MiamiCoin is the primary coin of its sort, the place a metropolis is granted yield from the mining of their coin. Shut on Miami’s heels is New York Metropolis, with its newly elected and crypto-friendly Mayor Eric Adams and the brand new NYCCoin. Each New York’s NYCCoin and MiamiCoin are issued by CityCoins, whose tokens function with sensible contracts on Stacks, a protocol constructed on Bitcoin.Although these metropolis cash current an thrilling alternative for cities to faucet new sources of income and to experiment with partaking their communities in new applied sciences, additionally they include potential challenges starting from volatility to accessibility. How do Miami and New York and Homer intend to mitigate these dangers?
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