Scalability – Intermediate Crypto Knowledge Guide
Blockchain scalability could be an indicator for a project’s future growth. So, how much do you know about its importance and challenges?
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Founded in September of 2018, Pax Dollar is a flat-collateralized stablecoin. Stablecoins are cryptocurrencies that are designed to minimize the volatility of the price of the stablecoin, relative to a certain stable asset or a basket of assets. A stablecoin can be pegged to a cryptocurrency or flat money. In some cases, it can even be traded for commodities. Pax Dollar offers the advantage of transacting with blockchain assets through minimized price risk. The Pax Dollar tokens (USDP) are issued as ERC-20 token on the Ethereum blockchain and are collateralized 1:1 through the USD held in Paxos-owned US bank accounts.
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Blockchain scalability could be an indicator for a project’s future growth. So, how much do you know about its importance and challenges?
Smart contracts are the core of blockchain. Meanwhile, decentralized applications empower users on blockchain. Learn it all at MEXC blog now!
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