BitBay Cryptocurrency Allows Coin Holders to Help Stabilize its Value through Voting and…

In a Nutshell: One thing Bitcoin and other cryptocurrencies have in common is price volatility. Various stablecoins promote themselves as an antidote to that problem, but they typically involve extra expenses or security risks. BitBay has built a different solution based on dynamically controlling the supply of its $BAY coin with the consent of coin holders. When combined with BitBay’s decentralized marketplace and efficient system for executing smart contracts, its dynamic peg system forms a viable basis for transactions between parties with a coin that is less prone to price spikes.

Analysts have alternated between heralding cryptocurrencies as a financial paradigm shift and cautioning that they may be too good to be true. That uncertainty and lack of consensus may be part of the reason that crypto has yet to gain mainstream traction.

But it’s another problem — price volatility — that has been cryptocurrency’s most significant challenge. That’s the problem the team at