What is PegNet?
PegNet is a decentralized, CPU-minable stablecoin network built on-top of the Factom Protocol. PegNet supports a network of over 30 pegged asset tokens that represent a collection of cryptocurrencies, fiat currencies, and commodities.
PegNet users can convert between any pegged asset on the network for only $0.001 regardless of transaction size and with no need for a counter-party, collateral, or smart contracts. Pegnet is also bridged to Etherum, allowing it to function as a state channel to the network, solely dedicated to stablecoin prices, conversions, & transfers.
Interested in PegNet?
The era of Decentralized Finance (DeFI) is upon us, and many anticipate 2020 being the year we will start to see real world use cases and products emerge.
Interested in setting up a miner on PegNet or seeing if PegNet is a good fit for your DeFi application? Click here to contact one of our LedgerOps experts and find out more!