Bancor
Translation of "bancor" into Russian
bancor
NounUK
/ˈbæŋ.kɔː/
US
/ˈbæŋ.kɔr/
bancor
bancors pl
The concept of bancor was proposed by John Maynard Keynes.
Концепция банкоров была предложена Джоном Мейнардом Кейнсом.
Definitions
bancor
NounUK
/ˈbæŋ.kɔː/
US
/ˈbæŋ.kɔr/
A proposed international currency that was suggested by John Maynard Keynes during the negotiations that established the Bretton Woods system in 1944. It was intended to be used as a unit of account in international trade.
The concept of the bancor was introduced to facilitate global trade and reduce the imbalances between nations.
Bancor
Proper nounA decentralized blockchain liquidity protocol that enables automated token exchange, as well as the name of its native cryptocurrency token (BNT).
Bancor introduced an automated market-making mechanism to facilitate seamless token swaps.