Decentralized network of stablecoins built by the people, for the people. Join the community: t.me/PegnetOfficial
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Exciting news from Paul Snow! 👏🏻
A testnet for #PegNet is on the horizon, and we're eagerly looking forward to unlocking the power of converting pAssets. 🔁
#Crypto #stablecoin
piped.video/tKCqk172q7I?si=xzcg…
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The integration with @accumulatehq is underway, and price records are being built. 🚀
Check out the progress in this short video update by @paulsnx2
piped.video/FoUJixxuGlA?si=fqIO…
#PegNet #Blockchain #stablecoin
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PegNet retweeted
Join the #Accumulate Dev meeting to learn what the developers are working.
It’s happening right now! Click the link to attend ⬇️
meet.jit.si/AccumulateDev
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If you already hold #PegNet assets on an @accumulatehq address, these can now be visualized in the #Accumulate mobile wallet app under “custom token management”.
⬇️ 🔥
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Join us for this week’s #PegNet meeting at 11am CDT!
Meet us in 15 minutes
➡️ meet.jit.si/PegnetStatus
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Mining on #PegNet - continued ⛏️
We're working to allow users to submit solutions directly to the protocol, creating an on-chain mining pool, which can be viewed from the block explorer. 🤩 /1
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Based on where these solutions rank relative to others, we allocate points to miners.
Periodically, we assess the top 25 miners and distribute rewards to them, then resetting their point counts. /2
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This approach ensures that even miners with limited hashing power can accumulate points over time, leveling the playing field.🔥
#Decentralization #CPUmining
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Traditional mining pools vs. PegNet's approach 💎
#PegNet introduces the first ever on-chain mining pool! 🪙 Miners submit solutions directly to the protocol, earn points, and get rewards based on their ranks, creating fairness and leveling the playing field. 💪
#CPUmining
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🌐 PegNet utilizes CPU mining to promote a democratic and eco-friendly system!
Unlike GPU and ASIC-dominated cryptocurrencies, CPU mining levels the playing field, making it accessible to all. Efficient RAM use and less heat make it a greener choice.
#PegNet #CPUmining
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🚀 PegNet 2.0, powered by @accumulatehq, offers lightning-fast token transactions, finalizing in just 1-1.5 seconds! A massive leap from the 10-minute wait on the old PegNet on Factom.💥
#PegNet #PeggedAssets
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PegNet retweeted
Oracles in #PegNet provide the crucial pricing data that underpins the value of pegged assets.
Check out this new article to learn more 🤓 ⬇️
bit.ly/3PmzMYw
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See you in 5 minutes!
Today is your chance to become an early community member and contributor to PegNet 2.0. 🔁
Anyone can join the weekly community meeting hosted by @paulsnx2 at this link
➡️ meet.jit.si/PegnetStatus
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PegNet offers a distinctive approach to establishing pegged assets (stablecoins).
It is 💎 The Fourth Way to create Pegged Assets.
It employs a self-collateralizing model in which a basket of pegged assets supports each other’s value. 1/2
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PegNet’s approach avoids centralization and excessive reliance on specific assets, providing stability while avoiding regulatory vulnerabilities. 2/2
#PegNet #Decentralization
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In the world of stablecoins, three mechanisms are recognized for establishing pegged assets: 1) algorithmic, 2) asset-backed, and 3) crypto asset-backed. These are described in #CoinGecko’s video.
💎 #PegNet introduces ‘The Fourth Way to Create Pegged Assets.’
#stablecoin
Types of stablecoins, explained. 🪙
Dive into the world of stablecoins as we break down the differences between fiat-backed, crypto-backed, and algorithmic coins.
Watch the full video: gcko.io/weutwvx
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🗓️ The next #PegNet status update is scheduled for Monday, August 28th at 11:00 AM CDT.
Stay tuned for the latest developments!
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PegNet retweeted
🗓️ The next #PegNet status update is scheduled for Monday, August 28th at 11:00 AM CDT.
Stay tuned for the latest developments!
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