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 Consider voting for Customminer as proxy! Best regards, Customminer.