TL;DR
Elastic Cash introduces a decentralized mechanism to dynamically adjust money supply, maintaining a fixed interest rate, thereby enhancing currency elasticity and enabling new elastic cryptocurrencies.
Contribution
It proposes a novel decentralized approach for regulating money supply by linking it to market interest rates, improving elasticity in traditional and digital currencies.
Findings
Can be integrated into the US Dollar system
Supports creation of decentralized elastic cryptocurrencies
Maintains interest rate stability through supply adjustments
Abstract
Elastic Cash is a new decentralized mechanism for regulating the money supply. The mechanism operates by modifying the supply so that an interest rate determined by a public market is kept approximately fixed. It can be incorporated into the conventional monetary system to improve the elasticity of the US Dollar, and it can be used to design new elastic cryptocurrencies that remain decentralized.
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Taxonomy
TopicsBlockchain Technology Applications and Security · Complex Systems and Time Series Analysis · Economic theories and models