89 views
1 Star2 Stars3 Stars4 Stars5 Stars 1 1.00

The cryptos Nubits, NXT, and Bitshares all offer fiat-pegged tokens which can be used to hedge your cryptocurrency holdings — cheaper and faster than using actual fiat. Alexandro Colorado shares his trading strategy (ooh, bots!), as well as his interest in the decentralized exchanges offered by NXT and Bitshares.


This video is brought to us by Amanda B. Johnson and TheDailyDecrypt, a Monday to Friday newscast dedicated to cryptocurrency tools and services.


NuBits is a cryptocurrency created by Jordan Lee (a pseudonymous for a group of people), the same pseudo name that founded traction-lacking PeerShares project. PeerShars is an asset class that feeds of the Peercoin Network with a mission to stabilize the currency. The same way NuBits utilize its own asset called NuShares. NuBits and NuShares strive to correct the fundamental flaws of other cryptocurrencies like Bitcoin. To achieve that NuBits has been designed distinctly different from other cryptocurrencies. NuBits (the currency) is regulated by holders of NuShares. The primary goal of NuShare owners is to stabilize NuBits to maintain a price of 1 USD. With the built-in voting mechanism NuShare holders can increase or decrease the supply. The supply can be decreased by “parking” NuBits in return for an interest payment when funds are un-parked. The supply can also be increased by voting to mint new coins and award them to elected NuBits custodians. This is called buy-side liquidity and pool tracking.


Nxt is a peer-to-peer cryptocurrency that was released in late 2013. Like most other digital currencies Nxt is decentralized, no one controls Nxt. It is free of the constraints and restrictions normally seen in traditional currencies. Unlike most other cryptocurrencies Nxt is not a fork of a previous coin such as Bitcoin. Nxt is the first 100% Proof of Stake digital currency that is written from the ground-up. As Bitcoin answered the problem of transferring money online with out a central authority, a problem many experts thought were impossible to solve. Nxt takes a different approach. Instead of building on the Bitcoin protocol, they started by building a new cryptocurrency platform from scratch. A platform which opens up new possibilities for everything from digital cash and property ownership records to smart contracts and online transfer of stocks and shares.


Bitcoin is a Cryptocurrency that was released back in 2009 by pseudonymous developer Satoshi Nakamoto. Bitcoin uses peer-to-peer technology to operate with no central authority or banks, managing transactions and the issuing of bitcoins is carried out collectively by the network. The network is maintained by the miners that in return get rewarded with the currency. Bitcoin is open-source and its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any of the older previous payment system like cash, cheque or credit cards.


BitShares is an industrial-grade financial smart contract platform. Similar to both Counter Party and Ethereum, BitShares can handle more complex contracts than traditional cryptocurrencies such as Bitcoin. The BitShares platform itself is run and maintained by the BitShares open consortium. A community-driven body of individuals and organizations committed to providing universal access to the power of smart contracts. Working together, this community has designed and developed the BitShares platform to include numerous innovative features which are hard to find elsewhere within the smart contract industry.


Share on Facebook0Google+0Share on Reddit0Tweet about this on Twitter

No Comments

Be the first to start a conversation

Leave a Reply

  • (will not be published)