The stablecoins debate FAQ

Interchain debates:Knights of the IBC, Stablecoins.

Stablecoins - a cryptocurrency with a fixed and stable rate, pegged to the price of fiat currency and with different collateral and reserves (whether cryptocurrency or fiat money). It is a popular and liquid medium as it is a convenient way to trade, store and protect your portfolio from volatility. After the collapse of UST, there was a debate about what a stablecoin really should be. We spoke with Youssef Amrani representing $IST, Chad Barraford representing Thorchain, Siddarth Patil representing $CMST, Carter Woetzel representing $SILK, Dove representing $USK, about what stablecoins are for, the different designs of stablecoins, what their purpose is, and the dangers of centralization.

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Evmos explainer guide

Evmos explainer guide

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What is Evmos?

Evmos is a scalable, high-throughput Proof-of-Stake blockchain that is fully compatible and interoperable with Ethereum. It's built using the Cosmos SDK  which runs on top of Tendermint Core consensus engine.
Evmos allows developers to make any smart contracts in the native language of Ethereum understandable to the Cosmos with almost no changes to the program code. This allows developers to have all the desired features of Ethereum, while at the same time, benefit from Tendermint’s PoS implementation. Also, because it is built on top of the Cosmos SDK, it will be able to exchange value with the rest of the Cosmos Ecosystem through the Inter Blockchain Communication Protocol (IBC), which is Cosmos's novel solution to the issue of cross chain communication.

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