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SILICON VALLEY, California, December 6, 2018 (GLOBE NEWSWIRE) – Element Zero Network, a non-profit organization, today announced the discovery of a revolutionary 4 protocol methodology for a new generation of stablecoins that eliminates the possibility of any volatility in the first place and aims to replace Bitcoin and current stablecoin as a common payment method. Developed by a leading group of international experts in digital currency in collaboration with Nobel Prize winners, blockchain leaders and former president of the Security and Exchange Commission (SEC).
The 4th methodology uses a new proprietary algorithm stability protocol that not only protects the stablecoin from any future volatility event, but is also designed to maintain on-site purchasing power and outweigh inflation.
"The primary purpose of any currency is to allow the public to hold their savings and function as a way to pay for goods and services," said Jude Regev, founder and president of Element Zero. "To succeed, a stablecoin must offer protection from many volatility-inducing factors, whether we know them today or in 100 years."
Currently, the cryptocurrency market is based on stablecoins that seek to achieve stability by supporting the currency with a currency, a good or a commodity, and hoping that the market will exchange the currency with the same value to which it was anchored. Then there are other stablecoins that are governed by creative internal protocols that try to stabilize the currency every time there is a fluctuation of the market.
One of the biggest concerns for these stablecoins is that in the future governments like the United States will launch their own digital currency. When this occurs, all the stablecoins left in the market that are anchored against USD fiat will probably disappear. It is unlikely that the public will continue to buy USD-anchored coins from a private company when it can be purchased directly from Uncle Sam. Another problem is that stablecoins that use predictive protocols pose a significant risk of abnormal arrests of up to zero and that potentially lead the global economy to another depression. This is due to the fact that no one can really continually predict all the ways in which the market will react. 50 years ago there was no blockchain and the internet, who knows what we will have in 50 years.
"It is not reasonable or prudent to have a decentralized protocol that today claims to be able to cope with any future scenario, including those that are completely unknown today," said Regev. "To ensure that future digital currencies will be adopted by Main Street, we must have a new generation of stablecoin that is able to fight against any scenario, one that has the ability to eliminate any volatility in the first place and to protect inflation for a long time. term. "
About Element Zero Network Element Zero is a non-profit organization based in Silicon Valley, Calif., Our new stablecoin 4 protocol is designed with the hope of making the world better for everyone by protecting it from inflation in the long run and eliminating the possibility for any volatility in the first place. Visit https://www.elementzero.network/
Media Contact: Lewis Farrell, 650-485-9912, [email protected]
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/913966d9-6304-48ea-89d5-e29981a7bf3c
