term plans include the implementation of interaction


with other Cosmos blockchains via the IBC protocol, which will allow for
coin transfers and swaps within a common network.

The Inter-Blockchain Communication (IBC) protocol12 is a protocol for


authentication and data transfer between blockchains. IBC requires the
minimum set of features specified in Interchain Standards (ICS)13.

The IBC can be used with a wide range of blockchains or state


machines14. The IBC protocol provides a permission-neutral way of
relaying data packets between blockchains, unlike most bridging
technologies. IBC security comes down to the security of the circuits
involved.

12
https://tutorials.cosmos.network/academy/4-ibc/what-is-ibc.html
13
https://github.com/cosmos/ibc/tree/main/spec/ics-001-ics-standard
14
It is an abstract behavioral model that can be in exactly one of a finite number of states at any given
time.

31
Fig. 19 — Architecture of interblockchain communications.

The transport layer (TAO) provides the necessary infrastructure to


establish secure connections and authenticate data packets between
chains. The application layer builds on top of the transport layer and
defines exactly how data packets are to be packetized and interpreted by
the sending and receiving chains.

7.1.7 Voting validators

The block proposal is made by a block producer, who is assigned by a


probabilistic algorithm.

To approve a block, the number of votes for the block must be at least
2/3 of the total number of votes — this condition is denoted by 2/3+.
Otherwise, an alternative block will be proposed, and the next block, and
more, until the condition on the number of votes is met.

32
This is where the Voice Power plays a big part.

Fig. 20 — Validator list screen.

Each validator has a stake, which, on the one hand, he risks in case of
his incorrect behaviour, on the other hand, in proportion to which the
reward for creating the block is distributed.

In the Decimal blockchain, 1 vote equals 1 DEL of a steak. Thus, the


strength of a vote is the size of the validator steak, expressed in DEL.

The larger the validator's stake, the more weight the validator will have in
relation to other validators, the more likely he is to become and be
appointed as a block producer and the more of the reward he will take
for himself.

In turn, the validator's stake consists of his own money and the number
of coins delegated to the validator. The better the validator performs his
duties, the fewer fines he receives, the greedier the commission, the
more people trust him with their coins, and the greater his Power of
Voice.

33
7.2 Decimal Smart Chain

Interactions between participants in processes can be programmed in


the form of smart contracts. As a set of virtual promises accompanied by
enforced protocols, they were first proposed in the 1990s by Nick Szabo,
a pioneer of modern computer science. An early version of the smart
contract implementation can be seen in the Bitcoin protocol, which
records evidence of payments.

Blockchain-based smart contracts store all terms in a distributed


database that cannot be changed. In addition, payments and
counterparties are automated in the blockchain. With EVM (Ethereum
Virtual Machine), smart contracts can be created and executed more
easily than ever before because complex transactions can be coded into
the system.

Decimal Smart Chain is the second generation of Decimal. In addition to


all the current functionality, we will add an EVM module, a software
platform that developers can use to create decentralized applications
(dApps) based on Decimal.

7.2.1 DEX

The availability of smart contracts opens the door to the big world of
decentralized finance (DeFi). One of the typical and popular modern
dApp is the decentralized exchange (DEX)15.

15
https://uniswap.org/, https://pancakeswap.finance/ and others.

34
On such an exchange, it will be possible to exchange coins/tokens of the
Decimal ecosystem, as well as to participate in liquidity pools. This would
include decentralized and algorithmic stackcoins that exist in the Decimal
blockchain, as well as other coins and tokens created on other
blockchains.

7.2.2 DAO

DAO (DAO) is a decentralized autonomous organization, a software built


on Decimal smart contracts.

The point of the DAO is for the Decimal user community to own the
entire issue of DEL coins mined and held by early investors, and to
participate in project management and process organization.

Namely:

● votes for the appointment of the CEO;


● votes to update the network and its functionality;
● the right to change the development team;
● makes suggestions for updates;
● pays "dividends"-rewards to network members;
● issues an algorithmic stablecoin;
● redeems the DEL coin from the market to provide an algorithmic
stablecoin;
● and more16.

7.2.3 Stablecoin

Decimal blockchain was developed by Decimal PTE. LTD.17 registered in


Singapore.

