Q: Is DECENT some kinda fancy acronym or something?
Why, yes it is. D.E.C.E.N.T. stands for:
D - ecentralized Network
E - ncrypted & Secure
C - ontent Distribution System
E - limination of 3rd Parties
N - ew Way of Online Publishing
T - imestamped Data Records
These six core concepts are at the very heart of DECENT Network. In short, it is a Blockchain-based content distribution platform that is Open-Source and utilizes Blockchain to ensure trust and security. Our intention is to revolutionize data distribution across the Internet.
Q: Are we there yet? What is the date for the DECENT Network launch?
Q: Is DECENT a public or private network?
A: DECENT is a public, community driven blockchain network.
Q: Why to implement a transparent launch for the DECENT core network?
A: First 100,000 blocks are unrewarded in order to give some time to volunteers for proper setup of mining equipment.
Q: What is an initial/minimal number of nodes required to run DECENT Network?
A: 2 access, 11 mining and 3 seeding nodes are required as a bare minimum.
Q: What tokens or currencies are used within DECENT network?
A: DCT, a crypto-token that was design specifically to facilitate safe and inherently trusted content distribution.
Q: What is a DCT token?
A: DCT is the crypto-token that backs all publishing, consuming, seeding, exchanging and mining on DECENT Network.
Q: Where can I get tokens?
A: By mining, by seeding or though exchange.
Q: Does DECENT have service intervals?
A: There is no service interval and there is no downtime. This is possible due to the decentralized blockchain technology the network is built upon. Multiple nodes have to be online in order to run DECENT network.
Q: How is DECENT core network anonymized?
A: Users can perform interactions under pseudonyms. To cover the “last mile” you should use other anonymization techniques (e.g. VPN, TOR, Proxy)
Q: What information is stored in the blockchain database?
A: Only token and content transactions (metadata) are stored in the blockchain database.
Q: Who owns/runs the network?
A: The community.
Q: Who is the community (sounds pretty vague)?
A: Not vague, just inclusive. Virtually and practically, anyone with interest can join the community and contribute.
Q: How does the DECENT foundation regulate the network?
A: DECENT publishes code/binaries and network updates to GIThub. Any real implementations must gain sufficient votes from miners prior to merging.
Q: How do you fight censorship?
A: Firstly, by immutability of blockchain. Secondly, by decentralization, encryption and voting. All over-seen by the community.
Q: What consensus mechanism is implemented within DECENT Network?
A: Delegated Proof-of-Stake (DPoS) with 2 MB block size and 5 seconds block time interval.
Q: How does difficulty change over time? What is the formula to calculate it?
A: In DPoS, there is no difficulty. Parameters do not change over time. Unlike hashed-based mining, in DPoS, the block must be validated by a selected miner, broadcast and acknowledged within 5 seconds. It is more of real-time system then computational one.
Q: Can I mine with ASIC?
A: Not really, you wouldn't because in DPOS, there is no proof-of-work consensus that requires the hashing power provided by ASIC. Instead, there is latency-based mining with day-to-day selection of miners via community voting.
Q: How is the voting mechanism implemented?
A: Voting is proportional to the stake of miner - total of DCT tokens held. The voters select, on daily basis, the list of active miners who are then responsible for verifying and generating new blocks.
Q: Will initial mining be profitable?
A: You bet!
Q: How is reward distributed to miners? Is it instant?
A: On daily basis, depends on participation rate, missed blocks and network fees from previous day. Allocated reward pool is distributed between elected miners for present day. Miners are rewarded after 24 hours of work. Reward is distributed directly to their accounts.
Q: How many blocks are generated per day?
- Number of blocks per minute = 12
- Number of blocks per hour = 720
- Number of blocks per day = 17,280
Q: What is the reward for mined block?
A: Starts with 0.37DCT per block. Within 20 years, ends with 0.04625DCT per block. In order to give everybody time to join and participate, the first reward is paid in block 100.000.
Q: How is the number of miners determined?
A: The number of miners is voted on daily basis by the community.
Q: How do you get started? Do you need an account? Is it anonymous? Recoverable?
- Yes, you need an account. Please, create your account for free by visiting web-based wallet decentgo.com and follow the sign-in wizard.
- Yes, It could be anonymous (partially using pseudonyms and further through VPN, proxy, etc.).
- Yes, your account is recoverable.
Q: How does account management work? Do you need to pay for account creation?
A: If you use decentgo.com, you will not need to pay for account creation. If you use CLI wallet, you will need an existing user to pay for you to start your account.
Q: Do you need a username to interact with DECENT network via provided tools, like daemon, CLI wallet, GUI client?
A: Indeed, you do. Your username serves as your community identification.
Q: How do you fight with the following centralization problems:
- Double spend?
- Majority owns votes?
- Majority owns tokens?
- Majority owns mining power?
A: By consensus design. See details on the Wiki's security page.
Q: How do you solve the "nothing at risk" problem?
A: By implementing voting and by taking miners stake into consideration. See details on the Wiki's security page.
Q: How is the network secured against forked/shadow chains?
A: By validating new blocks with selected miners. No other forks will live as multiple pre-chosen miners needs to validate the new block. See details on the Wiki's security page.
Q: How is the truthfulness of miners/seeders verified?
A: Through voting and rating of the community. Dedicated miners/seeders present themselves and their intent to be honorable on the forum.
Q: What kind of consensus stability is provided in case that Atlantic rat cuts the cable that connects Europe and America?
A: Is in the worst case scenario, cable munching amphibious rodents? When reconnected, the longer blockchain will survive. See details in the Wiki's security page.
Q: How do you become a miner/seeder? Do you need a special account, promotion, permission or equipment? Do you need votes?
A: See Wiki's How to.
Q: How does DECENT Network compare to forks from the graphene framework?
A: E.g. DECENT implements transactions publish, buy and subscribe.
Q: What is a block's confirmation time?
A: Depends on the number of active (selected) miners. Block verified when a majority (2/3) of nodes confirms it, i.e transaction became irreversible. Whereas, whole blockchain is immutable.
Q: What is the seeder's role?
A: The seeder acts as a host for media content in form of an offered bandwidth and storage (filespace). This two things are made available to publishers and to consumers, in order to manage and exchange content.
Q: How is seeder rewarded?
A: Seeder's reward is purely handled by the market. Seeding nodes advertise their price offer for hosting files and a media publishers will contract them by meeting their conditions. Afterwards, every 24h is seeder rewarded for hosting media. Please note that seeding process is subject to Proof-of-retrievability.
Q: What is Proof-of-retrievability?
A: It is the proofing process that verifies published content is available from its corresponding seeding nodes. Based on this validation, the reward for seeding and payment of consumer to publisher is guaranteed.