Methods for exchanging and evaluating virtual currency
AssigneesBprotocol Foundation, Localcoin Ltd.
InventorsEyal HERTZOG, Guy BEN ARTZI, Galia BENARTZI, Yehuda LEVI
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AssigneesBprotocol Foundation, Localcoin Ltd.
InventorsEyal HERTZOG, Guy BEN ARTZI, Galia BENARTZI, Yehuda LEVI
Estimating the term…
Method, system, and computer program product for executing cryptocurrency transactions. A request to execute a transaction related to a first cryptocurrency token is received by a secure ledger network. The secure ledger network executes a smart contract validated thereby and determining at least one rule for performing the transaction. Execution of the transaction comprising determining a price of the first cryptocurrency token and/or an amount of at least one of the first cryptocurrency token and another cryptocurrency token obtained in exchange of one another, based on a group of parameters comprising: a total amount (Tt) of the first cryptocurrency token in circulation, a total reserve (Tr) of the other cryptocurrency token in a reserve, and a reserve ratio constant (Rr) predefined as a ratio between the total reserve and a token market cap. A secure ledger maintained by the secure ledger network is updated about completion of the transaction.
A system for executing smart contract generated cryptocurrency transactions, the system comprising:
A non-transitory machine-readable storage medium for executing smart contract generated cryptocurrency transactions having an executable computer readable program code for causing at least one hardware processor when the at least one hardware processor executing the computer-readable program code to:
A non-transitory machine-readable storage medium for executing cryptocurrency transactions having an executable computer readable program code for causing at least one hardware processor when the at least one hardware processor executing the computer-readable program code to:
Dependencies are inferred from the claim text.