CryptoTamer
Sat Oct 26 2024
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7 answers
1450
How long has Paxos been around?
I'm curious about the history of Paxos. Specifically, I want to know how long it has been in existence.
ThunderBreezeHarmony
Tue Oct 22 2024
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6 answers
1239
What is Paxos standard?
Paxos Standard, now known as Pax Dollar (USDP), is a stablecoin based on blockchain technology. It maintains a 1:1 value ratio with the US dollar, runs on Ethereum and BNB smart chains, and is issued and managed by Paxos Trust Company. Each USDP is backed by corresponding USD reserves, ensuring stability and trustworthiness.
CryptoLegend
Mon Oct 21 2024
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6 answers
1450
Is Paxos FDIC insured?
I'm considering using Paxos for my financial transactions, but I'm concerned about the safety of my funds. I want to know if Paxos is insured by the FDIC, as this would provide me with some additional security and peace of mind.
Riccardo
Sat Oct 19 2024
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7 answers
1807
What is Paxos backed by?
I'm curious about the backing of Paxos. I want to know what supports or underlies this system, whether it's a specific technology, a set of principles, or maybe a combination of both. What is the foundation that Paxos is built upon?
DreamlitGlory
Fri Oct 18 2024
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7 answers
1599
Is Paxos safe for Bitcoin?
The question arises whether Paxos, as a consensus algorithm, is safe for use in the Bitcoin network, considering its importance in ensuring data consistency and security in distributed systems.
