Review on Haven Protocol by Robiul Islam

The Haven Protocol provides users a perfect privacy currency. Other Privacy Coins Depending on the condition of the market, the Haven Protocol provides its personal, automated stable model, which allows users to open XUSD, XEUR and XCHF, which are 1: 1 equivalent in clear currencies. By employing a 2 currency system, users do not have to worry about reducing the price for trading in this "parent coin" XHV cash or trading back into pieces. If you mint XHV of $ 100 worth of your preferred stabilization and do not change the value of XHV in the future, there is no harm when you decide to return to the market and / or monetize fiat. I call it a perfect privacy currency because it can provide real currency to users while being completely obsolete through ring signatures and other privacy protocols.

Plenty of funds have always been considered as a major risk to the traditional stablecoins like Tether. Tether relies on a centralized party, which is the exact amount of centralized bank cash, which requires continuous monitoring and audit. I saw the debate after Tether since its inception and it is not going to leave soon. Trusting the third party to keep your money safe was designed to avoid bitcoin, which can not explain the meaning of going back. Haven Protocols 2 coin system means that through minting backwards and forwards into XUSD and XHV, the demand for both of these coins is kept in check. It doesn’t keep your cash safe, an incredibly simple yet well thought out algorithmic token model does.

If you want to buy something that may not be completely “legal” or you want to keep your purchase under the radar for whatever reason, you probably don’t want to wire fiat to each others bank accounts. On the same note, you could use Bitcoin or Monero, but if the seller receives your BTC/XMR and the market dumps, the seller is obviously left with less profit and has to have faith that the market will make the transaction profitable in the future. Transacting via XUSD or any of the other available Haven Protocol Stablecoins ensures both parties are aware of the equivalent fiat amount they’re receiving and can be assured that their funds won’t fluctuate in price.