It would probably be best for you to read the whitepaper which can be found here: www.steem.io
All the details are there.
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It would probably be best for you to read the whitepaper which can be found here: www.steem.io
All the details are there.
Thanks, it makes a bit more sense now. Still don't quite understand how the dollar peg for SMD remains stable. I'm aware there's literature out there explaining it, it's the same thing that ripple does, fundamentally, I think.