Karbo Releases New Whitepaper For Creating Anonymous Stablecoin
Karbo recently released a whitepaper that highlights a few key qualities about the system, such as its adaptive emissions, its low volatility, master nodes, and its ability to provide users with deposits on the block chain.
Ultimately, it seems that Karbo’s ultimate goal is to generate an anonymous stable coin that decentralized with low volatility. To do so, the platform plans on adopting crypto world techniques such as regulating the supply and the market.
A few of the key principles involving CryptoNote include adaptive parameters. Karbo is already a step ahead, as it has adaptive block size limit and difficulty. Furthermore, the platform plans on implementing an adaptive emission with minimal transaction fees and monetary deposits with low interest rates. With such changes, the platform will have an easier time regulating the parameters it desires.
In #Karbo we set a goal of creating a privacy oriented, decentralised #stablecoin with low volatility by difficulty based coin emission regulation among others to stabilize its price. https://t.co/dyDUBU8TwD
— Karbo (@krbcoin) May 30, 2018
According to Scott Roberts, one of the authors of Karbo’s whitepaper, third-party sources are the best resource for variables to smooth out volatility. Another resource is the blockchain itself.
Another noteworthy point is the dynamic minimum fees. The transaction fees are most reasonable when they are adaptive, rather than hardcoded fiat rates. This type of system prevents the fees from rising to unmanageable levels when the price grows. A premise of dynamic fees is that they promote less volatility in relation to Karbo. Further, the fees are able to adapt to changes in price, without influence from outside sources.
Deposits on the blockchain are another mechanism to reduce volatility. This innovative technique, including the others, are mechanisms that will enable users to enjoy from the benefits of a decentralized coin that is much more stable than its counterparts. Those who are interested in more details may want to read the whitepaper.