Review on EOSDT by francis fernandez
EOSDT: taking care of the stability of your assets
The cryptocurrency market represents a universe of opportunities for users and investments that use digital money as a form of payment or financial instrument to generate returns. But nevertheless; the changing movements of the foreign exchange market put the value of assets at risk and expose it to volatility and risk of loss of value.
One of the solutions to this problem is the creation of stable coins or the issuance of cryptocurrencies whose value is linked to another stable asset.
EOSDT meets these characteristics. It is a cryptocurrency whose issuance is guaranteed by the funds in digital currencies owned by its holder; and whose value is linked to the FIAT currency: the US dollar.
EOSDT stability is guaranteed in a 1: 1 ratio; that is, 1 EOSDT = 1 USD.
Technology:
EOSDT is developed on the EOS chain; which is part of a robust ecosystem.
Within its technological infrastructure EOSDT uses the oracle system to link real information to the EOS chain, to obtain market prices of digital assets.
It also employs the functions of smart contracts to ensure the stability of EOSDT against the US dollar of 1: 1.
This technology also contributes to the efficiency of EOSDT when generating liquidity.
This robust technological mechanism guarantees great advantages to EOSDT, such as:
• Instant conversion into dollars
• Fast and transparent transactions
• Business opportunities with cryptocurrencies and FIAT money worldwide
• Allows its use as a form of payment to any business in the world both with digital money and fiduciary money
Pros
- It is a digital currency in parity with the dollar
- Has an operation not subject to third party control
- It is backed with the user's cryptocurrency funds
Cons
- It has no disadvantages
