Infamous stablecoin and pseudo currency Tether (USDT) doesnāt exactly have the cleanest of rap sheets, and if you needed another reason not to trust it, keep reading.
According to recent findings from cryptocurrency researchers at Coin Metrics, around 300 entities hold about 80 percent of the Tether currently in circulation, Bloomberg reports.
The figures show that 318 addresses hold $1 million or more in Tether.
Compared to Bitcoin, where over 20,000 addresses hold at least $1 million, Tether appears much more centralized.
āThe concentration of Tether suggests that control of [the stablecoin] is in the hands of a few central players who can swing Bitcoin prices, and have a vested interest in doing so,ā John Griffin, a finance professor at University of Texas at Austin, told Bloomberg.
It creates a supposedly stable asset that can be used to trade cryptocurrencies on supporting exchanges.
This may come as a shock, if you're moving fast enough.
Scientists are using supercomputers to get a better understanding of turbulent flows that interact with shock waves.
"We proposed that, instead of treating the shock as a discontinuity, one needs to account for its finite thickness as in real life which may be involved as a governing parameter in, for example, amplification factors," Donzis said.
The dominant theoretical framework for shock turbulence interactions goes back to the 1950s, developed by Herbert Ribner while at the University of Toronto, Ontario.
His work supported the understanding of turbulence and shocks interactions with a linear, inviscid theory, which assumes the shock to be a true discontinuity.
The entire problem can thus be reduced to something mathematically tractable, where the results depend only on the shock's Mach number, the ratio of a body's speed to the speed of sound in the surrounding medium.
Infamous stablecoin and pseudo currency Tether (USDT) doesnāt exactly have the cleanest of rap sheets, and if you needed another reason not to trust it, keep reading.
According to recent findings from cryptocurrency researchers at Coin Metrics, around 300 entities hold about 80 percent of the Tether currently in circulation, Bloomberg reports.
The figures show that 318 addresses hold $1 million or more in Tether.
Compared to Bitcoin, where over 20,000 addresses hold at least $1 million, Tether appears much more centralized.
āThe concentration of Tether suggests that control of [the stablecoin] is in the hands of a few central players who can swing Bitcoin prices, and have a vested interest in doing so,ā John Griffin, a finance professor at University of Texas at Austin, told Bloomberg.
It creates a supposedly stable asset that can be used to trade cryptocurrencies on supporting exchanges.
This may come as a shock, if you're moving fast enough.
Scientists are using supercomputers to get a better understanding of turbulent flows that interact with shock waves.
"We proposed that, instead of treating the shock as a discontinuity, one needs to account for its finite thickness as in real life which may be involved as a governing parameter in, for example, amplification factors," Donzis said.
The dominant theoretical framework for shock turbulence interactions goes back to the 1950s, developed by Herbert Ribner while at the University of Toronto, Ontario.
His work supported the understanding of turbulence and shocks interactions with a linear, inviscid theory, which assumes the shock to be a true discontinuity.
The entire problem can thus be reduced to something mathematically tractable, where the results depend only on the shock's Mach number, the ratio of a body's speed to the speed of sound in the surrounding medium.