Magicbalancer
Magicbalancer Magic DeFi Platform for Deflation Governance and Lots of prizes For # 1 active User What is Deflation? Cryptocurrencies like Bitcoin which are known to have a fixed supply by default experience deflation. This provides some unique insights into the dynamics of inflation versus deflation. Cryptocurrencies with a steadily decreasing supply on its blockchain are called deflationary cryptocurrencies. Deflation can be achieved by burning a certain percentage of minted coins, buying back and burning, buying back and holding, and much more. With Bitcoin , for example, flexible mining difficulties and partial events warrant a deflationary characteristic to its network. For example, if you buy an item today with an amount of BTC “X”, in the future, you will buy the same item at a lower price because of the way the deflationary model works. Advantages of Deflation Cryptocurrency 1. This allows the company...