Hello and welcome to this blog post about Gemini Dollar GUSD White Paper. I am very excited to know that you are interested in this amazing technology, you will be going to amazed by the incredible potential of the blockchain.
There is a lot to learn about this futuristic tech, lets get started to dive into the Gemini Dollar GUSD white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.
The aim of this blog post is to help you quickly understand about the philosophy behind the Gemini Dollar (GUSD).
I can ensue you that, you will be able to understand every bits and pieces related to Gemini Dollar (GUSD) after going through the Gemini Dollar GUSD white paper.
Without wasting any further time lets get started to dive right in and lets understand white paper first.
What is white paper?
A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.
A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.
Gemini Dollar GUSD White Paper
Gemini Dollar GUSD white paper will be going to provide you, all the information that is needed to get started with Gemini Dollar (GUSD), including the inspiration for creating, the problem it is trying to solve and the solution proposed by Gemini Dollar (GUSD).
“ The Gemini dollar is a cryptographic token that is
(i) issued by a New York trust company,
(ii) strictly pegged 1:1 to the U.S. dollar, and
(iii) built on the Ethereum network according to the ERC20 standard for tokens.
The Gemini dollar is a stable value coin that combines the creditworthiness and price stability of the U.S. dollar with the technological advantages of a cryptocurrency and the oversight of U.S. regulators.
As an ERC20 compliant token, the Gemini dollar can be transferred on the Ethereum network. Gemini dollars are created at the time of withdrawal from the Gemini platform and redeemed or “destroyed” at the time of deposit into the Gemini platform.”
White Paper Link: Gemini Dollar (GUSD) White Paper
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