Stablecoin
Imagine on a sunny day you go for a cup of coffee in a busy downtown coffee shop. You are paying for coffee with your ether, and by the time you get your coffee, you have to pay 10% more ethers after 30 minutes of waiting in line. That is as crazy as it can get. Unfortunately, that is the volatility we saw in major cryptocurrencies, like Bitcoin and ether during the crypto-market crash between late 2017 and early 2018. The value of some coins fluctuated as much as 20% on a daily basis.
Stability is a major issue for cryptocurrencies looking to gain mainstream adoption in the mass market. That is where stablecoin comes to help. As the name suggests, it is a type of crypto-coin designed to minimize the volatility of the value of ...
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Read now
Unlock full access