Coming soon Stablecoin Honestcoin: here are all the interesting news! In recent times we hear more and more often about Bitcoin and a series of purely economic factors associated with them.
But at the same time it has gone more and more to increase the anti-Bitcoin fringe that has decided to focus on Stablecoin.
These are digital assets whose main objective is to eliminate one of the most difficult problems in the sector: the price volatility.
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- The Honest Coin (@thehonestcoin) April 16, 2018
We understand that the stablecoins are digital coins that make stability a distinctive element and a strong point compared to the fluctuating cryptocurrency of the caliber of Bitcoin and the Ethereum.
This means that they are "hooked" to fiat currencies like the dollar, but also to thegold. The stability of the stablecoin makes it possible to reason in terms of practicality. need greater stability in the listing, as well as greater security as a payment instrument.
Honestcoin: here is the official debut of Stablecoin linked to Bitcoin Cash!
THEExchange CoinEx has published an announcement intended to change many elements in the world of cryptocurrencies: we are talking about the Stablecoin Honestcoin.
This is the digital currency that is based fundamentally on the blockchain (see how a blockchain works)of Bitcoin Cash (see Bitcoin Cash listing). Which suggests that we are dealing with a digital asset that is based on a last generation blockchain, and involves a number of positive aspects in terms of investments.
This explains why so many people are interested in this stablecoin as a payment tool, but also as an asset to invest in.
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- The Honest Coin (@thehonestcoin) April 16, 2018
Honestcoin will include the use of Simple Ledger Protocol (SLP), a standard capable of giving features similar to tokens. In particular, the major similarities are attributable to those with the ERC20 token.
Undoubtedly there are still a number of elements to be carefully evaluated: they have just been created 11.000 USDH (acronym of Honestcoin). The figure is really ridiculous and does not seem very convincing for those who want to invest.
This is why the comparison with other stablecoin like Tether is not yet feasible. And, above all, it is difficult to say whether there will actually be a profitable evolution. However, it appears evident that there are several elements for which the Honestcoin can be considered a stablecoin with a interesting potential.
Thanks to the coin it will be possible to reason also in terms of blockchain-based loans: there is talk of a real “Holy Grail” in the digital currency sector, but to date it is still premature to be too optimistic.
