The classification conditions the committee have set out include ensuring crypto passes a redemption risk test and basis risk test. “The redemption risk test is to ensure that the reserve assets are sufficient to enable the crypto assets to be redeemable at all times,” the report said. Meanwhile, the basis risk test “aims to ensure that the holder of a crypto asset can sell it in the market for an amount that closely tracks the peg value,” the report said.
Math Olympian in Shadow of John Nash Tries to Solve Blockchain, AI Trust Dilemma
The concept for the new protocol was created in conjunction with researchers from Berkeley and Columbia University, according to the...