PegNet (PEG) News, Price Prediction, Opinion and Analyses Created By Users

PegNet (PEG)

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PegNet (PEG) is a new cryptocurrency and stablecoin network for decentralized finance. The project is made by a group of Factom (FCT) developers in 2019. Currently, there are 26 factom focused organisations all working on the protocol in different ways, making it a non core area for the original Factom inc. 

The PegNet project 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. With PegNet, users can convert between any Pegged asset for just 1/10th of cent ($0.001) with no middleman. The network currently supports pegged assets for cryptocurrencies, fiat currencies, and precious metals with many more assets and even baskets planned. 

PegNet is a fully auditable, open-source stable coin network that uses a sophisticated Proof-of-Work (PoW) mining algorithm and external oracles to converge on the prices of currencies and assets. Miners on the network use their general purpose computers to mine price data into an Oracle Price Record (OPR) and receive PEG tokens for their work. 

The PegNet (PEG) token value is the summary of all pegged tokens in the market. The market value of all the pegged assets, divided by the number of existing PEG is used to set the value of PEG prior to exchanges establishing a market price. PEG can be converted into any pegged asset and pegged assets can be converted into PEG by burning the asset you are contributing and issuing the asset you want. 

PegNet has a variety of use cases including payments, payment services, store of value, transaction scaling, settling of smart contracts, oracle system, trading platform, and DEX liquidity mechanisms.

PegNET: Dynamically On-boarding New Assets

29 Feb 2020 10 minute read 1 comment PegNet

At the time of writing, adding a new asset to PegNet is possible but it is a laborious manual process: Find at least two APIs that provide free and reliable* data for the market price Create a polling adapter that is able to read the API endpoint an...

Factom Rising From the Ashes - 61% UP in Just 7 days

11 Feb 2020 5 minute read 5 comments CryptoChartWizard91

Factom is back alive as it rises from the ashes and surges by 61% in just 7 days! The cryptocurrency has actually increased by a total of 83% in 2020 alone and, after a brief retracement, we can expect this bullish run to develop higher. Factom was s...

Reaching PegNet Community Consensus via PoW

20 Jan 2020 4 minute read 3 comments PegNet

One of PegNet’s selling points is decentralization — officially there is nobody in charge of PegNet. It works as long as the people using it agrees to play by the same rules, which at the moment is done by everyone using the same software: pegnetd. A...

Recap — PegNet X Crypto^^Nation AMA

18 Jan 2020 14 minute read 1 comment CRYPTO Blog Nation

  PegNet Website — PegNet Telegram — Introduction:- Hi everyone. So PegNet is the world’s first mine able stablecoin network. It includes 30 different pegged assets (pAssets) Including 14 top fiats, 14...

TOP DEX Exchange Lists PegNet Tokens - Why Is It Such a Big Deal?

14 Jan 2020 1 minute read 10 comments DoYouEvenCrypto

Hey everyone, I’m back again with more good PegNet news. It hasn’t been too long since I last posted and I hope you folks have started the new year off well.  Last time I posted, I told you that PegNet had finally been listed on CoinMarketCap, a big...

Mining PEG tokens on Windows [EASY BEGINNER GUIDE]

14 Jan 2020 4 minute read 15 comments CryptoMoneyMaker

Mining is a very important facet to the entire PegNet network. The prices on the PegNet decentralized exchange are reported by the PegNet mining community (you guys!) and this enables the entire project to be able to function as it does! The mining p...

Was PegNet Fairly Launched?

13 Jan 2020 4 minute read 5 comments PegNet

PegNet is the CPU mineable stablecoin and synthetics network for DeFi. As a mineable token, people often want to know if it was fairly launched and if there was a premine. I have gone back through history to showcase that PegNet was, in fact, fairly...

TOP 5 Coins You Can CPU Mine For Profit

7 Jan 2020 2 minute read 11 comments CryptoMoneyMaker

We all love making money on the side! Here are some great options for cryptocurrencies that are available for you to mine today with your CPU! ZCash  Zcash has been around for a while - since 2016 in fact! This cryptocurrency is designed to be a pri...

LXR Hash For Dummies [Explained]

20 Dec 2019 5 minute read 2 comments CryptoMoneyMaker

Let’s face it, mining algorithms can be very difficult to understand, especially if you are not technically sound! Furthermore, the LXR Hash algorithm is probably one of the most difficult to fully comprehend! However, you need not worry as I will do...

Jedi Fight on CoinMarketCap - PegNet Finally Listed

18 Dec 2019 1 minute read 1 comment DoYouEvenCrypto

Hi again everyone, I’m back with more PegNet news and things are just getting better and better. After seeing the participation of more mining pools, increasing its hash rate and making improvements to the network, PegNet has hit another milestone....