Why Is DAI Stable?
Last year, a part of my salary was paid with ether. It made sense for both my client and me because it was easy and cost-efficient. As you may know, the market price of ether plummeted last year, and as a lazy person who didn’t bother exchanging it immediately with fiat money, I lost a fair amount of money. It was around that time of the bear market that I first seriously looked into stable coins. How wonderful is it if cryptocurrencies protect us from downward fluctuations without going through a tedious process of exchanging volatile cryptocurrencies with fiat money?
LINE’s new challenge: Realizing a token economy with the LINK blockchain
In 2018, LINE announced the concept of a LINE token economy, unveiling its efforts to develop its own blockchain and DApps platform. Establishing itself as a platform, not merely a smartphone app, it is becoming a major presence in areas such as games, music distribution, shopping, news, and AI. As it expands even into the financial sector, what does the company hope to accomplish with blockchain? This is what we asked Toshimasa Nasu, head of LINE Blockchain Lab, and Shinichiro Isago, who serves as a pipeline with the developer community.