>>60593520>How is the pegged value enforced, is it like Oracles with normal stablecoins?Very good questions, yes, I can answer them publicly
1) The price of the stablecoin, in addition to being backed by Bitcoin, will follow a smoothing long-term moving average of the price of Bitcoin. This means that the stablecoin's reference value is the long-term trend of Bitcoin itself, which means that the price of the coin does not fluctuate along with Bitcoin, thus bringing stability to it, without leaving aside the appreciation.
2) And yes, the reference values are verified with the help of oracles like in other stablecoins, but the peg will be maintained by protocol mechanisms. The main difference is the reference price that our stablecoin will follow.
If you want, there is more information on the website https://bitstandard.pro/
You can also add me on reddit if you have any more questions or want to talk about something related to the protocol u/MeeTs2