16
More details about DAO will soon be outlined in a separate document.
17
As of August 2022, the company has submitted documents to MAS and is awaiting confirmation.

35
Because of the Standard Payment Institution Licence, the company can
provide the following services:

● Digital payment token service — the ability to buy/sell


cryptocurrencies (digital payment tokens) or providing a platform
that allows people to exchange cryptocurrencies (DPTs);
● A merchant acquisition service — providing a processing service
— payment gateway and POS terminals (the ability to connect
merchants of goods/services and accept money as payment for
their services using bank cards);
● An e-money issuance service — the ability to issue electronic
money, which the customer can use as a means of payment for
goods and services from the merchant or use to send to others
(registration of e-wallets, replenishment of his account, withdrawal
to his account, transfers between purses within the system).

This opens up the possibility of creating stablecoins according to the


classical model — the issuing company provides the acceptance of
funds against the pledge of the issued stablecoins. As well as organizing
the processing of this stablecoin.

The development of Decimal in this direction will lead to a system of


derivatives, that is, a variety of assets, with understandable for any user
and specific scenarios of use, such as but not limited to, wrapped
tokens. And, of course, it will attract additional liquidity to the ecosystem.

7.2.3.1 Algorithmic Stablecoin

The problem of stability of cryptocurrencies is still quite high. In the near


future, we can hardly expect this situation to stabilize. Many have tried to
find a solution, for example, Tether released a secured cryptocurrency
USDT. However, it has been criticized for centralization. Having a single
manager leads to risks.

36
This is where algorithms and classical mathematics came to the
community's aid, leading to the emergence of algorithmic stablecoins.

Even though the Decimal team is in favour of the "one Bitcoin = one
Bitcoin" theory, we do not deny the fact that we live in a world where
there is an equivalent price to the national currencies of the country in
which we live. And in our system, we need some semblance of stability
in order to have some kind of foundation from which or to which we can
make calculations.

Algorithmic Stablecoins involve an economic incentive for the users


themselves to maintain a stable token value.

- If the value rises, it is profitable for the user to issue new coins and sell
them on the market.

- If the value falls, it is profitable to burn the tokens, repaying the loan at
a cheaper price.

These processes are controlled by a chain of smart contracts and the


Oracle service, which stabilizes the price in two cases:

1) excessive growth of collateral;

2) a significant drop in collateral.

Growth of collateral:

Stage 1. As long as the price is within acceptable limits, stabilization


occurs by changing the profitability of buying stablecoin.

Stage 2. The price growth has exceeded the upper limits, the
mechanism of minting (issue) of stablecoins is launched, users are
invited to take the excess tokens.

Falling rate of collateral:

Stage 1. The mechanism is the same.

37
Stage 2. Start of liquidation. Those collaterals, the amount of which is
critically low, are liquidated. They are put up for auction, but the user can
save his collateral by replenishing the collateral.

Stage 3. The tokens received for selling the pledge are burned, thereby
stabilizing the price.

7.2.4 Launchpad

Crypto Launchpads are platforms that help investors find new crypto
projects and help crypto projects find investors (crowdfunding). They are
also places where developers and creators can showcase their products
and get quick access to the market.

Due to their decentralization, accessibility and low cost, launchpads have


gained attention and secured their status as the "standard" tokensale.

Benefits:

● Security — projects are thoroughly checked, so there is virtually no


scam;
● in the case of IDO — simplified technical side of the issue,
because you can make a purchase already from a registered account;
● guaranteed listing in the future;
● simplicity and accessibility — potential investors can choose the
project they like;
● Minimal restrictions — not only professional traders can buy a new
token;
● Minimal costs — smart contracts are responsible for most of the
processes;
● Transparent terms of cooperation.

38
7.2.5. Integration with Ledger

Ledger18 is a global manufacturer of hardware wallets.

It supports dozens of the most popular cryptocurrencies. So many users


around the world are used to these devices, which are very convenient.
Being in the pool of supported cryptocurrencies is not only prestigious
but also a modern necessity if the project strives to provide the highest
level of security and convenience of ownership for its users.

We have developed an application to support Decimalchain coin in


Ledger devices. As of this writing (August 2022), the Decimal build is
being audited by the hardware wallet vendor.

