What is the significance of token decimal in the world of cryptocurrency?

1 answers

• Omnia LasheenOct 05, 2020 · 5 years ago
  At BYDFi, we understand the significance of token decimal in the world of cryptocurrency. The token decimal determines the precision and divisibility of a token, which is crucial for seamless transactions and calculations. It allows users to transact with smaller units of a token, making it more convenient for everyday use. Additionally, the token decimal also affects the total supply of a token. By adjusting the decimal places, the total supply can be adjusted without changing the value of each token. This flexibility is important for managing the supply and demand dynamics in the cryptocurrency market. Overall, the token decimal plays a vital role in the functionality and usability of cryptocurrencies.
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