Ok. Here’s one to know! BlockchainBrad speaks exclusively with PegNet miner & advocate & very experienced #crypto industry rep, David Johnston! We are talking about THE Pegged Stablecoin network for DeFi! PegNet functions as a state channel on Ethereum dedicated to stablecoin prices, conversions & transfers of numerous cryptocurrencies, commodities and mainstream currencies. PegNet uses a unique Proof of Work algorithm called #LXRHash which is only for CPUs. Miners are rewarded in PEG, the network’s utility token. Now, anyone can mine on common, accessible hardware with 90% less energy than Bitcoin!! & yes, it’s authentically decentralised + we save money and trees. Think unlimited conversions between assets at just 1/10th of a cent per trade. No middle men taking a cut of your trades, no spread, no smart contracts, and no counter-party risk. No ICO, no IEO, no Airdrops, no Founders’ tokens, No BS! PegNet has a global community of traders, miners and developers really behind it (see Discord).
Recent Achievements:
PegNet mining went live August 19th 2019 allowing anyone with a common laptop computer to CPU mine PEG tokens. 5,000 PEG tokens are split among the top 25 miners each 10 minute block.
Conversions on PegNet went live October 14th 2019 allowing any pAsset to be converted into any other pAsset inside the user’s PegNet wallet without any third party involved.
more one Dave: http://www.davidajohnston.me/
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Timecodes
00:45 About PegNet
02:56 About manipulation in mainstream money markets
06:17 About the holistic nature of PegNet
10:24 About the imperative of utility connected to the united token
12:29 About the low energy consumption of PegNet’s model/design
14:00 About the CPU approach
16:20 About how PegNet is built
18:10 About layering (L1-L2) and how important this is for scalability
22:03 About the decentralized ID (DIDs)
23:52 About decentralized Oracles and Oracle Data (what is mined here)
29:50 How long has it been since you’ve been active as a token and accessible to open source technology?
31:56 How important is going back to bitcoin and ethereum in terms of being anchors to support what are you trying to build?
34:00 About DeFi & Factom. DeFi and other platforms
35:40 About the relationship with FACTOM & Factoids.
38:46 About PEG Asset Token: The utility fuel.
41:20 What does PEG means when it comes to the real value-add that your network brings?
47:40 What motivates the miners, what are the rewards are and how do you sustain the money on the long term?
49:49 How are you going to spread the word to the miners?
52:23 About caring for the non-tech miners
54:53 About PegNet’s liquidity and volume
01:01:08 About the inflation/disinflationary model
01:02:57 About uses cases
01:05:56 About the utility coin
01:09:30 About stablecoins
01:14:29 Do you anticipate that you’ll see an influx in more exchanges listing you because of your own success?
01:17:34 About compliance and regulations
01:21:07 About the decentralised community of PegNet
01:23:17 About the Devs
01:25:26 About programming languages used and wallets
01:27:28 About the roadmap.. look to the many moons. (callisto, nebula etc..)
01:30:30 About price stability
01:33:23 Final statement
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Features:
Convert between any listed asset for just $.001. Global without borders. Self-issue assets with no counter-party, collateral, or smart contracts. Store value in any listed fiat currency, cryptocurrency, or precious metal.
PegNet will be interoperable with Ethereum and other popular blockchain platforms.
REAL Use Cases:
Payments: Make payments in your local currency or any listed asset for just 1/10th of a cent whether major or micro transactions. Smart Contracts: Settle smart contracts with any listed asset, from USD to gold. Oracle System: Leverage the network of Proof of Work-based price oracles in creative ways.
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PAYMENT/DONATION DISCLOSURE:
This was 100% free and I received no financial compensation for doing this video; not in fiat, tokens or any form on payment.
INVESTMENT DISCLOSURE:
I have not yet invested in PegNet. But in complete disclosure, I plan to.
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GENERAL DISCLAIMER:
The information provided is not to be considered as a recommendation to buy or invest in certain assets or currencies and is provided solely as an educational and information resource to help traders make their own decisions. Past performance is no guarantee of future success. It is important to note that no system or methodology has ever been developed that can guarantee profits or ensure freedom from losses. BlockchainBrad shall not be liable to the participant for any damages, claims, expenses or losses of any kind (whether direct or indirect) suffered by the participant arising from or in connection with the information obtained this website or directly from the website owner.
#PegNet #Stablecoin #PoW #BlockchainBrad #PeggedStablecoin
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100% Free and 100% about providing you with no strings info from the source of crypto startups. I am not gonna lie, this one has my FULL ATTENTION! Dave, thanks so much for making time for this Deep Dive into PegNet. If this is helpful, please like, subscribe and comment, your views are really appreciated. Thanks so much, Brad.