The founder of Digibyte is preparing to launch a decentralized stable digital currency!
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Answer The founder of Digibyte is preparing to launch a decentralized stable digital currency!
The DigiByte team is working on the launch of a decentralized stablecoin called “DigiDollar”.
Project founder Jared Tate wrote on his Twitter account:
It’s time to make a digi-dollar.
So it’s time to make DigiDollar. US dollar stablecoin introduced on #DigiByte Blockchain. All these other stablecoins are launched on very insecure central networks. Total junk.
– Jared Tate (@jaredctate) December 26, 2019
According to Tate, users should not trust companies that act as a central bank that prints digital codes.
Read:Report: One of the largest banks in Belgium is planning to launch its own digital currency
Tate suggested creating a decentralized system in which users would supply Digidollars to their wallet bank account.
This is done by using a smart contract and an application programming interface “API” to confirm the balance in real time.
Tate says:
There is no central authority to control anything.
The reserve guide is literally millions of people or more.
Earlier we talked about Jared Tate and how he criticized the Poloniex platform for allegedly affiliated with Tron after releasing sensitive data to US customers.
The founder of the “DigiByte” project criticizes “TRON” and describes it as a fraud by the Chinese government
Read:The use of Google ads in a cryptocurrency scam and a user losing 15 thousand dollars
Poloniex announced after this statement that it will delete DigiByte because the project is “not eligible” according to its existing criteria.
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