Unifi Protocol claims to have solved the problems of volatility and hypothesis that plague the cryptocurrency trade. Stablechain, the brand new blockchain introduced at present by Unifi, is not going to have its personal native cryptocurrency, however relatively will depend on current stablecoins to pay for transaction prices (fuel). Stablecoins are pegged to a different forex, just like the US Greenback, and often don’t fluctuate in worth.
How Does Stablechain Work?
A stablecoin because the fuel token removes transaction volatility and hypothesis from the expense of operating a enterprise using blockchain expertise. Unpredictable working prices is presently the largest hurdle to blockchain adoption.
What Does Stablechain Provide?
Companies will be capable to construct on Stablechain with recognized prices and no publicity to holding unstable cryptocurrencies. All industries can profit from these efficiencies and lower down on their community and server prices by incorporating blockchain tech into their enterprise fashions. Whereas beforehand this was seen as disruptive and dangerous, constructing on Stablechain can provide a seamless transition to Web3 with out requiring clients to work together with any “crypto app.”
Unifi Protocol – the Workforce Behind Stablechain
Stablechain is a model new sort of blockchain freed from the restrictions imposed from constructing a community that depends on cryptocurrency tokenomics to function. Unifi Protocol is not any stranger to pioneering modern blockchain options. Unifi is launching its fully-collateralized UP token on the primary of many blockchains, serving as one of many first “crypto financial savings accounts” with low-risk, safe yield technology.
Juliun Brabon, Unifi Protocol CEO, says, “A tokenless blockchain like Stablechain will incentivize innovation throughout all industries extra sustainably, by making a cycle of reliability, predictability, and effectivity. When companies and customers are solely paying for the price of utilizing the community, as an alternative of performing as traders in a local token, it creates the steady ecosystem crucial for innovation. I can’t wait to see what individuals will construct on Stablechain.”
About Unifi Protocol
Unifi Protocol is a community-founded group, with the drive, ardour, and talent to be disruptive in essentially the most disruptive trade of our lifetimes. We imagine blockchain expertise has a crypto downside, so we’re seeking to problem the requirements of the trade and construct a extra economically sustainable blockchain with out making a native forex.