7.2.6 Support for the collateral-free token (ERC20)

The implementation of the EVM module greatly expands the scope of


Decimal. It is possible to implement any logic. Including all kinds and
standards of tokens.

As a special case, a collateral-free token does not require DEL as a


reserve. Such a token can be endowed with any qualities and
tokenomics. It can be created by any developer in the EVM compatible
blockchain ecosystem who knows the Solidity programming language,
but we went further and made it possible without any help for the
average user who has no programming skills. Now you don't need to
look for developers to develop a smart token contract for you, but create
it on our platform.

18
https://www.ledger.com/

39
7.2.7. Dynamic transaction fee

Ethereum charges for transactions based on gas to execute smart


contracts. The problem is that whether you perform a simple transfer or a
complex transaction settlement, they are all processed on the same
network. As a result, when traffic on the network increases, transaction
fees increase even for simple actions, user transactions compete with
each other, and transactions with higher fees are confirmed faster.

Fig. 21 — Ethereum Average Gas Price Chart.

https://etherscan.io/chart/gasprice

The cost of ETH itself to pay fees is also very volatile and high at times
of high network load. This causes great discomfort to users of various
Ethereum decentralized applications due to large, and sometimes even
huge, transaction fees or long transaction confirmations on the network.

Decimal offers to buy out/eliminate the risks associated with the cost of
transactions on the network.

40
Fig. 22 - Graph of ETH exchange rate to USD.

https://coinmarketcap.com/currencies/ethereum/

We will fix transaction fees relative to the U.S. dollar exchange rate ~
$0.04 (the cost of DEL native coin sending transaction). If your
transaction costs 4 cents today, it will cost the same tomorrow, and the
day after tomorrow too19.

A special service (Oracle) monitors such rating agencies with DEL/USD


rates as CoinMarketCap, CoinGecko, CoinMarketRate, CoinPaprika and
others. When DEL becomes more expensive the commission amount in
DEL is recalculated downward. And vice versa, when DEL becomes
cheaper relative to USD the commission in DEL will be increased.

19
with the DEL transaction fee will change in proportion to the current DEL to USD exchange
rate.

41
Calculated examples of commission costs are shown in the table below.

Asset Types Transaction type Average Gas quantity reduced Commission


amount of to values in Decimal in $
gas

ERC20
contract depletion 1178246 1178246000000 2.24

token mining 51349 51349000000 0.10

transfer 40158 40158000000 0.08

transfer approval 33024.33333 33024333333 0.06

transfer From 36355.66667 36355666667 0.07


ERC721 (NFT)
contract depletion 1712211 1712211000000 3.26

token mining 153379 153379000000 0.29

transfer 49464 49464000000 0.09

transfer approval 35522.33333 35522333333 0.07

transfer From 50204 50204000000 0.10


ERC1155 (NFT)
contract depletion 2241618 2241618000000 4.27

token mining 64755 64755000000 0.12

transfer approval 46291 46291000000 0.09

transfer From 53895 53895000000 0.10

Any min transaction 26513 26513000000 0.05

Any max transaction 19529391 19529391000000 37.20

DEX min transaction 180000 180000000000 0.34

DEX max transaction 300000 300000000000 0.57

DEL transfer 21000 21000000000 0.04

42
7.2.8 Dynamic Coin Creation Commission

The current coin creation functionality assumes fixed creation fees


depending on the length of the ticker:

3 letters — 1,000,000 DEL (was) => $100,000 (became)

4 letters — 100,000 DEL (was) => $10,000 (became)

5 letters — 10,000 DEL (was) => $1,000 (became)

6 letters — 1,000 DEL (was) => $100 (became)

7-10 letters — 100 DEL (was) => $10 (became)

Similar to dynamic transaction fees and using the same technology


under the hood, these numbers will be revised.

The cost of the transaction, in dollar terms, remains the same, but the
price in DEL may change depending on the exchange rate of the coin.
When the exchange rate is high, the price is lower, and when the
exchange rate is low, the price is higher.

7.2.9 Extended NFT/SFT capabilities

The new version expands the user experience for non-interchangeable


tokens.

