Bitcoin, the trending word today, has created a sonic boom around the world. Blockchain, the force of nature behind Bitcoin has disrupted the technological field. It's immutible, incorruptible and unhackable nature makes it more superior than any other existing technology. It is also known as Distributed ledger technology and is the revolutionary technology in the history of mankind. Blockchain makes every industry or businesses more advanced and superior, that's why many institutions began exploring the implementation of blockchain into their core applications.
Cryptocurrencies, backed by blockchain are known as the future of financial transactions. Cryptos provides faster, reliable, secure and low cost transactions. It's volatile nature attracts more investors and traders. Cryptos and blockchain are the future, that's why many people around the world want to own these piece of technology.
But everything is not so sweet as it seems. No doubt the volatility nature of crypto attracts more traders and investors around the world. But this hinders the adoption of cryptocurrencies in the daily life payment activities. And this nature of crypto makes it not suitable to store value, pay for products and services and not able to offer financial credit loans.
But technology doesn't stand still, it is continuously evolving and bringing new changes in every field. Thanks to Stablecoin s, which are promised to provide the benefits of cryptocurrencies without the drawbacks of volatility nature of crypto. Thus, they help to bridge the gap between crypto and Fiat currency.
Today there are many stablecoins are providing services to crypto users like Tether, TrueUSD, USDC and USDPAX. Trust is the core element behind the successfully utilization of stablecoins. The assets backing these stablecoins need to do their job well, for the effective performance in the regulatory audits.
Thanks to Reserve protocol which is bringing a perfect decentralized stable currency which is more than a stablecoin. The relative stability of the reserve coin provides the purchasing power. Reserve is decentralized in nature with external and self generated backing. Cryptocurrency backing for stablecoins brings more transparency, as the users can verify and check the funds really backing the stablecoin. And this allows to achieve true decentralization.
The Reserve coin is set to disrupt remittance industry, which allow worldwide users to perform transactions at faster rate with less commission fee. Stablecoins are set attract institutional investors and Banks. Which helps to make the full mainstream adoption of cryptocurrencies in daily life activities. Thus, everyone can get benefits of fast, transparent, low cost, secured and peer to peer transactions without the country restrictions. They also helps to preserve the value as traditional financial services.
Coinbase, Silicon Valley investor Peter Thiel and other angel investors are invested in Reserve protocol stablecoin. It has raised $5 million in its first round of funding. This gives the credibility and the capability of the project. The Reserve stablecoin is backed with 1:1 with USD value. The Reserve team is consists of 20 people including from the Google and OpenAI veterans and an advisory from the Patomak Global Advisors, led by former SEC Commissioner Paul Atkins. The team is committed to help over 16 countries where rapid deflation causes significant loses. Reserve stablecoin is designed to protect people around the world from hyperinflation.
Token details
• Token ticker: RSR
• Token type: Own wallet
• Token price: 1RSR = $0.00110
• Total tokens: 100,000,000,000
Token distribution
Roadmap
Team
Investors
Learn more about Reserve protocol:
Website: https://reserve.org/
Read Whitepaper: https://reserve.org/whitepaper.pdf
Telegram: https://t.me/reservecurrency
Facebook: https://www.facebook.com/reserveprotocol/
Twitter: https://twitter.com/reserveprotocol
Medium: https://reserve.org/blog
YouTube: https://www.youtube.com/channel/UCnRo3DExogUR28iJV39lhFA
About Author:
Bitcointalk username: Abhijeetcg
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1676105;sa=summary
Houbi global email: abhijeet.gayakwad355@gmail.com
ETH address: 0x96e95a1F40cf5a50178053740ADE18046815362d
