Stable Cryptocurrency Coinage

Abstract

A two-coin mechanism for maintaining a stable value of cryptographic coinage traded in a decentralized market exchange without requiring a reserve. A pegged cryptographic token and a variable-priced cryptographic token are both traded in the reserveless decentralized market exchange. The pegged cryptographic token and the variable-priced cryptographic token are value related based on a cryptographic exchange rate. Whenever a market transaction is processed (such as a buy or sell order), at least one of a destruction operation and a creation operation are performed. The destruction operation destroys at least one of the pegged cryptographic token and/or the variable-priced cryptographic token, while the creation operation creates new ones of the pegged cryptographic token and/or the variable-priced cryptographic token. The two-coin mechanism thus implements a decentralized and algorithmic monetary policy that removes and/or deposits cryptographic tokens to/from the reserveless decentralized market exchange to alter supply and to maintain stable coinage values.

1 . A memory device storing instructions that when executed cause a hardware processor to perform operations, the operations comprising:
 receiving cryptographic coinage transactions conducted by computers via a network, the cryptographic coinage transactions associated with a two-coin mechanism having a pegged cryptographic coin and a variable-priced cryptographic coin;   monitoring a supply and a value of the pegged cryptographic coin and the variable-priced cryptographic coin;   adjusting the value of the pegged cryptographic coin and the variable-priced cryptographic coin by performing a destruction operation that destroys the pegged cryptographic coin; and   adjusting the value of the pegged cryptographic coin and the variable-priced cryptographic coin by performing a creation operation that creates and deposits new ones of the variable-priced cryptographic coin;   wherein the destruction operation and the creation operation maintain a stability of the value of the pegged cryptographic coin.   
     
     
         2 . The memory device of  claim 1 , wherein the operations further comprise storing any of the cryptographic coinage transactions in electronic association with the destruction operation. 
     
     
         3 . The memory device of  claim 1 , wherein the operations further comprise monitoring the supply of the pegged cryptographic coin. 
     
     
         4 . The memory device of  claim 1 , wherein the operations further comprise monitoring the supply of the variable-priced cryptographic coin. 
     
     
         5 . The memory device of  claim 1 , wherein the operations further comprise logging the destruction operation. 
     
     
         6 . The memory device of  claim 1 , wherein the operations further comprise logging the creation operation.