Crypto Academy Week 6 Homework Post for [@yohan2on] Posted by @kawsar
What is Tether
Tether (USDT) is one of the Leading Stable Coin on Cryptocurrency Market. Tether (USDT) issued by Tether Limited. It officially flossily climbed that token was left over by one USD. A USDT token is a token that tries to be paired with USD. Tether (USDT) the value to the price of national currencies Such as USD, Euro & yuan.
Tether converts cash into digital currency. Compared to popular cryptocurrency prices like Bitcoin and Etherium, USDT Ether has replaced many stable cryptocurrencies. Ether USDT has now become one of the stable coins. It can be said that its position in the current cryptocurrency market is next to Bitcoin and Etherium.
What is Stable Coin
- A stablecoin is a Digitalized token worked from the beginning to have a consistent worth. Unlike cryptocurrencies like Bitcoin Etherium, the price of stable coins is always fixed and their prices do not fluctuate much. Stablecoins are digital forms of money that guarantee to be supported by fiat monetary standards—dollars, pounds, shekels, rubles, and so forth. Different stablecoins use different strategies to achieve price stability, some are centralized, others are decentralized.
Advantage of tether
- Ethereum Blockchain: A very good opportunity for Teacher USDT Tether exists on the Ethereum blockchain as an ERC20 tokens.
- Easy to Use for non-Technical Person: It is very easy to use for those who are not very skilled or inexperienced in this regard.
- Stable Coin: While Tether (USDT) is becoming much more popular as a stable coin, it is also a much bigger advantage for the Tether (USDT)
- Secure & Reliable: The Tether deals with the blockchain network that makes it quite possibly the most secure framework. If you buy or sell anything from here you have no reason to worry about its security as it is a very strong security system.
- No Fee: If you ever want to make a transaction in the Tether wallet then there is no transaction fee. it it is totally free transaction.
Disadvantage of tether
- centralized: It is a centralized cryptocurrency. If you are looking for decentralized currency then this currency is not for you. This cryptocurrency is controlled by Tether Company.
Many thanks to Professor @yohan2on for giving us such a beautiful and informative lecture. It was a very important lecture for us.
Hi @kawsar
Thanks for attending the 6th Crypto course and for your effort in doing the given homework task.
Feedback.
I found trouble in trying to understand your work. You need to improve on the quality of your articles by ensuring clear explanation/presentation of your work.
There was even plenty of miss-information in your article. Kindly endeavor to do enough research study. Seek to understand what you research about so that you present it in a creative and clear way.
Homework task
3