Algorithmic Stablecoin
By CoinGecko | Updated on Aug 13, 2021
Algorithmic stablecoins are tokens pegged to a fiat currency which is usually the US dollar, purely through software and specific conditions. For example, as the price rises, the algorithm may issue more coins, and when the price falls, it purchases them off the market.
Related Terms
Mining Rig
A dedicated hardware to mine
Airdrop
A way to promote cryptocurrencies by sending some free tokens to traders
Immutable
A property characterized by inability to be change and stays unchanged over time.
Byzantine Fault
A byzantine fault is where an error has occured, yet a computer system does not know due which component/what failed to the lack of information and continues to iterate on a given instruction.
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.