GOOD NEWS!!!USDT Listed! Pair Coming Soon...
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TETHERThere exists a vast array of assets in the world which people freely choose as a storeofvalue, a
transactional medium, or an investment. We believe the Bitcoin blockchain is a better technology for
transacting, storing, and accounting for these assets. Most estimates measure global wealth around 250
trillion dollars [1] with much of that being held by banks or similar financial institutions. The migration of
these assets onto the Bitcoin blockchain represents a proportionally large opportunity.
Bitcoin was created as “an electronic payment system based on cryptographic proof instead of trust,
allowing any two willing parties to transact directly with each other without the need for a trusted third
party.”[2]. Bitcoin created a new class of digital currency, a decentralized digital currency or cryptocurrency .
1
Some of the primary advantages of cryptocurrencies are: low transaction costs, international borderless
transferability and convertibility, trustless ownership and exchange, pseudoanonymity, realtime
transparency, and immunity from legacy banking system problems [3]. Common explanations for the current
limited mainstream use of cryptocurrencies include: volatile price swings, inadequate massmarket
understanding of the technology, and insufficient easeofuse for nontechnical users.
The idea for assetpegged cryptocurrencies was initially popularized in the Bitcoin community by the
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Mastercoin white paper authored by J.R. Willett in January 2012[4]. Today, we’re starting to see these ideas
built with the likes of BitAssets, Ripple, Omni, Nxt, NuShares/Bits, and others. One should note that all
Bitcoin exchanges and wallets (like Coinbase, Bitfinex, and Coinapult) which allow you to hold value as a fiat
currency already provide a similar service in that users can avoid the volatility (or other traits) of a particular
cryptocurrency by selling them for fiat currency, gold, or another asset. Further, almost all types of existing
financial institutions, payment providers, etc, which allow you to hold fiat value (or other assets)
subsequently provide a similar service. In this white paper we focus on applications wherein the fiat value is
stored and transmitted with software that is opensource, cryptographically secure, and uses distributed
ledger technology, i.e. a true cryptocurrency.
While the goal of any successful cryptocurrency is to completely eliminate the requirement of trust, each of
the aforementioned implementations either rely on a trusted third party or have other technical,
marketbased, or processbased drawbacks and limitations .
https://www.escodex.com | https://tether.toStart Trading NOW at Escodex!! Join us at:https://discord.gg/EyzsKHphttps://discord.gg/eEmEvBchttps://t.me/escodexhttps://bitcointalk.org/index.php?topic=3336699.msg34898798#msg34898798https://www.facebook.com/EscoDex-197738274287664/https://medium.com/@emmajones_27838https://www.reddit.com/user/EmmaJones11/https://steemit.com/@emmajones123For any queries
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