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.

3 Undervalued Crypto Projects With MASSIVE Potential for 2020

14 Nov 2019 11 minute read Adamic0

It’s been almost 2 years now since the last crypto winter and most of the crypto seasoners are out of the game. The weak hands have been shaken out and only strong hodlers remain.  Therefore, the market is showing bullish signs once again and it all...

PegNet Telegram AMA with David Johnston, Factom Chairman

5 Nov 2019 10 minute read DoYouEvenCrypto

The Factom protocol and project is an enterprise focused effort that addresses data efficiency and security issues for businesses through a second layer built on top of the Bitcoin blockchain. The technical solutions proposed by the developers target...

An EASY Introduction Into PegNet - a Stablecoin 4.0 Network Most People Don't Know About...YET

23 Oct 2019 1 minute read DoYouEvenCrypto

Cryptocurrencies are supposed to provide people with an alternative store of value, facilitate fast and cheap transactions, enable payments and more, all without relying on trusted third parties or middlemen.  Today, we have thousands of cryptocurren...

TOP 5 Coins You Can CPU Mine For Profit

7 Jan 2020 2 minute read 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...

PegNet Tokenomics - Everything You Need To Know about Peg and pAssets Stability

28 Oct 2019 9 minute read DoYouEvenCrypto

Tokenomics – a combination of the words “Token” and “Economics” – is vital to understanding a cryptocurrency’s utilization and value proposition. It helps users and investors to see the potential of a cryptocurrency and make judgments based on a numb...

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

14 Jan 2020 1 minute read 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...

3 Crypto Projects with Burning Mechanism You Must Be Aware Of

20 Nov 2019 7 minute read Adamic0

When investing in cryptocurrency, one of the most important aspects that cannot be overlooked is the coin/token supply of the project. This metric is significant because it is closely correlated with price.  For instance, if a particular crypto has a...

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

2 weeks ago 5 minute read 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 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 CryptoNationIN AMA

  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...