Want to Speak Crypto?

ATAIX glossary all you need to know.

Description 1

Are you new to the cryptocurrency world and feeling a bit lost? Don't worry, you are not alone. The cryptocurrency space can be daunting for newcomers, with its many terms, abbreviations and definitions that can be difficult to understand.

Description 2

ATAIX crypto glossary will help make sense of some of the most common cryptocurrency terms and definitions. Armed with this information, you'll be ready to start participating in this exciting and innovative new economy!

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What is an Algorithmic Stablecoin?

Algorithmic stablecoins are a representation of what true decentralization looks like. They don't require any regulatory bodies to maintain or watch over them, as the code is responsible for both the supply and demand and the target price. This makes them an interesting option for those looking for a more trustless option. One of the longest-operating algorithmic stablecoin is currently Ampleforth (AMPL).

Algorithmic stablecoins offer a unique solution that is not currently available on the market. They are foundationally beneficial because they provide scalability and do not require a tangible asset. Algorithmic stablecoins fill a need in the crypto ecosystem by providing seigniorage back to users. This eliminates any possibility of user error.