smart contracts<\/strong><\/a> based on the <strong>Ethereum Virtual Machine and WebAssembly<\/strong>. Besides that, it employs a <strong>dual-layer structure<\/strong>, which means that DREP consists of the root chain and fully-customizable sub-chains. In terms of the consensus mechanism utilized by DREP, it employs the <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-delegated-proof-of-stake/">Delegated Proof-of-Stake (DPoS)<\/strong><\/a>. Thus, DREP has a network of delegates who validate and create new blocks. Delegates are elected by DREP token holders.<\/p>\r\n<p>Additionally, it’s important to note that DREP improves its data processing capabilities by employing the <strong>Smart Pipeline<\/strong>. It allows nodes to transmit real-time smart contract data to external applications and, once the computation gets completed, the results are transferred back to the blockchain.<\/p>\r\n<h2>Use Cases of DREP Tokens<\/h2>\r\n<p>The core of the entire DREP crypto project is the DREP coin. Essentially, it's utilized as <strong>a form of payment<\/strong>. DREP covers transactions between sub-chains, gas fees, exchanging of DREP in-game assets, and any other operation within the platform. Besides that, it’s <strong>an access token<\/strong>, since it is needed to access DREP’s products. Additionally, it's also used for <strong>staking<\/strong>, which is necessary if a user wants to be a part of the DPoS consensus mechanism.<\/p>\r\n<p>If you’re interested in purchasing DREP coins, do keep in mind that the DREP price tends to get quite volatile. However, you can monitor all DREP value changes on the aforementioned DREP price chart.<\/p>","link":"https:\/\/www.bitdegree.org\/cryptocurrency-prices\/drep-new-drep-price","crypto_currency_info":{"id":440,"crypto_currency_id":245,"description":"Drep [new] (DREP) is a cryptocurrency and operates on the Ethereum platform. Drep [new] has a current supply of 100,000,000 with 39,900,000 in circulation. The last known price of Drep [new] is 0.65670683 USD and is down -1.09 over the last 24 hours. It is currently trading on 14 active market(s) with $6,339,201.02 traded over the last 24 hours. More information can be found at https:\/\/www.drep.org\/.","tags":"[\"defi\",\"oracles\",\"smart-contracts\",\"bnb-chain\"]","platform":"{\"id\":1027,\"name\":\"Ethereum\",\"symbol\":\"ETH\",\"slug\":\"ethereum\",\"token_address\":\"0x3ab6ed69ef663bd986ee59205ccad8a20f98b4c2\"}","category":"token","cmc_logo":"https:\/\/s2.coinmarketcap.com\/static\/img\/coins\/64x64\/9148.png","original_links":"{\"website\":[\"https:\\\/\\\/www.drep.org\\\/\"],\"twitter\":[\"https:\\\/\\\/twitter.com\\\/drepofficial\"],\"message_board\":[\"https:\\\/\\\/drep-foundation.medium.com\\\/\"],\"chat\":[\"https:\\\/\\\/t.me\\\/drep_foundation\"],\"facebook\":[],\"explorer\":[\"https:\\\/\\\/etherscan.io\\\/token\\\/0x3ab6ed69ef663bd986ee59205ccad8a20f98b4c2\",\"https:\\\/\\\/ethplorer.io\\\/address\\\/0x3ab6ed69ef663bd986ee59205ccad8a20f98b4c2\"],\"reddit\":[],\"technical_doc\":[],\"source_code\":[],\"announcement\":[]}","links":"{\"website\":{\"drep.org\":\"https:\\\/\\\/www.drep.org\\\/\"},\"community\":{\"twitter.com\":\"https:\\\/\\\/twitter.com\\\/drepofficial\",\"drep-foundation.medium.com\":\"https:\\\/\\\/drep-foundation.medium.com\\\/\",\"telegram.org\":\"https:\\\/\\\/t.me\\\/drep_foundation\"},\"explorer\":{\"etherscan.io\":\"https:\\\/\\\/etherscan.io\\\/token\\\/0x3ab6ed69ef663bd986ee59205ccad8a20f98b4c2\",\"ethplorer.io\":\"https:\\\/\\\/ethplorer.io\\\/address\\\/0x3ab6ed69ef663bd986ee59205ccad8a20f98b4c2\"}}","data":"{\"id\":9148,\"name\":\"Drep [new]\",\"symbol\":\"DREP\",\"category\":\"token\",\"description\":\"Drep [new] (DREP) is a cryptocurrency and operates on the Ethereum platform. Drep [new] has a current supply of 100,000,000 with 39,900,000 in circulation. The last known price of Drep [new] is 0.65670683 USD and is down -1.09 over the last 24 hours. It is currently trading on 14 active market(s) with $6,339,201.02 traded over the last 24 hours. More information can be found at https:\\\/\\\/www.drep.org\\\/.\",\"slug\":\"drep-new\",\"logo\":\"https:\\\/\\\/s2.coinmarketcap.com\\\/static\\\/img\\\/coins\\\/64x64\\\/9148.png\",\"subreddit\":\"\",\"notice\":\"\",\"tags\":[\"defi\",\"oracles\",\"smart-contracts\",\"bnb-chain\"],\"tag-names\":[\"DeFi\",\"Oracles\",\"Smart Contracts\",\"BNB Chain\"],\"tag-groups\":[\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"PLATFORM\"],\"urls\":{\"website\":[\"https:\\\/\\\/www.drep.org\\\/\"],\"twitter\":[\"https:\\\/\\\/twitter.com\\\/drepofficial\"],\"message_board\":[\"https:\\\/\\\/drep-foundation.medium.com\\\/\"],\"chat\":[\"https:\\\/\\\/t.me\\\/drep_foundation\"],\"facebook\":[],\"explorer\":[\"https:\\\/\\\/etherscan.io\\\/token\\\/0x3ab6ed69ef663bd986ee59205ccad8a20f98b4c2\",\"https:\\\/\\\/ethplorer.io\\\/address\\\/0x3ab6ed69ef663bd986ee59205ccad8a20f98b4c2\"],\"reddit\":[],\"technical_doc\":[],\"source_code\":[],\"announcement\":[]},\"platform\":{\"id\":1027,\"name\":\"Ethereum\",\"symbol\":\"ETH\",\"slug\":\"ethereum\",\"token_address\":\"0x3ab6ed69ef663bd986ee59205ccad8a20f98b4c2\"},\"date_added\":\"2021-04-07T00:00:00.000Z\",\"twitter_username\":\"drepofficial\",\"is_hidden\":0,\"date_launched\":null,\"contract_address\":[{\"contract_address\":\"0x3ab6ed69ef663bd986ee59205ccad8a20f98b4c2\",\"platform\":{\"name\":\"Ethereum\",\"coin\":{\"id\":\"1027\",\"name\":\"Ethereum\",\"symbol\":\"ETH\",\"slug\":\"ethereum\"}}}],\"self_reported_circulating_supply\":null,\"self_reported_tags\":null,\"self_reported_market_cap\":null}","launched_at":null,"created_at":"2022-03-25T14:20:20.000000Z","updated_at":"2023-05-18T14:34:12.000000Z"},"crypto_currency_social":{"id":239,"crypto_currency_id":245,"twitter":"{\"name\":\"Official DREP\",\"username\":\"@drepofficial\",\"follower_count\":64575,\"following_count\":3,\"tweet_count\":272,\"created_at\":\"2020-09-11 00:00:00\"}","reddit":null,"github":null,"telegram":"{\"title\":\"DREP Foundation\",\"description\":\"A dedicated group discussion for DREP Foundation\",\"chat_id\":\"@drep_foundation\",\"member_count\":24185}","domain":"{\"domain_rating\":50,\"ahrefs_top\":722827,\"traffic\":360.30587225422283,\"website\":\"https:\\\/\\\/www.drep.org\"}"},"buy_page":null,"halving_page":null}"
:fiat-currency="{"name":"United States Dollar","logo":"\/crypto-prices\/fiat-logos\/USD.svg","symbol":"USD","sign":"$","price":1}"
>