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How to create privacy focus algorithmic stable coin on ethereum I want to create a algorithmic stablecoin on the top of ethereum platform please suggest any reference, website, code

Gokul Alex
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Shubham Dusane
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  • stable coins do not exist in nature, since nothing is stable. Even US Dollar can drop 50% in value, or rise 50% in value. You can watch the example of "stability" on WTI Oil chart, when it went to -40 bucks per barrel. – Nulik Jan 22 '21 at 13:38

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To create a pricay stablecoin you need to master

  • Privacy protecting cryptography like zkSnarks

  • Monetary theory

  • Central banking

  • Smart contracts

  • Blockchain theory

  • Frontend, backend programming

  • Devops of infrastructure

Generally, this is worth of 6-7 years of studies. So I suggest enrolling into a university.

Mikko Ohtamaa
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Privacy Preserving Tokens can be created in Ethereum Network using the Confidential Token zkERC20 standard ( EIP - 1724 ). Please refer to the following EIP Specification. There are good reference implementations of Algorithmic Stablecoins in Ethereum such as XUSD. Please check the following GitHub Repo for further details of the implementation.

Gokul Alex
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