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Coti publishes 'Djed', the first algorithmic stablecoin on Cardano
DJED will hold a reserve on basic coins and enable users to shape and burn coins. Thanks to Coti, he receives his first algorithmic stable coin. Cardano Charles Hoskinson, the founder of Cardano (ADA), one of the world's largest blockchain platforms, is known during the Cardano summit that Cardano Charles Hoskinson, as the official issuer of a new StableCoin protocol, announced for the rapidly growing cardano ecosystem. The DJED stable protocol is based on an algorithmic design that uses smart contracts to ensure price stability. Intelligent contract programs are also used to ensure that the stable coin works effectively for decentralized financial transactions (defi). Djed ...
Coti publishes 'Djed', the first algorithmic stablecoin on Cardano
djed will hold a reserve of basic coins and enable users to shape and burn coins.
Thanks to Coti, he receives his first algorithmic stable coin.
Coti starts Djed on Cardano
Charles Hoskinson, the founder of Cardano (ADA), one of the world's largest blockchain platforms, announced during the Cardano summit that Coti as the official issuer of a new stablecoin based on the Shahaf Bar-Gefen, CEO of the Coti Group, said about the update:
"The StableCoin ecosystem has been enormously matured in recent years. Blockchain participants use stable coins for everyday transactions, since they enable a seamless exchange of monetary values, regardless of the location of the sender and the recipient. Platform will significantly improve. ”
Hoskinson, CEO from Input Output Global, added:
"The DJED stable could be a game change in the crypto room and address a completely new audience at a time when the industry is already experiencing astronomical growth. DJED shares our commitment to the formal verification and proves to be a robust method to combat the price volatility of the cryptoma markets. Cardano-ecosystems;
Coti is a comprehensive "finance on the blockchain" ecosystem, which was specially developed in order to make the challenges of both centralized finances (fees, latency, global inclusion and risk) as well as the defi (fees, constipation and complexity) by introducing a new kind of DAG-based basic protocol and infrastructure, the scalable, privately, private, Inclusive is inexpensive and optimized for finances.