Scientists Claim to Have Designed a Fully Decentralized Stablecoin Pegged to Electricity
📣 #Scientists Claim to Have Designed a Fully #Decentralized Stablecoin Pegged to #Electricity
👉 Researchers have combined statistical mechanics and information theory to design a class of #stablecoin dubbed the #ElectricityStablecoin (E-Stablecoin) that would transmit energy as a form of information.
👉 According to the scientists, the E-Stablecoin would be minted through the input of one kilowatt-hour of electricity, plus a fee.
👉 The stablecoin could then be used for transactions the same way as any stablecoin, or the energy could be extracted by burning it, also for a fee.
👉 The entire process would be controlled by #smartcontracts with a decentralized data storage cloud. No trusted centralized authority would be needed to maintain or disburse the asset.
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