NuBits – a phenomenal innovation Whitepaper

NuBits - a phenomenal innovation Whitepaper

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The solution is a network with two types of units which are not fungible: shares and currency. Shares represent ownership of the network and their quantity should not change to accommodate changes in the level of demand for them. If demand increases, the price should rise proportionately. They should also provide dividends from network revenues. The supply of currency, however, should dynamically adjust up and down in response to changes in the level of demand for the currency so that the price is always stable. A network with these characteristics can be most easily implemented as a fork or extension of Peershares.