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It can be mentioned as a structure in which the used price or interest rates for a fully decentralized currency are not affected by any artificial forces. Collective proofs determine the balances of the product in instruments with an unlimited supply. The collective proof is that the product performs the accepted movements in certain acres in a collective manner. The accepted movements can summarize like this: the gains in the market increase and affect the interest rate each day, the interest rate rises gradually and threatens the markets which cause crash cycles. In this context, coins (ETH 2.0, R1) that deliver their inflation, interest, and price movements to collective market movements are completely decentralized.
None of us have produced or used the coins printed and released by the FED in the real economy and Tether in the crypto market so far. However, R1 is a network designed in a way that no other component can generate money other than the users who transfer and stake. R1 production standards are stable coins that are in the hands of users and not indexed to fiat currencies. That is why it is completely decentralized.
Last modified 2d ago
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