BitTeaser

Thursday, March 10, 2016

Market Pegged Assets



"A crypto-currency, with the properties and advantages of Bitcoin, that is capable of maintaining price parity with a globally adopted currency (e.g. U.S. dollar), has high utility for convenient and censorship resistant commerce. This can be achieved by BitShares’ market pegged assets (MPA), a new type of freely traded digital asset whose value is meant to track the value of a conventional underlying asset by means of contracts for difference (CFD).

A SmartCoin (synonym for MPA) is a crypto-currency that always has 100% or more of its value backed by the BitShares core currency (BTS), to which they can be converted at any time, as collateral in a CFD.

What makes MPAs unique is that they are free from counterparty risk even though they resemble a CFD backed by collateral. This is achievable by letting the network itself (implemented as a software protocol) be responsible for securing the collateral and performing settlements as will be described in more detail below.

This is a subset of the available market pegged assets:
BitUSD
BitCNY
BitEUR
BitGOLD
…"
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7 comments:

  1. BloggerAugust 13, 2017 at 3:54 PM

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    The coins will held in your account, and you can exchange them to Bitcoins or USD.

    ReplyDelete
  2. williamrogerFebruary 2, 2019 at 11:16 AM

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  3. divya.webleonzMarch 19, 2019 at 10:41 PM

    Thanks for making such a cool post which is really very well written will be referring a lot of friends about this.


    Thanks for sharing such a valuable information...


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    ReplyDelete
  4. Liam NorthApril 2, 2019 at 5:41 AM

    Your blog provides good insights. I am looking forward to your blog in future.

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  5. williamrogerApril 9, 2019 at 7:08 AM

    You are true with the post that Bitcoin future is bright but must say all cryto signal sector is blooming and goes to be future currency.

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  6. helengianninimJune 6, 2019 at 2:57 AM

    Nice and very informative post regarding BitShares Technology..

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    ReplyDelete
  7. Liam NorthOctober 8, 2019 at 11:28 PM

    Looking for such informative post. Please update us with new insights.
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