What is the impact of the See Saw Protocol on the cryptocurrency market?

1 answers

• Dec 27, 2021 · 3 years ago
  As an expert in the cryptocurrency market, I can say that the See Saw Protocol has a significant impact on market dynamics. By adjusting block rewards based on the total network hashrate, it helps to regulate the supply of new coins. This can have a positive effect on the market by reducing sudden fluctuations in supply and demand. Traders can benefit from a more stable market environment and make more informed decisions. The See Saw Protocol also promotes fair competition among miners, as it encourages them to join or leave the network based on profitability. This can prevent the concentration of mining power in the hands of a few players and ensure the long-term sustainability of the network.
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