WTF is Supply Elasticity and How It Could Help Make Cryptocurrencies Mainstream

Written by hiemersmith | Published 2020/07/21
Tech Story Tags: cryptocurrency | decentralized-finance | ethereum | ampleforth | economics | latest-tech-stories | cryptocurrency-top-story | supply-elasticity

TLDR The Ampleforth project is a non-dilutive non-fiat decentralized elastic-supply permission-less money. The project is based on the 2019 US Dollar, based on inflation-adjusted price. It uses smart contracts that algorithmically adjust the supply based on price which is supplied by on-chain oracles. The current target for USD is 2% inflation per year. The system is set up to track the price of the US dollar based on CPI inflation adjusted price.via the TL;DR App
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Written by hiemersmith | Software Developer and crypto currency enthusiast
Published by HackerNoon on 2020/07/21
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