USDQ, Bitcoin, and a complete algorithm for providing easy collateral. Working as a block chain architect for PLATINUM ENGINEERING, Slava works within the + 200-employee team to develop cutting-edge solutions on white label wallet, STO and IEO fundraising platforms and develop a full-cycle business model for encryption projects. The core value proposition that PLATINUM ENGINEERING provides is a holistic approach that helps a talented pool of talented start-ups build capacity in IT, marketing and legal. The unique distributed stablecoin USDQ features an incentive scheme for various price stabilization algorithms, traders and AI-based forecasting analysis modules. This novel stablecoin is still worth noting while still collecting steam.
What is stablecoin?
stablecoin is cryptocurrency, an architecture that allows prices to always match the prices of other assets. Most stabilizers are fixed in dollars. The biggest names of cryptocurrencies are Tether, Gemini Dollar, USDQ, TUSD and others.How can stablecoins be managed so reliably?Unlike other freely floating coins, in a stable crypto currency, each unit must be monetary. For example, the Tether (USDT) is fixed at 1 USD to 1 USD on a one-on-one basis. In this way, stable coins are between cryptocurrencies and regular fiats. Tether is based on its own block chain built on Bitcoin, Litecoin and Ethereum systems.
Tether is the largest stable company, but there are many operational concerns. One of the biggest is the ongoing controversy over the amount of reserve stock that must be stored at the one-to-one ratio with the number of tether units for which the issuer is issued. The company said it would be audited in the near future, but it began to claim that it could be loaned to other companies rather than cash just a few weeks ago to become a pitch holder. These statements increased distrust among cryptographers.
Another project is TrueUSD (TUSD). It is also fixed at USD. The difference with Tether is openness to audit and transparency. The Company is open to third party audits and publishes a fair validation report on its holdings of regulations. Users are also legally protected.
USDC is another stablecoin created by the famous cryptocurrency exchange circle. Like TUSD, it provides compliance and transparency. The biggest problem with all of these systems is that authorities can seize your funds. It completely denies the idea of
decentralization and censorship.
It is clear that cryptocurrencies have gradually penetrated the world economy and are becoming closer to mass adoption. Cryptocurrencies provide many benefits (distributed and trusted, low commissions and brokerage) that make it easier for users to perform daily transactions. Anyone can move the value from around the world and win the fast turnaround time.
On the other hand, delivering value across borders through legacy financial systems requires long waiting periods and fees, and users are subject to a very complex process. For example, if a Japanese wants to send money to England, the fee varies from 5% to 10% depending on the system used. There are also some currency conversion fees. Centralized players that are currently out of competition seem to set commissions and fees as they like.
It is also the most cumbersome to cooperate with legacy financial institutions, so cross-border trading is a trader. They pay for the payment processor just without losing a huge chunk of potential profit. This causes companies to raise the price by delivering this cost to consumers. Crypto provides a paradigm shift to increase the speed of lightning and lower commissions. While cryptocurrencies are getting more and more attention from merchants around the world, there are still barriers to wider adoption among price volatility, scalability limitations and others.
Volatility is the biggest hurdle preventing businesses from using more Crypto calls. Bitcoin can experience tremendous fluctuations in just a few hours. In addition, major coins such as Bitcoin and Ethereum exhibit scalability problems and take longer to process. Merchants who need to handle hundreds of payments every day can not do business efficiently if transactions last for several days. In addition, it is very difficult to convert a Crypto currency to Fiat through a bank or other financial institution that is generally adopted.
Website: https://usdq.platinum.fund
Telegram: https://t.me/Platinumq
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Bitcointalk profile: CakraSejati
https://bitcointalk.org/index.php?action=profile;u=2142926
ETH address: 0x4f32C11B890a49ED6e5E8F5EC2Ae075034da1895
bountyhunters username : cakrasejati
ID 31196
