DECENT Updates Wallet Ecosystem, Reduces Transaction Fees by 80%

DECENT, the international company behind the DCore blockchain technology, today releases the first major update to its wallet ecosystem since launch. The highlights include a massive reduction in the fees paid for transactions, the capability to make payments with custom tokens, account creation via mobile devices, several UI improvements, bug fixes, and other changes.

The general wallet ecosystem has received an 80% fee reduction for all performed transactions, with a downturn from 0.005 DCT (~$0.0005) to 0.001 DCT (~$0.0001) per transaction. In addition to DCT, this small fee can now be paid with DCore’s custom tokens (e.g. ALX), depending on the user’s preference.

The web wallet, introduced as the original component in DECENT’s wallet ecosystem, gains an improved UI and reworked coding for faster navigation and enhanced user experience as well as the option to use custom tokens to pay for transaction fees. Similarly to the mobile version, the web wallet also carries numerous bug fixes and improvements.

The beta version for DECENT’s Android wallet was released on December 18, 2018. With the wallet already out of beta, the application has been well-received by users and holds the user rating of 4.9/5 stars on Google Play Store. With this update, users can now conveniently create new wallet accounts directly in the application, without the need to activate their wallet via the web interface. Existing wallets can be activated with either the users’ brain key or their private key. As for additional features, users can forthwith pay for all transaction fees with user-generated tokens, known as custom tokens, in addition to DCT.

The iOS wallet was released only recently – on March 24, 2019 – with features coinciding with its Android counterpart. Similarly to the Android version, the new major update adds custom token support and enables users to scan QR codes as a more convenient means of sending funds. The update also includes important bug fixes for improved user experience.

DECENT’s CEO and Founder, Matej Michalko, gave his observation on the major update: “Since launch, our wallet ecosystem has grown tremendously thanks to our team of dedicated specialists. This growth can also be perceived in the way our users give us appreciation through the company’s public channels. Our plans remain to update our DECENT Wallet across all platforms concurrently and to continuously bring in new features to ensure high quality and security for all of our users.”

With DECENT having released an update to its new roadmap, users can expect several features in the upcoming months such as the inclusion of NFTs (non-fungible tokens) and new software development kits to make their proprietary blockchain technology, DCore, even easier to adopt and use.

About DECENT

Founded in 2015, DECENT is a non-profit foundation that has developed an open-source blockchain platform, DCore. Cooperating closely with top investment funds and incubators, DECENT is dedicated to building the ecosystem upon its proprietary blockchain technology to help developers and businesses adapt to a decentralized future. 

About DCore

Launched in 2017, DCore is a stable, customizable and cost-efficient open-source blockchain platform that can easily be built upon. As the world’s first blockchain dedicated to digital content, media and entertainment, DCore provides user-friendly SDKs to empower dApp developers and businesses in the decentralized network.