Good day all ,
I trust we are all enjoying our activities today, it's another day to write one hive , with the little knowledge I have gotten write from when I started dealing with coins, I will like to write on this topic
why HBD is the best , most decentralized stablecoin you've ever heard of .
With the little knowledge and experience I have gotten so far ,since about a year now that I have been dealing with hive-backed dollar (dollars) I will like to share with everyone reading this some convincing reasons why HBD remains the best and most decentralized stablecoin so far .
Before I proceed let's know what HBD really is
HBD
Hive-backed dollar (HBD) is a stable coin that is pegged to US dollars.Its buit on What we call
hive-blockchain.
Unlike other stable coins backed by Fiat , HBD works with a dua- token system which is
hive and hbd .
It doesn't rely on any form of traditional banking system.
some reasons why HBD is decentralized
Hbd is governed through a user vote and consensus. It works on a block chain that is being controlled by the community.
In hbd there are stable tools being used to convert between hive and hbd in case there's need for that.
As a business minded person saving any hbd gives you interest reward, so interesting 😊.
Barriers to entry are very low, this means that users like content creators are allowed to participate broadly as well as to have their rewards. Due to the community's control in hbd I can say that there's no risk of manipulation.
These and many more which I can't really tell are convincing proves that shows why HBD is to be trusted 💯 when you talk of coins that are stable and decentralized.
conclusion
Hive-backed dollar (hbd) has and remains unique , you can give it your full trust if you want to use it for any business, you will sure enjoy it .
I never seen anyone who talked negatively about hbd .
Thanks for going through my write up,
Please comment how good you see hbd from your experience.
Cc.
@lordbutterfly