Review on Anchor by Mehemmed Akberov
Stable value coin
Many platforms pay much effort for making their currencies stable. Anchor is a system created for avoiding volatility in currency. It is a blockchain plarform.
Anchor's stability mechanism contains two currencies: ANCT and DOCT.
Anct is main currency and payment method in the platform.
Doct is responsible for other's stability.
By connecting of these coins, Anchor offers users stability and protects them frin devaluation of coin.
They use MMU algorithm for connecting currencies. MMU stands for Monetary Mesaurement Unit. It is an algorithm for consolidating data such as GDP information of many governments around the world.
In conclusion, if you need stable currency, you can choose and rely on Anchor.
Pros
- Low fees
- Stable value
- No devaulation risk
- Instant transactions
Cons
- They have some fields to improve
