Algorand ecosystem
Under the hood, DeCash tokens use Algorand blockchain, which is abstracted from end users by DeCash API. Comparing to Ethereum, Algorand has these advantages:
- Low fees, which equal to fractions of a penny.
- Almost instant transaction confirmations.
- Smart contracts and smart signatures, which allow for out-of-the-box transaction delegation.
DeCash tokens abstract Algorand, meaning that you don't need to think of the underlying blockchain architecture and instead use the convenient API provided by DeCash. However, from the user's perspective, the user still needs to install and manage any Algorand Wallet of their choice before DeCash releases tools (UI, Wallets) for DeCash assets management.
Wallets
In order to use and transact in DeCash tokens, you need to obtain any Algorand wallet. Pick any of the existing wallets supporting WalletConnect:
- Algorand official wallet (mobile app)
There are other wallets available which don't support WalletConnect as of 2021:
- AlgoSigner (a Chrome extension wallet)
- My Algo Algorand Wallet (web-based wallet)
Networks
DeCash uses two networks on Algorand:
- Algorand main network
- Algorand test network
To find out which assets are used in these networks, see token addresses.