Tether (cryptocurrency)

The most liquid, stable, and trusted stable coin. Launched in 2014 by a group of Bitcoin enthusiasts and early adopters, Tether is a blockchain-enabled platform designed to facilitate the use of fiat currencies digitally.

Tether is a token backed by actual assets, including USD and Euros. One Tether equals one underlying unit of the currency backing it, e.g., the U.S. Dollar, and is backed 100% by actual assets in the Tether platform’s reserve account. Being anchored or “tethered” to real-world currency, Tether provides protection from the volatility of cryptocurrencies.

Tether enables businesses — including exchanges, wallets, payment processors, financial services, and ATMs — to easily use fiat-backed tokens on blockchains. By leveraging Blockchain technology, Tether allows you to store, send and receive digital tokens person-to-person, globally, instantly, and securely for a fraction of the cost of alternatives.
Tether’s platform is built to be fully transparent at all times.

Tether created the first ‘stablecoin,’ the Tether token (USD₮), which is now one of the most traded tokens in terms of volume and has unparalleled liquidity in the cryptocurrency space. The technology and growth of Tether tokens have, in turn, launched an entirely new industry which central banks and governments are now developing.

Tether works to disrupt the conventional financial system through a more modern approach to money. It has made headway by giving customers the ability to transact with traditional currencies using blockchains as transport layers, without the volatility and complexity typically associated with a digital currency.

As the first blockchain-enabled platform to facilitate the digital use of traditional currencies a familiar, stable accounting unit. Tether has created a revolutionary building block that companies worldwide can use to offer democratized cross-border financial services.

The Tether platform is built on top of open blockchain technologies, leveraging the security and transparency that they provide.

The information provided on the Site is for informational purposes only, and it does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. A qualified professional should be consulted prior to making financial decisions.

Article source: https://tether.to/

WHAT IS ETHEREUM?

What is a cryptocurrency?

What is Blockchain Technology?

Comments

What Makes a Blockchain Suitable for Business?

Instead of having a blockchain that relies on the exchange of cryptocurrencies with anonymous users on a public network (as is the case with bitcoin ), a blockchain for business is a private, permissioned network with known identities and without the need for cryptocurrencies . To further understand how a blockchain for business works, and to appreciate its potential for revolutionizing business networks, you need to understand the four key concepts of blockchain for business These four concepts are explained in this section. Shared ledger they’ve been used in double-entry bookkeeping since the 13th century. What is new is the concept of a shared, distributed ledger — an immutable record of all transactions on the network, a record that all network participants can access. With a shared ledger, transactions are recorded only once, eliminating the duplication of effort that’s typical of traditional business networks Permissions Blockchains can be permissioned or permissionles...

What is Boxing Day

Boxing Day is a holiday that is celebrated on December 26th in several countries, including Canada, the United Kingdom, Australia, and New Zealand. It is a public holiday that traditionally follows Christmas Day and is often a day off work for many people. The origins of the holiday are not definitively known, but it may have originated as a day for servants and tradespeople to receive gifts from their employers or as a way for the wealthy to give back to the less fortunate. In modern times, Boxing Day is often celebrated with activities such as shopping, sports events, and visiting with friends and family.

25 reasons why Python may be a good choice for your project

Python is a high-level, general-purpose programming language, which means it can be used to build almost any type of software, from desktop applications to web apps to scientific applications and more. Python is easy to learn and use, with a simple syntax and a large standard library that supports many common programming tasks. Python is a dynamically-typed language, which means you don't need to specify the type of a variable when you declare it. This makes it easy to get started with Python and can save time when writing code. Python has a large and active community of users and developers, which means there is a wealth of documentation, libraries, and tools available to help you get started with your project. Python has a large number of third-party libraries and frameworks available, which can make it easier to develop complex applications quickly. Python has a number of built-in data types, such as lists, dictionaries, and tuples, which can be used to store and manipulate data...

Infotips

Search This Blog