One of the biggest concerns people have over cryptocurrencies is their susceptibility to attacks and fraud. Every time there is a security breach, or people lose their keys, it is reported in mainstream media outlets. This is a major hurdle toward the widespread adoption of cryptocurrencies. That is why the SeeSaw protocol is the most secure cryptocurrency in the world.
Is SeeSaw Protocol the Safest Cryptocurrency?
There are a lot of cryptocurrencies out there, and each of them is trying to convince you that their cryptocurrency solution will change the world. However, the reason why The SeeSaw Protocol is so special lies below the surface. Most cryptocurrency users look at the number of coins in circulation, the price per coin, and the rate of newly minted coins as quality and value indicators. However, a deeper look into any given cryptocurrency shows that it is much more than that. The SeeSaw Protocol is built on a BN architecture with 6 different encryption level layers. This means that each mined coin has to pass through all 6 levels of encryption to be validated by the blockchain. This creates a very secure system for both miners and users.
The SeeSaw Protocol Algorithm
SeeSaw is an on-chain algorithm that can dynamically adjust the issuance rate of a cryptocurrency based on demand for the cryptocurrency from other smart contracts.
SeeSaw adjusts its issuance rate based on the cryptocurrency’s current price and target price. If the price of a cryptocurrency is too low, then SeeSaw increases its issuance rate to increase demand for the cryptocurrency until it reaches its target price. If the price of a cryptocurrency is too high, then SeeSaw decreases its issuance rate to reduce demand for the cryptocurrency until it reaches its target price.
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