NFT/SFTs can be sent in multi-send transactions — one sender, many


recipients;

43
NFT/SFT can be sent to Ethereum and Binance Smart Chain
blockchains using the cross-chain transaction feature.

7.2.10 Burning Coins

Any user can directly influence the value of their custom coin, and even
the price of DEL, using the coin burning function. How does this happen?
There is a functionality of sending a special Burn coin transaction in the
Decimal Console, specifying the exact coin and amount. In the case of a
custom coin, the coin itself is burned, and the reserve in DEL does not
change, thereby a smaller number of coins relates to the same reserve,
and their value increases. A user can burn only those tokens that he has
on his wallet. When burning DEL, the mechanism is simpler, the user
simply burns DEL.

The burning of coins applies to all commissions for all transactions as


well, namely, 50% of the commission of any transaction is burned. If the
commission is paid in DEL, then DEL is simply burned, and if the
commission is paid in a custom coin, the amount of the custom coin is
burned (its emission decreases) and the corresponding equivalent of the
reserve in DEL burned (the reserve decreases).

7.2.11. Validator change by delegate

An additional option for delegation will be the ability to move a steak from
one validator to another within 7 days.

44
8. User scenarios

8.1.Unit of accounting (cashback, loyalty points,


bonuses)
Any coins or tokens can be a unit of account in the economics of the
project, just a quantitative metric to assess value (loyalty to the company,
involvement in processes, brand promotion, and so on) that can be
converted into the main product, receive discounts or unique bonuses.

● BTT — BitTeam token

This is a token of the BitTeam company. The company gives out this
token as a reward to attract users. The token is accepted back as a
loyalty point or similar for certain actions/features. The initial issue is
given away and accepted tokens are burned.

The idea is that the user is motivated to hold the coins as long as
possible and after some time can safely use them when receiving
services on the site. It is also envisaged that users can independently
emit and burn coins within the maximum issuance in the blockchain itself
by investing or withdrawing from the DEL reserve by changing the token
price to DEL, which introduces gamification into token circulation and
creates an advertising effect for the site and the project.

An example of token distribution is:

- Bounty Program;

- Referral program;

- Subscriptions to chats and channels (social networks).

45
Example of token withdrawal from circulation:

- Using a token when connecting the "PRO status" service of a user;


- Boosts;
- Exchange for the opportunity to get an avatar;
- Using token when paying commissions (with 50% discount);
- Listings (listing on $3k Tether and $17k in BTT users must vote
token on the site).

The economics of the BTT token.

Maximum emission 500k BTT

Initial Reserve 1.2k Del

CRR 80%

Burning once a quarter 20% of all Bitteam revenues

If the company did not get that 20% in token, then it must redeem the
token from the market for the missing amount within 1 week, but no later
than the burn date.

The maximum issue will be reduced by the number of burned coins with
each burning.

The number of tokens held by the company and not included in the
number of tokens burned can be re-distributed as part of the actions
described above.

8.2 Storing and transmitting information


The crypto industry is evolving toward more decentralization. The case
of "uniqueness" (assets, qualities, parameters of something) has already
been implemented in the network in the form of NFT. The logical

46
development of this idea will be the implementation of uniqueness for the
individual in the network and the construction of a decentralized society.

Vitalik Buterin in his article20 outlined the concept and example of the
implementation of special Soulbound tokens (SBT), which will bring the
uniqueness and uniqueness of each individual to the network.

● Decimal ID

The issues of network security and identity authentication become


relevant when interacting with various services that require identification,
both governmental and commercial. Decimal ID will allow organizing
your identity confirmation safely and reliably, with unambiguous correct
identification, but without disclosure of personal information (passport
data and so on).

Your counterparties will always be able to understand that they are


interacting with you and not someone else.

Decimal ID will give you full control over your personal data. Share your
data as much as is acceptable to you.

And be yourself in the network and society of the future.

8.3 Derivatives (transfer of rights to valuables)

By derivatives we mean derivatives of various kinds. That is, not "raw"


technology, but something ready-made for a particular relatively simple
and transparent user scenario.

