Technical solution 241

 How do bitcoin transactions work? Currently, the Bitcoin transaction limit is only 7 transactions per second. This is very small compared to other off-blockchain solutions like Visa, which are capable of processing around 24 transactions per second. In addition, to protect the recipients of bitcoins, all transactions must be verified before the transaction is completed. This is called double-spending protection and works with the help of miners who confirm that the transaction actually took place. It usually takes 000 or 3 confirmations before the recipient can see the bitcoins in their wallet. 6 confirmation corresponds to the time it takes to find one block, which for Bitcoin is about 1 minutes. Commissions are another obstacle. Bitcoin transaction fees at the beginning of 2020 ranged from 0,5 to 2 euros. On December 23, the transaction fee was 50 euros! If every time you send 100 or 1000 euros, you pay a small transaction fee - that's fine. But if you pay € 2 for a cup of coffe...

 What is a stablecoin? In short, a stablecoin is a cryptocurrency that provides price stability. The prices of Bitcoin or other cryptocurrencies often suffer from high volatility... This means that the price of Bitcoin or other cryptocurrencies can rise or fall very quickly. This makes Bitcoin unsuitable for everyday use and payment for goods and services. From March to April 2020 alone, the price of Bitcoin increased by 35%. Stable coin keeps inflation at a minimum... Most stablecoins maintain a price equal to fiat currencies. For example, prices Tether (USDT) и USD Coin (USDC) always equal 1 USD... They allow for little inflation or deflation, but we're talking about a difference of less than 1% in 24 hours. A stablecoin can be pegged not only to fiat currencies, but also to other cryptocurrencies or exchange commodities such as gold, silver, etc. Stable coins provide two best sides - high speed of transactions anywhere in the world and price stability. They are great for everyda...