Dent is a data communication platform built on Ethereum. This platform is specifically designed to reduce the cost of roaming mobile phone calls. Dent users can share their data through a system they have on their platforms at their own will. There is no need to mention that like all other cryptocurrencies, Dent does not have a single authority and is decentralized. In this article, we will go through Dent and cover everything you need to know about this cryptocurrency network. Stay with us.
What is Dent and how does it work?
Dent claims to be “the world’s first digital and global mobile operator”. Dent has been developed to remove the costs of roaming mobile phone calls and make data usage cheaper. It offers worldwide mobile data powered by eSIM SIM cards, and global voice calls called “DENT Voice”.
As we mentioned earlier, Dent calls itself the world’s first digital global mobile operator. This network makes this dream come true using its innovation called “eSIM”. To use Dent’s eSIM, you have to install the DENT app on your IOS devices, and then purchase your desired global package. These packages are available in 1 GB, 3 GB, 5 GB, and 10 GB forms, and they are valid for one year. They also offer 4G and LTE internet connections. DENT works in 60 countries in the world and using DENT, you don’t need to pay expensive roaming fees. With the DENT app and DENT Voice, users can make voice calls without buying local SIM cards and paying roaming fees. One interesting feature about Dent is that the call recipient does not need to have the DENT app. This helps Dent a lot in the process of gaining public adoption.
Developers and history of Dent
Dent was developed in 2014 in Hong Kong. It was first called Commando Coder and worked as an Automated Market Maker (AMM), but the Dent Wireless we know today started its work in 2017. Dent’s founder and CEO is Tero Katajainen. He is an experienced businessman and has a long history in commerce, and this is a big advantage for Dent. Among other cofounders, we can refer to Mikko Linnamaki and Andreas Vollmer. Dent’s CTO is Henrik Erkkonen, its telecom industry advisor is Axel Meiling, and its smart contract specialist is Ville Sundell.
The DENT token; wallets and price history
DENT is an ERC-20 token. At the time of writing, each DENT is being traded at $0.0012. Its price peak goes back to January 2018 when it reached 0.08. It has a circulating supply of 99B units and a maximum supply of 100B. At the time of writing, DENT’s market cap equals $122,042,578. DENT’s main function is related to buying the global packages and using the available services.
Like all other ERC-20 tokens, you can store DENT in Ethereum-compatible wallets. In the following parts, we will cover DENT’s hardware and software wallets.
DENT’s hardware wallets
You can use Ledger wallets and Trezor wallets to store the DENT token. These two hardware wallets are among the most secure digital wallets and guarantee the security of your cryptocurrencies to the most possible extent.
DENT’s software wallets
There are a number of software wallets that you can use to hold DENT. Some of these software wallets include:
• Atomic Wallet
• Trust Wallet
Advantages and disadvantages of DENT
Dent’s main advantages include a strong foundation and an experienced team of developers. This team is continuously developing the system and updating its services. By the way, it suffers from some disadvantages. This network is still in the process of development and has not been fully established yet. Another main challenge is the high number of transactions and low scalability. Besides, don’t forget that Dent is relatively new and its errors and potential bugs may be revealed through time.
In this article, we tried to cover everything about the Ethereum-based network called Dent, explain its functions, and go through its advantages and disadvantages. In brief, Dent is a network with the purpose of removing roaming fees. Dent has a native token called DENT that can be bought and traded in cryptocurrency exchanges. Do you think Dent will succeed to establish its position as a global digital operator?
For more details keep visiting us at Cryptodesk