The numéraire (or numeraire) is a basic standard by which value is computed. In mathematical economics it is a tradeable economic entity in terms of whose price the relative prices of all other tradeables are expressed. In a monetary economy, acting as the numéraire is one of the functions of money, to serve as a unit of account: to provide a common benchmark relative to which the worths of various goods and services are measured. Using a numeraire, whether monetary or some consumable good, facilitates value comparisons when only the relative prices are relevant, as in general equilibrium theory. When economic analysis refers to a particular good as the numéraire, one says that all other prices are normalized by the price of that good. For example, if a unit of good g has twice the market value of a unit of the numeraire, then the (relative) price of g is 2. Since the value of one unit of the numeraire relative to one unit of itself is 1, the price of the numeraire is always 1.
Numeraire Wallets View All
Client-side ETH wallet that allows for the storage of Ethereum tokens, as well as USD and EUR.
Ethereum Mist DApp
An open-source Ethereum wallet that can use several DApps and has several advanced features.
The fastest and most secure way of interacting with the Ethereum blockchain
A sleek wallet that allows for the instant exchange of Ethereum tokens, among other coins.
Eidoo is a multicurrency wallet with a single backup passphrase and HD security level.
Offers an assortment of hardware wallets and Chrome extension for multiple cryptocurrencies.
Prediction Startup Numerai Raises $11 Million in ICO
American prediction market startup and hedge fund Numerai has raised $11 million in an initial coin offering to launch its project Erasure, Numerai tweeted on March 21.Introduced in late 2016, Numeraire network provides a blockchain and cryptographic token-based ecosystem for incentivizing anonymous data scientists to create predictive models.