NuBits - A Stable Digital Currency that Central Banks Envy
What makes Bitcoin better than fiat currency? The ease of transactions, the speed at which transactions can be executed irrespective of the beneficiary’s geographical location and capability of making payments over mobile device are some of the features that make Bitcoin better than digital currency. However, there is an issue of price volatility. Even though the fluctuation of price has spread across a few dollars in the recent days, it is volatile nevertheless. The government and central banks want to integrate bitcoin like capabilities to their fiat currency while protecting it from....
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NuBits is a new cryptocurrency from Peershares developer Jordan Lee. The coin's mission is to eliminate price volatility by pegging coin value to the value of the U. S. Dollar and adjusting coin supply to match investor demand. NuBits launched on September 23 with the goal of creating a currency with a stable price. NuBits accomplishes this by adjusting the coin supply to match investor demand, rather than letting the markets control the price. NuBits debuted fairly high on the coin market cap charts, and though the sample size is incredibly small, the NuBits market cap has remained steady....
On September 23, Peershares launched NuBits, a digital currency developer Jordan Lee claims will remove the volatility associated with cryptocurrency prices. NuBits hopes to accomplish price stability by separating the coin's currency and voting mechanisms, which will allow developers to tie the currency's value to the value of United States Dollars at a 1:1 ratio. Lee believes NuBits will appeal to potential cryptocurrency users because it will allow them to know the dollar-value of their coins without having to perform mathematical calculations. NuBits Project Launches. NuBits. On....
Cryptocurrency allows immunity from interjections and the handling of central banks. It gives us freedom of our economic management. CoinTelegraph talked to Pascal H. Hamonic, a core member of Nu (NuBits), decentralized startup in peer-to-peer banking, Petros Anagnostou, Chief Marketing Officer, and Mourad Ilyes Mlik, IT Engineer, of CreditBit, an open source software project released under the MIT/X11 license, about alternative cryptocurrencies and fintech innovations. Cryptocurrency compared to fiat is neither stored nor checked by central banks or governments. You possess all your....
Exco.in, the real-time altcoin exchange developed and run by Blackwave Labs, has opened its first NuBits (NBT) trading market, allowing users to trade bitcoin against a United States dollar pegged crypto-currency. NuBits uses trading bots operating across all known exchanges to effectively 'peg' the price of 1 NuBit at $1 USD. This means that users get all of the advantages of a crypto-currency with all the stability and security of a major fiat currency. In addition to maintaining this peg, NuBits trading bots will also provide liquidity to the new market on Excoin. The main advantage of....
An exchange that simplified interchangeability between multiple cryptocurrencies has received $1.6 million in new funding. Dubbed as ShapeShift.io, the reputed and renowned cryptocurrency converter offers more than 35 altcoins, including the likes of Bitcoin, Litecoin, Dogecoin, Dash, Ripple, Clams, NuBits and many others. The exchange comes handy for users who wish to instantly hedge their primary cryptocurrency funds into some other altcoin, for various purposes. For instance: NuBits is one of the only cryptocurrencies whose value is pegged to the dollar. In simple words, it is....