What is Hertz?
Hertz is a Formula Based Asset (FBA) which is pegged against the [USD|XDR] and modified to oscillate between rising the price feed and decreasing it in a predictable manner, thus we create phases of buying and selling pressure constantly back and forth forever.
Formula price feed script:
Haskell script
Surrendered FBA settings
- Disable confidential transactions:
- Require holders to be white-listed:
- Issuer may transfer asset back to himself:
- Issuer must approve all transfers
TODO
- We need to create a reliable implementation of the above pseudocode into the witness price feed scripts.
- We need 7 witnesses to commit to publishing the price feed.
- We need to decide whether to base it on USD or XDR/SDR
- We need to decide upon the Amplitude value, is 0.5 (50%) acceptable?
- We need to decide upon a the BlockPeriod (quantity of blocks representing 1 full oscillation).
- Discuss optimal Smartcoin settings.
Links
CRYPTOFRESH HERTZ details
Openledger HERTZ details
Bitsharestalk thread
Original Steemit thread
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Best regards,
Customminer.