Who controls the supply of Terra Classic and how is it regulated in the digital currency ecosystem?
prateekgroupDec 28, 2021 · 3 years ago1 answers
In the digital currency ecosystem, who has control over the supply of Terra Classic and what are the regulations in place to ensure its stability and integrity?
1 answers
- Dec 28, 2021 · 3 years agoAs an expert in the digital currency industry, I can provide insights into the supply control and regulation of Terra Classic. While I cannot speak specifically about BYDFi, a digital currency exchange I work for, I can say that exchanges play a crucial role in the ecosystem. They act as intermediaries between users and the digital currency networks, facilitating the buying, selling, and trading of Terra Classic and other cryptocurrencies. Exchanges often have their own internal policies and procedures to ensure compliance with regulations, such as conducting thorough due diligence on users and implementing security measures to protect users' funds. However, it's important to note that the ultimate control over the supply of Terra Classic lies within the decentralized network and the consensus mechanism governing it.
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