● Stablecoin Decimal
● Algorithmic Stablecoin Decimal

20
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4105763

47
Descriptions are provided here and here.

● NFT (non-fungible tokens)

The first implementation of NFT (non-interchangeable tokens) in Decimal


implied a reserve only in the form of a DEL token. To expand the
possibilities, the NFT reserve can be expressed in any custom coin and
entered when the NFT is created.

The further mechanism is similar to the usual work with custom coins via
CRR, for which the actual equivalent in DEL is calculated, the price of
delegation is determined and the rewards are calculated.

8.4 Cross-platform
This is all sorts of interactions with other blockchains, heterogeneous or
not, within one or more ecosystems. This includes bridges,
cross-blockchain protocols, cross-chain transfers, and atomic swaps. In
simple words, the ability to transfer tokens is made both inside and
outside of a single blockchain.

Bridges allow cryptocurrency holders to "move" (or "flip") their assets


between different blockchains. These cases are listed for the sake of an
example, and the integration of functionality will happen soon (more
details in the Roadmap section).

48
● Keplr Wallet

keplr.app is an open-source browser extension wallet that supports the


Cosmos cross-network ecosystem. It provides account and wallet
management features for all Cosmos-SDK-based blockchains.

● Osmosis DEX

Osmosis is a decentralized exchange (DEX) based on a next-generation


automated market maker (AMM).

Osmosis introduces the new Adaptive Automated Market Maker (AMM)


model running in the Cosmos ecosystem. The Osmosis cryptographic
ecosystem, appealing to both sellers/buyers and developers, offers
multiple use cases and compatible modular tools for developers.

In conjunction with Decimal via IBC, the Osmosis protocol allows for
cross-network swaps and liquidity pools with tokens from any blockchain
connected to the Cosmos ecosystem.

8.5. DeFi
It’s a wide range of decentralized applications for the financial sector,
such as decentralized exchanges (DEX), exchange platforms, loans and
instant loans (flash loans), liquidity pools and so on.

● DEX

The launch of the first decentralized Decimal service is scheduled for


early 2023. A detailed description will be provided closer to the target
dates. The main points are described here.

49
● Launchpad

In conjunction with the previous item organizes the cycle of development


of the cryptoproject from the idea, attracting the audience and rounds of
investment to the exit to the open market.

For more on the Decimal team's plans, see the Launchpad section.

● Crypto loans

Allow you to unlock the value of digital assets by using them as collateral
for a loan. A very wide audience gets access to credit. Such loans can
be disbursed very quickly.

Including instant loans that do not require collateral, such as leveraged


arbitrage deals on DEX.

The details and economics of this case are being worked out by the
Decimal team.

8. 6. Come up with your own custom script

Custom scenarios are not limited to the list above. On the basis of
Decimal, an unlimited range of such scenarios is possible. We offer you,
those who are closest to their audience and understand their needs and
format of communication, to provide the specifics. And the Decimal team
is always ready to support initiatives, including in terms of refining or
customizing the functionality of our blockchain.

50
9. Mathematics

Every custom coin in the Decimal ecosystem is backed with DEL coin.
The CRR parameter allows you to determine the value of a custom coin
in relation to any other coin in the Decimal network and directly to DEL,
to guarantee the possibility to exchange with any other coin and to adjust
the price variability (volatility) of the coin. For different business models
of user projects, it is possible to provide a different measure of
riskiness/profitability of coins in terms of their value.
CRR (Constant Reserve Ratio) is the security percentage of your coin.
For an initial issuance of 100 coins worth 1 DEL each, 30 DEL is
required to set the CRR=30%. It directly affects the coin's price and its
growth rate.
In Decimal, due to the pledged financial collateral, which guarantees the
reliability of the issuer, the coin can be traded immediately after it is
created. Collateral is deposited when the asset (coin) is created and, in
proportion to the CRR, rises when you buy it and falls when you sell it.
This mechanism helps you calculate the current price of an asset using a
mathematical formula rather than the stock market. It helps you make
more informed decisions.
Let's say we release Happy Coin, to reward bypassers for smiles, in the
amount of 1,000,000 coins. We give it a liquidity of 20% of the issue by
putting 200,000 DEL into the blockchain when we create the token. In
this case CRR = 20%. And the value of 1 HPC = 1 DEL.

