NuShares was created to a be a solution to Bitcoins high volatility. The network uses two types of units to achieve this: NuBits (currency) and NuShares (ownership of the network). Unlike most other crypto currencies, NuBits are not mines, but are issued based on consensus of the NuShares holders. In this way, NuBits are meant to be pegged to the value of USD, but this can be changed by consensus to another currency or to a basket of commodities.
NuShares are not issued regularly, but instead the price is allowed to rise based on demand. Using this two unit approach, the goal is to avoid the kind of volatility associated with alternative cryptocurrencies.
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