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The Reservation Protocol has gained prominence in the market due to its unique characteristics and capabilities. From there, it becomes even more irresistible to invest in cryptocurrencies. Therefore, in this article, understand what RSR is and the importance of this currency!
What is Reserve Rights RSR?
Also known as Reserve Rights, the RSR token has several functions in the Reserve Protocol. The main objective is to provide a mechanism that stabilizes the dollar-pegged value of the stablecoin on the RSV network.
In some cases, the Reservation Protocol scales supply based on demand. In this sense, it maintains 100% or more guarantees throughout the chain.
What difficulties does RSR solve?
The main problem that RSR tries to solve is the volatility of cryptocurrencies. In some way, this restricts the expansion of the market as a means of exchange. Therefore, traders refuse some cryptocurrencies due to the constant fear of losing profits during fluctuations.
Furthermore, the Reserve Protocol allows for a more stable reserve of value, medium of exchange and payment standard for the market. The network also operates cryptocurrencies managed by smart contracts, with the purpose of stabilizing value.
Integration
The functionality of the decentralized economy can be complex for new users who are not familiar with the onboarding process. Currently, they need a third-party exchange to access the market.
Generally, the Reservation Protocol introduces fiat on/off options into the main protocols. The strategy reduces the need to use Dapps from third-party platforms to access the market.
Restricted access
Another problem that the Reserve Protocol developers wanted to solve was serving customers outside of banking institutions. This is especially due to the fact that there are billions of people around the world who do not have access to basic financial services.