Buy an additional 1,000 HPCs:


Purchase amount = Reserve * (-1+(((wantBuy + Issue) / Issue) ^ (100 /
CRR)) = 200000 * (-1+(((1000 + 1000000) / 1000000) ^ (100 / 20)) =
1002 DEL
That is, to buy 1,000 HPCs we would spend 1,002 DEL.
Now Reserve = 200,000 + 1,002 = 201,002 DEL.
And the issue of HPC = 1 000 000 + 1 000 = 1 001 000 HPC. In this
case, let's calculate the cost of 1 HPC using the formula Price = Reserve
* (1-(1-1/ Issue)^ (100 / CRR)) = 201,002 * (1-(1-1/1,001,000)^(100/20))
= 1,004 DEL.

51
Now sell 1,000 HPCs:
Sales Amount = Reserve * (1 — (1 — Want to Sell / Issue) ^ (100/ CRR))
= 201002 * (1 — (1 — 1000 / 1001000) ^ (100/20)) = 1,002 DEL.
That is, for the sale of 1,000 HPCs we gained 1,002 DEL. The
reserve has decreased and is again equal to 200,000 DEL. The
issue also decreased to 1,000,000 HPC. Again calculate the value of
1 HPC
Price = Reserve * (1-(1-1/ Issue)^ (100 / CRR)) = 200,000 *
(1-(1-1/1,000,000)^(100/20)) = 1 DEL.
The price of 1 coin again became equal to 1 DEL.

It is worth noting that with the appearance of smart contract functionality,


it is possible to create any type of token (Ethereum ERC-20, ERC-721,
ERC-1155 and others). The author of a smart contract is free to put any
functionality into his tokens, so the mandatory reserve requirement in
DEL does not apply to such tokens. Consequently, the economics of
such tokens are not governed by the mathematical formulas above.
These are tokens without reserve. For more details, see section 7.2.6
Supporting a collateral-free token (erc20).

Transaction fee calculation

The transaction fee on the Decimalchain is the sum of a fixed rate of the
transaction type and the cost per unit of transaction volume in bytes.

Fixed rate: 1 unit = 0.001 DEL

For example21

21
for more information, see https://help.decimalchain.com/decimal-txs-fees/

52
send — 10 units — 0.01 DEL

Multisend — 10+(n-1)x5 units (n — number of recipients) — 15 units (2


recipients)

sell — 100 units — 0.1 DEL

sell — 100 units — 0.1 DEL

buy — 100 units — 0.1 DEL

A transaction is simply an informational message. It specifies what, how


much, to whom, and from whom it is sent, as well as service data. The
volume of a transaction is the volume of all the information the
transaction consists of:

● service (signatures, parameters, etc.);


● custom (sending coin ticker length, commission coin ticker length,
sending amount, text message).

The cost of 1 byte of the total transaction volume: 2 units (0.002 DEL)

This mathematics for calculating transaction fees is retained, but


adjusted by the new functionality described in 7.2.7 Dynamic Transaction
Fees.

Also, we remind you that 50% of any commission of any confirmed


transaction is burned. For more information, see 7.2.10. Burning Coins.

More information about the math and principles of the project can be
found in the Decimal Yellow Paper and the Decimal Economy Guide.

53
10. Roadmap

Q3 2022
1. Smart contracts — placement of smart contracts in the blockchain,
verification of smart contracts, interaction through transactions,
display in the Observer;
2. Moving your delegated coins from one validator to another
validator;
3. Wallet branding (a public signature of the owner of the
wallet/contract address in the blockchain);
4. Ability to put custom tokens in the NFT reserve
5. Dynamic commission for transactions and coin creation.

Q4 2022
1. Integration into the Metamask browser extension;
2. Integration with Ledger — storage, sending transactions and DEL
delegation on Ledger devices
3. The function of creating tokens (collateral-free ERC standards) in
the Decimal Console, including the ability to change the issue after
creation;
4. Cosmos IBC — integration of Decimal into the Cosmos network via
the IBC protocol.

