CARBON - Trustless Stable-Coin Alternative Federal Reserve
CARBON
Trustless Stable-Coin Alternative Federal Reserve
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Hunter's comment
Initially Carbon will be a crypto that is pegged to USD. It is a price stable cryptocurrency based on an algorithmically adjusted supply. The plan is to eventually stabilize the coin on a basket of goods and function much similar to the FED, but on a trustless manner.
Federal Reserve vs. Carbon: An Overview
“In the long term, we anticipate CarbonUSD will be composed of a basket of whitelisted stablecoin tokens, including a trust-minimized, algorithmic stablecoin,” noted Sam Trautwein, Co-Founder and CEO of Carbon. “Starting off with full fiat-collateralization is essential for bootstrapping the market’s trust in CarbonUSD in a way that is not dependent on the size of an initial reserve.”
Not a single other stable-coin has features comparable to Carbon.
Whitepaper
Being built on Hedera Hashgraph will allow unprecedented Tx/s that can surpass EOS.
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Contributors
Hunter: @vimukthi
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Carbon is a crypto that comes from USD. It's a currency set up on a basket. Here you can expect something better. Many beautiful Hunter.
Very interesting. There are alot of stable coin projects out there these days. Cool hunt @vimukthi. I need to look more into the Hedera Hashgraph.
Until crypto is stable for crypto2crypto tethers fiat is an inescapable reality. Tethering to some sort of fiat-free basket is probably the only course for crypto stability.
That is exactly what Carbon is going for. It's probably going to be the first base currency in the cryptosphere and since they use an algorithm based elastic supply instead of backing themselves wit real world asset reserves the scaling is going to be much easier.
Being on Hashgraph is extra helpful for the cause.: https://steemhunt.com/author/@vimukthi/hedera-hashgraph-asynchronous-bft-faster-and-scalable-than-eos-privacy
That stuff Hashgraph is fascinating. If that initiative succeeds and they manage to get big name/serious folks on their "Council"... It's possible this has much better potential for adoption outside of crypto circles -- those suspicious of crypto projects might be more trusting of its approximation of a "traditional" corporate structure.
I like the idea of a cpi tether. This could be interesting.
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