Crypto Academy Week 7 - Homework Post for [@yohan2on] // USDC //
Crypto Academy Week 7 - Homework Post for [@yohan2on] // USDC //
How about my friends from steemit, in week 6 and this week 7 of the cryptoacademy our teacher @ yohan2on talks to us about stable coins, and how with these coins investors and traders protect their purchasing power with a safe and stable toke transparent, which allows instant transactions between crypto assets and these stable coins, and as after their arrival at the exchanges they arrived to revolutionize the use and ideas of cryptocurrencies so much so that these tokes that run under the ethereum blockchain have served in recent years for the creation of complete exchange systems backed by physical money and the implementation of banks to this ecosystem of exchanges of the new era.
Concepto del proyecto.
Project concept.
USDC is a token created by the company center in alliance with Coinbase, this token was created to meet the needs of a stable currency that is supported by physical dollars, for each currency that is generated there is a physical dollar backed in one of the multiple banks that are still associated with center, it should be noted that this token runs on the ethereum blockchain, its particularity is the transparency of its transactions although in order to create an account you need to go through a verification process, with personal documents to be able to acquire a touch this from your official account, you can now exchange these tokens for physical money at any time as long as you have an account in one of the associated banks, this currency does not belong to the group of decentralized currencies since it is created with a purpose in particular where there is a central entity that regulates the issuance of new currencies and protects the backing of the same.
Propósito del proyecto.
Purpose of the project.
The purpose of this currency is to create a fast, secure and unlimited exchange system in your transactions, in order to meet the needs of various exchanges and exchange platforms and offer them a currency that is backed 1: 1 with respect to a US dollar. , without the risk of losing liquidity and availability of use of 100% of your savings as in cases such as tether.
Movimiento en el mercado
Market movement
Currently the price of this currency is 1 dollar as expected since it was created for this purpose, the amount of currency that was marketed in the last 24 hours was $ 1,544,525,287 although it fell 1.8% the day before it is an important sum. which makes us think that every day it acquires more confidence among its users, the total number of shares circulating in the markets is 10,089,951,598 USDC, and the market with the greatest movement of the currency is binance with $ 114,715,153 of dollars circulating and in this the 75% of the coin.
Caracteristicas
Characteristics
Tiene una naturaleza centralizada lo que significa que hay un ente encargado de regularlo y de velar por el funcionamiento correcot de la moneda, asi como hacer auditorias semanales de la plataforma
Todas las monedas emitidas o creadas en este sistema estan respaldadas con un dolar fisico en un banco estado unidense.
Cada dia tiene mas usuarios debido a las obciones que ofrece en cuanto a veolcidad de transferencia, seguridad y desde luego el respaldo fisico del 100% de la moneda.
Al ser una moneda certificada y auditada su sistema de seguridad es alto ante ataques mal intencionados o a manera de comprometer el dinero en el respaldado.
It has a centralized nature, which means that there is an entity in charge of regulating it and ensuring the correct functioning of the currency, as well as making weekly audits of the platform.
All coins issued or created in this system are backed by a physical dollar in a US bank.
Every day it has more users due to the benefits it offers in terms of transfer speed, security and, of course, the physical backing of 100% of the currency.
Being a certified and audited currency, its security system is high against malicious attacks or in order to compromise the money in the backed one.
Conclusión
Conclution
USDC is a centralized currency in its entirety although this does not prevent it from working on free exchanges, its main characteristics is the support in its entirety of real money touches giving security and prestige to the platform and thus face potential rivals such as tether, Not to mention the multiple audits it receives in order to avoid errors on its platform.
CC: @yohan2on @steemcurator01 @steemcurator02
Hi @anrosmarth
Thanks for attending the 7th -Crypto course on stable coins and for your effort in doing the given homework task.
Feedback
Fairly done. Improve on the quality of your articles; do more research study, seek to understand the concepts and come and explain to your readers with clear explanations. Be straight to the point.
Homework task
5