Cardano djed stablecoin to be deployed on Ethereum-compatible sidechain CardanoADA CardanoCommunity ETH
Now, the Djed protocol will be launched on the sidechain, marking its third deployment, just months after the stablecoin launched in late January this year.
It will also mark the first deployment of Djed implemented in the Solidity smart contract programming language, opening the door for its expansion to several additional EVM-compatible blockchains.by Djed Alliance, the steward of the Djed Stablecoin Protocol, which supports various implementations and deployments of the protocol on multiple blockchains and promotes healthy collaboration between them, the deployment on Milkomeda-C1 is based on version O of the protocol.
The deployment on the sidechain would be the first that is fully autonomous. Djed's Version O uses a new oracle controlled by Milkomeda's nodes, which checks prices every 10 seconds to offset delays, and provides a transaction limit to reduce reserve draining in case of oracle delays. Osiris' primary point of differentiation is that it allows reserve coins and stablecoins to be simultaneously sold back to the Djed contract, regardless of the reserve ratio, so long as the sale does not lower the reserve ratio.
In the Djed protocol, a"reserve coin" denotes ownership of a portion of the surplus of the underlying reserves of the base coin.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
‘Open’ or shut case: NYC hit with federal ADA lawsuit seeking to end Open Streets | amNewYorkA dozen New Yorkers with disabilities have filed a federal lawsuit against the city, claiming that its Open Streets program violates the Americans With
Consulte Mais informação »
House Republicans Make Case on Stablecoin Bill After Democrats Called for Do-OverHouse Republicans are making their new pitch on U.S. stablecoin oversight, despite calls from a key Democrat that the sides need to start from scratch. jesseahamilton and nikhileshde report
Consulte Mais informação »
New draft of House stablecoin regulation focuses on state regulators, issuersThe bill is intended to restart negotiations with Democrats in the Senate and the White House over stablecoin regulation.
Consulte Mais informação »
House Republicans proposed stablecoin legislation to take SEC's powerNew legislation would shift authority over stablecoins from the SEC to federal and state bank and credit union regulators.
Consulte Mais informação »
Stablecoin payments: Visa shares plans for ‘ambitious’ crypto productPayment giant Visa is building a cryptocurrency-related product to facilitate the digital commerce of everyday life.
Consulte Mais informação »
Cardano (ADA) Price Reaching This Zone Sparks Large Investor ActivityCardano eyes uptick in whale activity as $ADA price hits this zone cardanoada stablecoin cardanocommunity cardano
Consulte Mais informação »