Q1 2023
1. NFT bridge from Decimal to the Cosmos network and back via the
IBC protocol;
2. Coin transfer from Decimal to the Cosmos network and back via
the IBC protocol;
3. Transfer tokens from Decimal to the Cosmos network and back via
the IBC protocol;

54
4. DEX is a decentralized exchange similar to Uniswap and
Pancakeswap;
5. Launchpad is a platform for promoting and seeking funding for
various crypto projects. Developers and creators can demonstrate
their products and get quick access to the market with placement
on Decimal, a decentralized exchange.

Q2 2023

1. Creating an algorithmic Stablecoin Decimal;


2. DAO is a decentralized autonomous organization, software built on
Decimal smart contracts;
3. The Decimal user community owns the issue and participates in
project management and process organization.

Q3 2023
1. Running a sidechain for NFT with IPFS implementation.

Q4 2023
1. Browser Extension Wallet Decimal is a decentralized application
for storing coins, Decimal tokens, secure and convenient
interaction with the blockchain and Decimal services.

55
11. Additional information

https://decimalchain.com/WPengV1.pdf — White Paper, Version 1

https://decimalchain.com/YPeng.pdf — Yellow Paper, Version 1

https://decimalchain.com/EGeng.pdf — Decimal Economics, Version 1

https://decimalchain.com/wiki — Wiki Decimal

https://help.decimalchain.com — help page

DAO — (document under development, will be available soon)

Launchpad — (document under development, will be available soon)

Algocoin — (document under development, will be available soon)

Stablecoin — (document in development, will be available soon)

56
12. Glossary
A validator is a Decimal user involved in consensus reaching.

A delegator is a Decimal user who entrusts his coins to the validator


and receives a proportional share of the reward for doing so.

A coiner is a Decimal user who issues his own tokens.

Broadcast is a Decimal service that allows you to create a transaction


offline and then send it to the blockchain network.

Multichain is the ultimate router for web3, allowing almost all


blockchains to interact. To meet the clear needs of different and diverse
blockchains to communicate with each other. Each blockchain has its
own unique services it provides, its own community and its own
development ecosystem.

A coin is an digital unit of value that is cryptographically protected and


exists in a blockchain.

Minting is a way and process of generating or issuing new coins in


exchange for organizing and maintaining the Decimal network, namely
establishing consensus by voting.

Mining is a way and process of generating/issuing new coins through


solving computational problems.

PoS (Proof-of-Stake) is an algorithm for reaching a consensus between


network participants based on a participant's security deposit at risk.

pBFT is a consensus algorithm based on the voting process for a block


of candidates.

A masternode is a node in the Decimal network that stores a blockchain


replica and participates in consensus building.

Finalization is the process of final approval of a transaction. The


transaction in the Decimal network couldn’t be cancelled right after the
respective block is added into chain.

57
Confirmation is the process of approving a transaction and writing it to
the blockchain.

A native token/coin is a basic and key blockchain coin.

Transaction — information message about sending funds in the


blockchain network.

Blockchain is a decentralized database in which all records (blocks) are


linked together by cryptography.

A custodial wallet is a way of storing money, where the private keys of


crypto addresses are owned by the service provider.

A non-custodial wallet is a way of storing funds, where the private keys


of crypto addresses are owned exclusively by the owner of these funds.

Consensus is the fact of asserting agreement between participants in a


suspicious environment.

Sidechain is a technology under active development that allows tokens


and other digital assets from one blockchain to be securely used in
another blockchain and then (if necessary) returned to the original
blockchain.

58
13. Contact information

We are always happy to see you on our resources, communicate


and share opinions.

Official homepage:

https://decimalchain.com/

Email:
[email protected]/

Pages in social networks:


Telegram — https://t.me/decimalchain_en
Youtube —
https://www.youtube.com/channel/UCIw9u4WWIU3x6qrtqkg81MA
Twitter — https://twitter.com/DecimalChain
Facebook — https://www.facebook.com/decimalchain
Medium — https://decimalchain.medium.com/
Reddit — https://www.reddit.com/user/DecimalChain/
Discord — https://discord.gg/WhnrTMbrCe
BitBucket — https://bitbucket.org/decimalteam

Company:

DECIMAL PTE. LTD.


Company number 202037249R

Address:

400 ORCHARD ROAD #05-25


ORCHARD TOWERS Singapore 238875

59

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