NuBits
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| NuBits | |
|---|---|
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| Denominations | |
| Symbol | USNBT (prev. NBT)[note 1] |
| Demographics | |
| Date of introduction | 23 September 2014 |
| User(s) | Worldwide |
| Issuance | |
| Administration | Decentralized[note 2] |
NuBits are advertised as stable-value cryptocurrencies issued by a DAO marketed under the same name.[1][2][3][4] Shareholders achieve stability in NuBits by placing buy and sell orders at $1.00 using revenue from NuBit sales kept in external cryptoassets (such as Bitcoin).[5]
Partial revenue is distributed to shareholders to create a mechanism for deep backing by incentive for investment in Nu when NuBits leaving circulation exceed the value of Nu's cryptoasset reserve. Full backing of NuBits by design relies on investors purchasing new shares (NuShares) from the issuer.
Allegedly, US NuBits is the first decentralized cryptocurrency to maintain a $1.00 US price peg for one year,[6] on September 23, 2015.[7]
Notes[edit]
- ^ “USNBT” is displayed by exchanges listing the currency. https://nubits.com/exchanges
- ^ NuBits are issued by Nu shareholders (owners of NuShares) voting on creation of new units via protocol. https://nubits.com/nushares
References[edit]
- ^ "NuBits – World's Best Stable Digital Currencies". NuBits. 2017-09-30. Retrieved 2017-09-30.
- ^ "NuBits - A Stable Digital Currency that Central Banks Envy". NEWSBTC. 2016-01-03. Retrieved 2017-08-28.
- ^ "Top 3 Stable Cryptocurrencies Based on USD Value". The Merkle. Retrieved 2017-08-28.
- ^ https://www.cryptocoinsnews.com/nubits-seeks-to-end-cryptocurrency-volatility-with-usd-peg/
- ^ "If We Can't Use PayPal 100%, What Is the Purpose Then?" – Ronny Boesing, CEO CCEDK". Cointelegraph. 29 September 2014.
- ^ Price history of US NuBits (BTC price rounding +/−2%) https://coinmarketcap.com/currencies/nubits/
- ^ https://www.reddit.com/r/peercoin/comments/3m4knf/nubits_becomes_the_first_decentralized_digital/
External links[edit]
| SHA-256-based | |
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| Ethash-based | |
| Scrypt-based | |
| Equihash-based | |
| CryptoNote-based | |
| Other proof-of-work | |
| Non proof-of-work | |
| Ethereum-based tokens | |
| Consensus mechanisms | |
| Technology | |
| Related topics | |
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