System for maintaining account valuation of digital currency accounts
OwnerEric Lamison-Whiteinventor
Life of this patent
Estimating the term…
Abstract
A digital currency account stabilization system for maintaining valuation of a digital currency account balance against a reference currency. The digital currency account balance is maintained in a currency account and has an initial value. Hedging positions are opened to maintain the valuation of the currency account at the initial value. When the valuation of the digital currency fluctuates, digital currency is added or deducted from the currency account to maintain the initial value.
Claims14
A method of maintaining a digital currency account, for stabilizing the value in a digital currency account with respect to a reference currency, the digital currency account having an account balance of digital currency, and simultaneously facilitating the use of the digital currency by an owner of digital currency account, comprising the steps of:
- a) creating a digital currency account, where the digital currency account is maintained using a digital currency system configured as a network comprising a plurality of decentralized computing devices, wherein the digital currency system has a plurality of digital currency units implemented using a block chain transaction ledger stored on the network of decentralized computing devices, wherein the block chain transaction ledger records all transactions using the digital currency;
- b) establishing an initial value of the digital currency account balance in the digital currency account with respect to the reference currency;
- c) determining a gain or loss in value of the digital currency from the initial value;
- d) adjusting the digital currency account balance by performing one of adding digital currency when a loss in value is determined and deducting digital currency when a gain in value is determined;
- e) making an account transaction initiated by the owner which changes the digital currency account balance;
- and
- f) repeating steps b through d.
A digital currency account stabilization method, for stabilizing valuation of currency accounts, each having an account balance of digital currency, using a stabilizing account, comprising the steps of:
- a) linking to a currency account having an account balance, where the digital currency account is maintained using a digital currency system configured as a network comprising a plurality of decentralized computing devices, wherein the digital currency system has a plurality of digital currency units implemented using a block chain transaction ledger stored on the network of decentralized computing devices, wherein the block chain transaction ledger records all transactions using the digital currency;
- b) establishing an initial value of the currency account balance in the digital currency;
- c) monitoring the valuation of said currency account according to the initial value;
- d) transferring digital currency between the stabilizing account and the currency account to maintain the initial value of the currency account when monitoring of the currency account show that the valuation has increased or decreased;
- e) making an account transaction initiated by the owner which changes the digital currency account balance;
- and
- f) repeating steps b through d.
Dependencies are inferred from the claim text.