Crypto Academy Week 6 - Homework Post for [@yohan2on]
Fuente
Good morning to all of this week's class from teacher @ yohan2on brought us a sublime class of stable coins, and the importance of these coins in the market, since the price of cryptocurrencies are explosive and today it may be up at a price high but tomorrow you do not know, the fluctuation of these currencies makes you want to have security when investing in these markets, and that is why these stable coins are created to give security in the investment and keep you safe from risks and free from losing money in carelessness and subsequent fall of the inverted currency.
Tether
It is a stable coin that was created with the idea of making a kind of digital dollar version, this is so much so that people already seeing the USDT follow the relationship is with the traditional dollar and not with Tether, the idea of this currency is create a currency that facilitates exchanges between this cryptocurrency and cash or money found in traditional banks since this currency generates trust due to its stability and its 1 to 1 price relationship with respect to the United States Dollar. this project began to gain popularity at the end of 2014 when bitrex decided to add it as one of its main novelties.
Por que recomiendo invertir en tether
Why do I recommend investing in tether
It has many advantages with respect to the transactions of traditional banks that handle accounts in dollars, one of these advantages is that it does not have daily limits, it is not a secret for anyone that transactions in dollars are limited in several underdeveloped countries and the only way handling high amounts of money is only if you are a registered company, well with tether there is no such problem since its USDT coin allows you to make transactions instantly without limits and 100% auditable and free, that is, there is no entity regulating transactions nor limiting its natural functioning, another advantage over traditional banking is the commissions since USDT has the lowest commissions that may exist, in this type of transactions, also this currency protects your investment in cryptocurrencies by being stable and escaping from the rises and constant declines that cryptocurrencies currently suffer.
Por que fue creada esta moneda.
Why was this coin created?
Fue creada para permitir cierto grado de liquidez en los exchanger , y ademas para protegerse de la volatilidad de las monedas y ofrece un medio de pago rápido y seguro entre personas ademas acepta la comercialización p2p.
It was created to allow a certain degree of liquidity in exchanges, and also to protect itself from the volatility of currencies and offers a fast and secure means of payment between people, it also accepts p2p marketing.
Desventajas de esta moneda.
Disadvantages of this coin.
There are doubts about whether Tether actually has the support on a 1 to 1 basis with respect to the dollar in real assets, and it is logical to have a cryptocurrency nature there are things that are not officially registered that the blockchain does not, so this generates Sometimes distrust although if we analyze the market, this distrust is sure of the big investors and not of the small ones that give a great movement to the currency and of course there are more people, this results in unfounded gossip where they talk about what can be used This currency for shady businesses in the blockchain, one of the things that we all know is that USDT is not an anonymous currency and that it is controlled by the company that created tether, and strangely there is no repository on Github which makes you think that it is a private coin.
Gracias por visitar mi tarea para el profesor @yohan2on
Thanks for visiting my homework for teacher @ yohan2on
CC:
Hi @anrosmarth.
Thanks for attending the 6th Crypto course and for your effort in doing the given homework task.
Feedback
This is good work. Well done with your research on Tether.
Homework task.
7.5