CRDT Applications Part 3: CRDT Treasury And Product Architecture
In the previous article, we talked in detail about the CRDT Exchange, how it functions, and the concept of local partners. We also took a brief look at cash and bank transfers. This article will be taking a quick look at the CRDT Treasury application and the CRDT Product Architecture, along with the blockchain and the CRDT smart contract.
The CRDT Treasury
The CRDT Treasury is where users can redeem CRDT for SCRDT. Users can redeem the CRDT at any point in time, which helps them manage their investments safely, efficiently, and seamlessly. Both CRDT and SCRDT can be redeemed in a ratio of 1:1.
The CRDT Treasury’s instant hedging mechanism between CRDT and SCRDT will interest users who want to trade in cryptocurrency and understand the importance and value of moving their investments quickly and easily into a stable market. CRDT is also particularly appealing to users who want to hold their wealth instead of trading.
The Treasury also has the added responsibility of maintaining SCRDT reserves with the CRDT wallet. When reserves are running low, the Treasury can exchange SCRDT for USD, allowing it to access more reserves and create new SCRDT crypto assets.
CRDT Product Architecture
Let us look at the product architecture in brief. The underlying distributed computing network of the CRDTpay ecosystem is Ethereum. The platform helps CRDT to develop and deploy dApps effectively.
CRDT smart contracts are open-source and have been audited by Dedaub. All SCRDT crypto-assets on Ethereum are regulated; this is done through a custom logic Solidity smart contract through the Open Zeppelin Framework. There are two types of fees in CRDT transactions, Ethereum gas fees, and CRDT fees from staking rewards.
The CRDT Treasury allows users to redeem CRDT for SCRDT at any time they wish to, helping them manage their investments securely and efficiently. The Treasury’s instant hedging mechanism enables users to trade in cryptocurrencies while also allowing them to quickly move their assets into a stable market.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.