EB133 – Pascal and Julien Hamonic: Using the Mechanisms of Thermoregulation to Cryptocurrencies

One of the issues often mentioned when talking about cryptocurrencies is their level of volatility compared to standard fiat currencies. This makes most cryptocurrencies a bad instrument for keeping value, and introduces intricacies when making purchases in fiat amounts. Stable cryptocurrencies include systems which allow them to stay pegged to fiat currencies like the US Dollar or Euro. They provide a variety of benefits, and, in addition to taking the headache from making purchases, can be utilized by cryptocurrency traders who need a steady device of represent hedging their assets.

We speak with siblings Pascal and Julien Hamonic, Core Members of the Nu group about the NuBit steady cryptocurrency. Similarly to the systems that keep our body temperature stable, NuBits trusts the intro of new coins into flow when demand increases, and for coins to be secured of circulation when demand drops. Investors (NuShareholder) vote on these measures as the network counts on custodians who bring liquidity into the marketplace in exchange for dividends, and on speculators who “”park”” coins in exchange for possible returns when demand enhances again.Topics we talk about in this episode: What is NuBits and

  • what is the goal it is attempting to attain
  • The different elements of Nu (NuBits, NuShares)
  • The economic systems behind the $ 1.00 USD peg
  • Who are the various participants in the network (NuBits users, NuShareholders, custodians)
  • The important function of custodians in providing liquidity to the network
  • The consensus model used in Nu
  • The initial allotment of NuBits and NuShares
  • The governance mechanisms in Nu

Links pointed out in this episode:

  • Nubits
  • NuBits Whitepaper


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