Cryptocurrency is a Cryptographic forms of money that was created by Satoshi .
Cryptocurrency has progressed significantly from it's modest beginnings, it is presently a market that around 3000 advanced monetary standards and has a Market Cap of about $110,000,000 (One Hundred And Ten Million Dollars) with an expected userbase of more than 50 million individuals worldwide .
The huge potentials of cryptocurrency could be seen to be drawing investors closer to the cryptosphere.
However, the development of Cryptocurrencies has been gradual, not very many tasks has had the capacity to enter the standard market by furnishing administrations where Cryptocurrencies can connect with this present reality.
The reality now is that many potential investors are not committed to the cryptocurrency dream because of the many challenges that cryptocurrency possed ....the high volatility challenge seems to be the major issues that is not helping in fostering mainstream adoption of cryptocurrency..
There's the need to reduce the high volatile nature of cryptocurrency to encourage and foster mainstream adoption of cryptocurrency and this could only be achieved through the introduction of stable coins.
What is a stable coin you may ask?
"Stablecoins are cryptocurrencies designed to minimize the volatility of the price of the stablecoin, relative to some "stable" asset or basket of assets. A stablecoin can be pegged to a currency, or to exchange traded commodities (such as precious metals or industrial metals)."
It is estimated that tether has a daily market volume of 2.9 billion United States dollars.
This is a huge growth....isint it?
By critically looking at this daily volume ,one would understand that there's a huge demand for the creation of more stable coins in cryptosphere I order to take the weight off tether.
Although tether stablecoin have their own issues,which ranges from transparency and market manipution.
This is where the Rockz platform came into the equation.
Rockz would provide a one stop solution to this issues through it's stablecoin that is backed by Fiat(Swiss Fransc).
This is one of the strong currencies in the world.
With the rocks stablecoin, I believe that crypto enthusiasts,investors etc would heave a sigh of relief as the volatile nature of cryptocurrency would be a thing of the past.
The use of the rockz stable coin would foster confidence in the cryptocurrency space while supporting the adoption of cryptocurrency.
Rockz Would create friendly atmosphere in cryptosphere that would make investment in Cryptocurrency and buying of goods and services with Cryptocurrency seamless.
ICOS can raise funds for the development of their projects using the rockz stable coin as this will endure hat any amount that they raised remained stable over time as against what obtains presently where projects raised $100 million but are left with $20 million because volatility happened.
The rockz stable coin would make transparency it's priority as against what obtains presently from the available stablecoin platform.
Conclusion:
The rockz platform would improve in no small measure the blockchain technology .
When funds raised by ico projects remain stable, then the project can be developed further which is an advantage to the blockchain technology.
With the rockz stablecoin, E-commerce sector and merchants will start recording increased sales ...this is because holders of cryptocurrency can now buy goods and services for digital assets made possible by the rockz.
For more information about #ROCKZ :
Official website: https://alprockz.io
Whitepaper: https://s3.eu-central-1.amazonaws.com/alprockz-docs/RockzWhitePaperEnglish_v2.pdf
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2536935