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RLUSD is backed 1:1 by the U.S. dollar, meaning the company has promised to hold an equivalent sum of dollars in a reserve to collateralize each stablecoin that it issues.
(Reuters) - Crypto firm Ripple launched a stablecoin pegged to the U.S. dollar on Tuesday, looking to disrupt a market in which the top two incumbents account for nearly 90% of the value.
The coin’s value rose from $1.98 to a high of $2.46, amid news that Ripple’s highly-anticipated stablecoin, which has been in development since April, is preparing to debut.
But even with the greatest common divisor divided out, arithmetic with rational numbers can become unwieldy very quickly: 1/99 − 1/100 = 1/9900, and if 1/101 is then added, the result is 10001/999900. The size of arbitrary-precision numbers is limited in practice by the total storage available, and computation time.
General home computing and gaming utility emerged at 8-bit word sizes, as 2 8 =256 words, a natural unit of data, became possible. Early 8-bit CPUs (such as the Zilog Z80 and MOS Technology 6502, used in the 1977 PET, TRS-80, and Apple II) inaugurated the era of personal computing. Many 16-bit CPUs already existed in the mid-1970s.
In number theory, given a positive integer n and an integer a coprime to n, the multiplicative order of a modulo n is the smallest positive integer k such that (). [ 1 ] In other words, the multiplicative order of a modulo n is the order of a in the multiplicative group of the units in the ring of the integers modulo n .
RLUSD, which has been in development since April, will join the growing ranks of stablecoins backed by the U.S. dollar, once it is approved by the New York Department of Financial Services.
This can express values in the range ±65,504, with the minimum value above 1 being 1 + 1/1024. Depending on the computer, half-precision can be over an order of magnitude faster than double precision, e.g. 550 PFLOPS for half-precision vs 37 PFLOPS for double precision on one cloud provider. [1]