VRB News
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact
No Result
View All Result
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact
No Result
View All Result
VRB News
No Result
View All Result
Home IT news

Scientists Develop Fully Decentralized Stablecoin with coupling to electricity

admin by admin
June 16, 2022
in IT news
0
Scientists Develop Fully Decentralized Stablecoin with coupling to electricity
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter

Researchers at the state-funded Lawrence Livermore National Laboratory in California have combined statistical mechanics and information theory to create a class of stablecoins, which they call Electricity stablecoin (e-stablecoin). These are intended to transmit energy in the form of information. Maxwell Murialdo and Jonathan L. Belof say their innovation would make it possible to transmit electricity without physical cables or a network and create a fully collateralized stablecoin that is linked to a physical asset, namely electricity, and whose value depends on its utility.

According to the scientists, the e-stablecoin will be minted with one kilowatt-hour of electricity plus a fee. The stablecoin could then be used like any other stablecoin for transactions or you can use the energy by burning the coin. There is also a fee for this. The entire process is controlled by smart contracts with a decentralized data storage cloud. You don’t need a central office to manage or cash out the asset.

In this context: Crypto crash has a violent impact on DeFi protocols and CEXs

This would be the first time that a stablecoin with a fixed peg can be exchanged directly for a certain amount of a physical asset, according to the scientists. They explained that electricity has a very stable price and demand, and that the electricity used to mint e-stablecoins is sustainable. Investors could mint e-stablecoins in regions with low electricity prices and burn the tokens where electricity is more expensive.

Murialdo and Belof called their work a proof of concept and proved their concept mathematically. In order to develop a functioning e-stablecoin, it will probably be necessary to make further progress in order to increase the speed, transmission entropy and scalability of information machines, ” the scientists said.

Improved cloud storage or an alternative to it would also be required. Their research has theoretical implications for the way cryptocurrencies get their value, according to the authors. Their work was published Monday in the journal Cryptoeconomic Systems.

Previous Post

Bitcoin ban makes comeback: EU Parliament with new demands

Next Post

Elite: Dangerous will be translated into English by the community Submitted by the community

admin

admin

Related Posts

Hyperlight Excalibur Demo
IT news

Hyperlight Excalibur Demo

June 26, 2022
Perception Neuron, about to ship
IT news

Perception Neuron, about to ship

June 25, 2022
Intel shows RealSense 3D on a smartphone
IT news

Intel shows RealSense 3D on a smartphone

June 25, 2022
8 months for HTC Vive
IT news

8 months for HTC Vive

June 25, 2022
Everything points to a 4K screen for the Galaxy Note 5
IT news

Everything points to a 4K screen for the Galaxy Note 5

June 25, 2022
Next Post
Elite: Dangerous will be translated into English by the community Submitted by the community

Elite: Dangerous will be translated into English by the community Submitted by the community

Premium Content

Here you can get a free hearing test

Here you can get a free hearing test

December 3, 2021
Production of the Segway will end on 15 July

Baby monitor will give way to smartphones?

June 26, 2020

Phison sells its stake in Kingston Solutions

August 14, 2020

Browse by Category

  • Games
  • IT news
  • Tech
  • World
VRB News

VRB News is ready to cooperate with webmasters and content creators. Send an email to info@virtualrealitybrisbane.com

Categories

  • Games
  • IT news
  • Tech
  • World

Recent Posts

  • Hyperlight Excalibur Demo
  • Perception Neuron, about to ship
  • Intel shows RealSense 3D on a smartphone

© 2021 - The project has been developed ServReality

No Result
View All Result
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact

© 2021 - The project has been developed ServReality

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?