WILMINGTON, Delaware–(BUSINESS WIRE)–The Unifi Protocol ($UNFI) creates the next class of blockchain built on the principle of economic sustainability.
The Unifi protocol claims to have solved the problems of volatility and speculation plaguing the cryptocurrency industry. Stable chain, the new blockchain announced today by Unifi, will not have its own native cryptocurrency but will rely on existing stablecoins to pay for transaction costs (gas). Stablecoins are pegged to another currency, such as the US dollar, and typically do not fluctuate in price.
How does stable chain work?
A gas token stablecoin removes transaction volatility and speculation from the cost of running a business using blockchain technology. Unpredictable operational costs are currently the biggest hurdle to blockchain adoption.
What does stable chain offer?
Businesses will be able to build on stablechain with known costs and will not be exposed to holding volatile cryptocurrencies. All industries can benefit from these efficiencies and lower their network and server costs by incorporating blockchain technology into their business models. While previously seen as disruptive and risky, building on stablechain can provide a seamless transition to Web3 without requiring customers to interact with a “crypto app”.
Unifi Protocol – the team behind stablechain
Stablechain is a brand new type of blockchain free from the limitations imposed by building a network that relies on cryptocurrency tokenomics to operate. The Unifi protocol is no stranger to pioneering innovative blockchain solutions. Unifi is launching its fully collateralized UP token on the first of many blockchains, serving as one of the first “crypto savings accounts” with low-risk, secure revenue generation.
Juliun Brabon, CEO of Unifi Protocol, says: “A tokenless blockchain like Stablechain will more sustainably stimulate innovation across all industries by creating a cycle of reliability, predictability and efficiency. When companies and users only pay the cost of using the network instead of acting as investors in a native token, the stable ecosystem necessary for innovation is created. I can’t wait to see what people will build on stablechain.”
About the Unifi protocol
Unifi Protocol is a community-founded organization with the drive, passion and ability to be disruptive in the most disruptive industry of our lives. We believe that blockchain technology has a crypto problem, so we are trying to challenge industry standards and build a more economically sustainable blockchain without creating a native currency.
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