What is adaptive currency, and what does it mean in a marketplace that can seem to thrive on volatility?
In this episode of The Bit, Stephen Stonberg sits down with Rob Frasca and Ken Lang, Managing Partner and CTO of Cosimo Ventures, to discuss NDAU and the concept behind adaptive currencies.
Frasca and Lang took their smarts in the areas of computer science, problem-solving, and monetary systems (namely The Federal Reserve) and created NDAU. What it’s not is a stablecoin or a currency with unfettered volatility. Instead, NDAU is a currency that can grow but is also designed to mitigate some volatility by having a monetary policy built right in. Rather than being pegged to a dollar or anything else, it’s more so using blockchain to create its own asset class. Its creators believe that perhaps, in a world where we’ve lost so much faith in institutions, staking NDAU could help boost accountability.