Crypcore-The First dynamic coin in the crypto currency market
For the longest time, since its creation back in 2015, cryptocurrencies have always had the problem of volatility. Bitcoin has experienced a lot of volatility since it's as first cryptocurrency which has made people disregard cryptocurrencies in general. I remember the first time I heard about cryptocurrencies was of how Bitcoin experiences extreme price swings and it sparked doubt about investing in this new digital currency.
However, my curiosity made me dig deeper and it is when I came to learn of the additional benefits that cryptocurrencies have to offer, over fiat money. Many people glorify fiat money over cryptocurrency with the argument that cryptos are just useless digital assets that were created out of thin air. On the contrary, cryptos might lack a physical form but they are backed by mathematical proof and cryptography to ensure that each transaction is secure.
Bitcoin’s price volatility remains one of its main barriers to mass adoption and this is making people miss out on the chance to completely revolutionize the global payment systems. Some crypto users out there need to trade in crypto on a daily basis, but it is hard to do so without being able to know if the price of a certain coin will fall or rise drastically in the next one hour, week or month.
People are afraid to invest in the majority of cryptos out there because of the fear of incurring unimaginable losses. To solve this issue, the crypto space has seen the creation of stable coins, which is a new class of cryptocurrencies that attempts to offer price stability and are backed by reserve assets.
Stable coins basically offer the best of both the fiat and crypto world. Users enjoy the instant processing and privacy of payments of the cryptocurrency world as well as the volatility free stable valuations of the fiat currency world. This might work but it goes against one of the main reasons that people use cryptocurrencies to avoid dealing with fiat currencies. Stable coins might be working at the moment, but the crypto space requires a solution to ensure crypto users are satisfied.
Today’s project is all about offering crypto enthusiasts all around the world a stable coin not similar to other stable coins currently circulating the crypto market. I am talking of the Crypcore, a project all about creating a stable coin which will be collateralized by other cryptocurrency but whose price will be determined and maintained by a very easy mathematical equation.
Crypcore is the development that current stable coins require. Crypcore is going to offering the pure crypto exchanges solvency system and the crytponote protocol. This means that transacting in this stable coin will not involve any extreme price volatility making people around the world more receptive of cryptocurrencies.
CONCLUSION.
The ultimate goal for blockchain technology and cryptocurrency is to achieve mass adoption and steer the world away from using fiat currency. Crypcore is going to ensure that the crypto space achieves both of these goals by coming up with a stable coin that is not reliant on fiat currency for the volatility free stable valuations. The issue of price volatility will be non-existent in the crypto world thanks to Crypcore.
For more information, please visit:
π Website: https://crypcore.com/π Whitepaper: https://crypcore.com/crypcore_whitepaper_version_1.pdf
π Telegram: https://t.me/crypcore_group
π Facebook: https://www.facebook.com/Crypcore-106479097438958
π Twitter: https://twitter.com/crypcore1
π Reddit: https://www.reddit.com/user/crypcore
author : agus2018
eth : 0xaf8d35B5DE9B5f6502a5d6393E221A2f299B04cF
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