PegNet

Overview of PegNet

PegNet miner, Ddedicated Johnston stated, “PegNet is really the fulfillment of the decentralized vision I had for assets on the blockchain back in 2012, and so it’s exciting to be able to see it launching into reality now and with a market cap exceeding $100,000 I think is a healthy indication of the industry’s interest as well.”

PEGNet was founded in 2005 as a joint initiative of the Kiel Institute for the World Economy, Germany’s (Federal Ministry for Economic Cooperation and Development), its implementing agencies Deutsche Gesellschaft für Internationale Zusammenarbeit and KfW Entwicklungsbank as well as the universities of Göttingen and Frankfurt.

PegNet Developer, Paul Snow mentions, “The idea for PegNet has been around for about a year, and after I first proposed it at the Texas Bitcoin Conference, the idea began to grow within the community, collecting developers and miners!

PEGNet brings together researchers and practitioners with an interest in issues revolving around the poverty-inequality-growth nexus in developing countries, and links them to the German and international development policy bodies.

PegNet (PEG) fundamentals: There is a circulating supply of 2.306B, a total supply of 2.306B, a maximum supply of -, a total cap of $973.7K, a 24 hour range of 5.69%, a 24 hour low of $0.000408 and a 24 hour high of $0.000433.

PegNet exchangehas a transaction/withdrawal fee of 0.25%.Why should I use PegNet exchange when its fee is exorbitant compared to many exchanges with excellent features a few of which PegNet  exchange doesn’t have?

PegNet is a decentralized, non-custodial network of tokens pegged (stabilized) to alternative currencies and assets that allows for trading and conversion of value without the need for counterparties.

PegNet (PEG) has changed 0.05% over the past 1 hour, 1.4% over the past 24 hours, 0.00%- over the past 7 days, 0.00%- over the past 30 days and 9.19% over the past 90 days.

PegNet is a fair-start POW project since the genesis block never having had an ICO, IEO, Airdrop, Founder, Founder’s reward, Fund, Foundation, or pre-mine event.

PegNet mining went live August 19th 2019 allowing anyone with a common laptop computer to CPU mine PEG tokens.

Blockchain

PegNet miner, David Johnston stated, “PegNet is really the fulfillment of the decentralized vision I had for assets on the blockchain back in 2012, and so it’s exciting to be able to see it launching into reality now and with a market cap exceeding $100,000 I think is a healthy indication of the industry’s interest as well.”

Mine

PegNet combines the best principles from the decentralized cryptocurrency, Bitcoin, with the best characteristics of centralized stablecoins to create a first-of-its-kind DeFi solution built by the people, for the people.Community member and miner, David Johnston is enthusiastic about the newest PegNet developments saying, “It’s never been easier to move between different assets.With the increased demand for stablecoins in the past year combined with the recent draft suggestions from the FSB for classifying and regulating stablecoins worldwide, the PegNet community believes timing is ripe for a fully-decentralized option such as PegNet for cryptocurrency traders and users.With this one mobile wallet you can now convert between crypto, stablecoins, & Gold and Silver with the push of a button.”

Network

A novel innovation that synthetically tokenizes fiat currencies, crypto assets, and commodities.PegNet is an open-source, community-built and oracle based stablecoin network for DeFi.PegNet relies on POW miners to report oracle price record data and does not expose users to any of the collateral or reserve-based risks.Powered by the Ethereum and Factom protocols, PegNet offers frictionless movement between any of the 46 assets comprised of the top fiat currencies, cryptocurrencies, commodities gold and silver, and the native PEG token in a network that is fully-decentralized, open-source, fully-auditable, trustless and CPU-mineable.

Support

Supported by prominent early Ethereum team member Jonathan Mohan and early blockchain leaders such as David Johnston, and Paul Snow, PegNet’s technology leapfrogs existing stablecoin implementations by being minable via proof of work, where miners are rewarded with PEG tokens in return for submitting and approving price data from external sources.

Transactions

“This attacker seems to have only affected their own wallet,” he said.chairman is also one of the main figures behind PegNet, told CoinDesk that group had no control over transactions and conversion of other users, but could only confirm price data.David Johnston, who as well as being Factom Inc.

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Bitcoin is the first peer-to-peer digital currency, also known as cryptocurrency.It is famous for its decentralized transactions, meaning that there is no central governing body operating it, such as a central bank.Bitcoin News will help you to get the latest information about what is happening in the market.

How do I buy PegNet?

It is not possible to buy all cryptocurrencies with U.S.dollars.Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S.dollars using Coinbase or BlockFi.Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including PegNet.

What is PegNet?

PegNet is a decentralized, non-custodial network of tokens pegged (stabilized) to different currencies and assets that allows for trading and conversion of value without the need for counterparties.It is a fully auditable, open source stablecoin and synthetics network using the competition of PoW and external oracles to converge on the prices of currencies and assets.

What is PegNet?

PegNet is a decentralized, non-custodial network of tokens pegged (stabilized) to different currencies and assets that allows for trading and conversion of value without the need for counterparties.It is a fully auditable, open source stablecoin and synthetics network using the competition of PoW and external oracles to converge on the prices of currencies and assets.You can mine PEG, the token of PegNet which can be seamlessly converted to any pAsset on the network with no spread, no slippage, and with infinite liquidity.

What is the Reddit page for PegNet?

The official Reddit community (subreddit) for PegNet is r/PegNet.

What is the value of PegNet?

One PegNet (PEG) is currently worth $0.00 on major cryptocurrency exchanges.You can also exchange one PegNet for 0.00000001 bitcoin(s) on major exchanges.The value (or market capitalization) of all available PegNet in U.S.dollars is $660,115.44.

Where can I get PegNet wallet?

PegNet produces its own wallet software that is available for download on its website, which allows you to store PegNet on your computer.For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X.If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

Why Is This Happening With PegNet (PEG)?

PegNet (PEG) is currently priced at 0.0004221582824059088, which gives it a market cap of 973.688K.Its latest volume is 538.000, which expressed as a percentage of its market cap, is 0.055254%.Its all time high was 0.005632.

History of PegNet