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The whole web is hosted on servers all over the world and the information suppliers assist in offering a connection to the web. These web suppliers use the bandwidth of different community suppliers which cost a price for them. A blockchain startup known as Dent is now making an attempt to problem this construction in its personal doable manner. So, let’s perceive how Dent is altering the world at the same time as we communicate!
So What’s Dent?
The Dent community is a blockchain-based startup that goals to decentralise the hegemony of telecommunication giants. The platform believes that the way forward for telecommunication goes to be international, decentralised, and distributed. The Dent community offers a excessive stage of safety as a result of its underlying blockchain know-how.
The story of the Dent community began in 2014 when Tero Katajainen developed an automatic overseas alternate market system. The automated system allowed customers to hedge their dangers within the overseas alternate market. Quickly after, the Dent platform expanded to construct a Dent market that permits its customers to tokenise telecom property (like knowledge packages, voice minutes, SMS packages, knowledge boosters, and many others).
Three years later, the Dent community moved on to construct its personal services as a way to turn into the primary really international and digital operator. The platform goals to offer worldwide entry to cellular knowledge with out utilizing SIM playing cards.
How does Dent work?
The Dent community goals to exchange the present centralised constructions with decentralised ones. In an effort to break tech monopolies, the platform has developed the DENTNet blockchain. This blockchain goals to host the present telecommunications infrastructure like cell towers, databases, and billing gateways on it. Moreover, because the know-how supporting telecommunication retains on enhancing always (for instance from 2G to 3G to 4G/LTE to 5G and so forth), the computing capabilities and processing energy will be improved by way of DENTNet blockchain cloud as an alternative of central knowledge facilities.
The community goals to begin shifting the traditional parts of telcos into DENTNet nodes. These nodes will symbolize issues like buyer databases, billing and radio administration, and many others. Moreover, the blockchain will even be interoperable with different blockchains. The community additionally has an eSIM that can be utilized anyplace on the earth. There aren’t any roaming fees as properly. The platform additionally permits its customers to share knowledge on a number of units utilizing DENT Groups. Moreover, the community offers its customers a platform to resell knowledge packages by establishing eSIM gross sales channels by utilizing DENT Gigastore. Dent additionally has its personal swap platform known as the DENT Swap which can be utilized to swap DENT token with different cryptos. Not simply that, you possibly can earn cash by contributing to the liquidity swimming pools.
The DENT token: a snapshot
The DENT token is the native token of the DENT community. It’s the central a part of the DENTNet blockchain ecosystem. On the community you should use the DENT token for funds of companies, shopping for of merchandise as a reward in addition to unlocking numerous options. You even have the possibility to get a DENT token as and if you join their companies. It additionally permits customers to freely buy, promote, and even donate their cellular knowledge to another system. The DENT token is the forex used on the DENT Alternate that serves as a horizontal market for cellular knowledge buying and selling.
Conclusion
To conclude, you should use the DENT token to purchase knowledge packages, voice name packages, SMS packages, and many others. Furthermore, you can even swap the forex on the DENT Swap.
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