PARScoin: A Privacy-preserving, Auditable, and Regulation-friendly Stablecoin

ePrint Report: PARScoin: A Privacy-preserving, Auditable, and Regulation-friendly Stablecoin

Amirreza Sarencheh, Aggelos Kiayias, Markulf Kohlweiss

Stablecoins are digital assets designed to maintain a consistent value relative to a reference point, serving as a vital component in Blockchain, and Decentralized Finance (DeFi) ecosystem. Typical implementations of stablecoins via smart contracts come with important downsides such as a questionable level of privacy, potentially high fees, and lack of scalability. We put forth a new design, PARScoin, for a Privacy-preserving, Auditable, and Regulation-friendly …

assets blockchain contracts decentralized defi digital digital assets ecosystem eprint report finance important point privacy reference regulation relative report smart smart contracts stablecoin stablecoins value