DOE-backed researchers propose a solution to a stablecoin paradox: an electricity peg
Since they first emerged, stablecoins have faced a paradox. At its heart, the stablecoin concept aims to bring centralized price stability to decentralized markets. Now, a group of researchers is proposing a new solution: using electricity as the backing asset. In a peer-reviewed paper published in MIT’s Cryptoeconomic Systems , two materials scientists at Lawrence Livermore National Laboratory outline a system for converting electricity into a proposed crypto token — and then back again. “We reveal how electricity can be …