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Djed Stock

Djed

DJED

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Djed Whitepaper

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Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
BitrueDJED/USDT0.9944,883.0534,748.07133,800.910cex3024/8/2025, 6:35 AM
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Djed FAQ

### What Is Djed (DJED)? Djed (DJED) is an algorithmic stablecoin project that operates on the Cardano blockchain. It is designed to maintain a stable value by utilizing smart contracts to automatically manage the coin's supply and demand. The mechanism ensures that Djed retains a stable peg by adjusting the amount of reserve currencies and minting/burning DJED and SHEN tokens accordingly. Functioning within the Cardano ecosystem, Djed provides users with a stable and reliable digital currency for transactions, without the volatility often associated with other cryptocurrencies. As a result, Djed aims to provide an efficient payment solution that is both scalable and secure. To explore further information about Djed (DJED), such as its market performance and historical data, you can visit Eulerpool.

Djed represents the inaugural over-collateralized stablecoin contract backed by ADA on the Cardano network. It functions by maintaining a reserve of base coins (ADA) and facilitates the minting and burning of stablecoins and reserve coins. The contract sustains the peg of stablecoins to a target price through strategic buying and selling of stablecoins, leveraging the reserve, and imposing fees, which are accumulated into the reserve. The primary beneficiaries of this revenue are the holders of reserve coins, who enhance the reserve with their funds while bearing the risk of price volatility.

Who Founded Djed?

The Djed research paper was authored and developed by the IOG team, comprising Joachim Zahnentferner, Dmytro Kaidalov, Jean-Frédéric Etienne, and Javier Roberto Diaz, and is supported by Coti. For further information, you can find Djed on Eulerpool.

### What Distinguishes Djed? Djed is a distinctive cryptocurrency offering several unique features that set it apart in the digital currency landscape. By leveraging advanced algorithms and robust mechanisms, Djed aims to provide stability and predictability in its transactions, setting it apart from many other cryptocurrencies. This makes it an attractive option for investors seeking a more reliable digital asset. Djed is built upon a transparent protocol with an open-source framework, allowing for continuous improvements and adaptations driven by the community. This collaborative approach ensures that Djed remains at the forefront of technological developments in the cryptocurrency market. Furthermore, Djed focuses on security and efficiency, implementing cutting-edge cryptographic techniques to safeguard user information and assets. Users can rely on its decentralized nature, which removes the need for intermediaries, thereby reducing costs and increasing transaction speed. For more comprehensive details and up-to-date information about Djed, you are encouraged to explore Eulerpool, which offers a detailed overview of its market performance, technical specifications, and future prospects, assisting users and investors in making informed decisions.

DJED is the first stablecoin protocol to be formally verified. The application of formal methods during the programming process has significantly enhanced the design and stability attributes of Djed. By employing formal techniques, these attributes are validated through mathematical proofs: *Peg Upper and Lower Bound Maintenance: The price is maintained within a defined range, preventing it from exceeding or dropping below the set value. Within the normal reserve ratio range, there are no restrictions on purchases and sales, and users are not incentivized to trade stablecoins outside the peg range in secondary markets. *Peg Robustness During Market Crashes: The peg is sustained up to a defined limit which is contingent on the reserve ratio, even during significant declines in the base coin's price. *No Insolvency: As no bank is involved, there is no bank contract that can become insolvent. *No Bank Runs: All users receive fair treatment and payment, which eliminates any incentive for users to hastily redeem their stablecoins. *Monotonically Increasing Equity per Reserve Coin: Under specific conditions, the reserve surplus per reserve coin is assured to increase as users engage with the contract. Under these conditions, holders of reserve coins are guaranteed to earn a profit. *No Reserve Draining: Under some conditions, it is not feasible for a malicious user to carry out a series of actions that would deplete the reserves. *Bounded Dilution: There is a cap on the extent to which the number of reserve coin holders and their profits can be diluted due to the issuance of additional reserve coins.

Investors interested in Djed are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.