Stable Cryptocurrency Coinage

Abstract

A multi-coin mechanism for maintaining a stable value of cryptographic coinage traded in a decentralized market exchange without requiring a reserve. Multiple, pegged cryptographic tokens are traded in the reserveless decentralized market exchange. Each of the multiple, pegged cryptographic tokens may be pegged to a different asset (such as different currencies and/or commodities). The multiple, pegged cryptographic tokens are value related based on cryptographic exchange rates. 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 tokens, while the creation operation creates new ones of the pegged cryptographic tokens n. The multi-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 method performed by a server that stabilizes values associated with cryptographic coins, the method comprising:
 receiving, by the server, a cryptographic coinage transaction conducted via a computer network between computers specifying a cryptographic token and a different cryptographic token;   monitoring, by the server, the values associated with the cryptographic token and the different cryptographic token;   adjusting, by the server, the values of the cryptographic token and the different cryptographic token by executing a destruction operation that destroys the cryptographic token from the computer network; and   in response to the destruction operation, performing, by the server, a creation operation by injecting the different cryptographic token into the computer network.   
     
     
         2 . The method of  claim 1 , further comprising monitoring a population supply of the cryptographic token circulated in the computer network. 
     
     
         3 . The method of  claim 1 , further comprising monitoring a population supply of the different cryptographic token circulated in the computer network. 
     
     
         4 . The method of  claim 1 , further comprising logging the destruction operation. 
     
     
         5 . The method of  claim 1 , further comprising logging the creation operation. 
     
     
         6 . The method of  claim 1 , further comprising adding a database entry to an electronic database that associates the cryptographic coinage transaction with the destruction operation. 
     
     
         7 . The method of  claim 1 , further comprising adding a database entry to an electronic database that associates the cryptographic coinage transaction with the creation operation. 
     
     
         8 . A system that stabilizes values associated with cryptographic coins, the system comprising:
 a hardware processor; and   a memory device storing instructions that when executed by the hardware processor perform operations, the operations comprising:   receiving a cryptographic coinage transaction conducted via a computer network between computers specifying a pegged cryptographic token and a different pegged cryptographic token;   monitoring the values associated with the pegged cryptographic token and the different pegged cryptographic token;   adjusting the values of the pegged cryptographic token and the different pegged cryptographic token by converting the pegged cryptographic token into the different pegged cryptographic token according to the values; and   executing a destruction operation that destroys the pegged cryptographic token from the computer network.   
     
     
         9 . The system of  claim 8 , wherein the operations further comprise monitoring a population supply of the pegged cryptographic token in the computer network. 
     
     
         10 . The system of  claim 8 , wherein the operations further comprise monitoring a population supply of the different pegged cryptographic token traded in the computer network. 
     
     
         11 . The system of  claim 8 , wherein the operations further comprise logging the destruction operation. 
     
     
         12 . The system of  claim 8 , wherein the operations further comprise identifying a conversion quantity associated with the converting of the pegged cryptographic token into the different pegged cryptographic token. 
     
     
         13 . The system of  claim 8 , wherein the operations further comprise adding a database entry to an electronic database that associates the cryptographic coinage transaction with the destruction operation. 
     
     
         14 . The system of  claim 8 , wherein the operations further comprise adding a database entry to an electronic database that associates the values with the destruction operation. 
     
     
         15 . A memory device storing instructions that when executed by a hardware processor perform operations, the operations comprising:
 receiving a blockchain specifying cryptographic coinage transactions conducted via a computer network between computers, the cryptographic coinage transactions associated with a pegged cryptographic token and a different pegged cryptographic token;   monitoring values associated with the pegged cryptographic token and the different pegged cryptographic token;   in response to the values, converting the pegged cryptographic token into the different pegged cryptographic token; and   removing the pegged cryptographic token from the computer network.   
     
     
         16 . The memory device of  claim 15 , wherein the operations further comprise monitoring a population supply of the pegged cryptographic token in the computer network. 
     
     
         17 . The memory device of  claim 15 , wherein the operations further comprise monitoring a population supply of the different pegged cryptographic token traded in the computer network. 
     
     
         18 . The memory device of  claim 15 , wherein the operations further comprise logging the converting of the pegged cryptographic token into the different pegged cryptographic token. 
     
     
         19 . The system of  claim 8 , wherein the operations further comprise identifying a conversion quantity associated with the converting of the pegged cryptographic token into the different pegged cryptographic token. 
     
     
         20 . The system of  claim 8 , wherein the operations further comprise adding a database entry to an electronic database that associates the values with the converting of the pegged cryptographic token into the different pegged cryptographic token.