The Decent Network is an ambitious blockchain project that plans to disrupt and better the content distribution industry by hosting content in a decentralized network which can then be purchased directly from the content publisher, avoiding middlemen fees, censorship and hacks.
Following the completion of its 2016 Initial Coin Offering (ICO), Decent has been building up to its platform launch both in terms of marketing and development, launching multiple test nets before the official platform launch, where ICO investors could test the network for possible bugs and imperfections.
On the 30th of July, the Decent Network was finally launched along with the DecentGo market and the Decent (DCT) token, the latter of which is currently trading in the Bittrex exchange. Both the launch of the market and the network itself went smoothly with more than 1700 accounts were handled and over 27M DCT distributed so far.
The DecentGo market is the “the first web-based application and online DCT wallet built on DECENT Network”, allowing ICO investors to reclaim their DCT tokens previously purchased during the crowdfunding campaign – Read more here.
Although the Decent Go digital marketplace still needs to be “filled” with content, one can already get a feeling of what is to be expected through the current Beta platform. Users will be able to create an account which comes with its own wallet and to search for content, authors and categories. They will also be able to buy the content directly from the publisher and leave a rating and/or review.
If you want to try the Decent Network itself, you can also download the software, which can be found here. The release includes the DECENT Core and a GUI (Graphical User Interface) client for Windows and Mac OS. By doing so, users can start earning DCT through a process previously described by the Decent team.
The Decent Network runs on a Delegated Proof-of-Stake (DPoS) consensus mechanism in which miners use the number of coins (stake) to mine instead of hashing power. Miners are voted by the community which “lends” its mining power to the delegates. Mining is already active in the Decent Network. In order to give everyone an equal chance to join, the mining rewards will start when the 100,000th block is mined. Click here to learn how to mine DCT.
One week into the launch and already the Decent team has good news to share. In its most recent blog post, the team shares some recent data that points towards the popularity of the network with over 1700 accounts were handled over $2,224,786.67 of average 24 hour volume reached.