NuBits - Definition from the Hotspot Shield Encyclopedia
NuBits is a digital currency that is the first stable value digital currency of its kind.
The main benefit of the NuBit currency is that is provides a stable rate that rarely fluctuates. 1 NuBit is equal to 1 USD which makes transactions calculations extremely straightforward. During 2015, NuBits managed to maintain a stable value of 1 USD per 1 NuBit. To maintain a stable currency value, a technique called Sell and Buy walls is used. This involves placing large market orders in USD on both sides of the currency exchange with supports the narrow price range. Users who perform these exchanges compete against each other for commission based rewards. NuBits is praised as being a pioneer for the creation of stable digital currencies.