Receive all Cointelegraph news immediately in Telegram.
Jordan Lee, the team behind Nu network claims to have a solution for Bitcoin’s high volatility.
Creator - Jordan Lee
Date launched - September 2014
Algorithm - NuBits-for-NuShares burning
Jordan Lee, the team behind Nu network claims to have a solution for Bitcoin’s high volatility. They say that bitcoins (much like almost any other cryptocurrency) act as a kind of shares for the whole of Bitcoin network, and the price volatility, that comes from that fact, precludes them from being effectively used as a currency.
To solve that, Nu team proposed to actually separate the currency (NuBits) and the shares (NuShares) from each other in their network – an idea that has apparently met a certain level of success, earning Nu the 14th place in this list.
Follow us on Facebook
For updates and exclusive offers, enter your e-mail below.
Thank you for contacting us! We will reply to you as soon as possible.
Thank you for your interest in our franchise program.
We are considering your request and will contact you in due course. If you have any further queries, please contact: