ELECTRONIC TRADING AND SETTLEMENT SYSTEM FOR BLOCKCHAIN-INTEGRATED CRYPTOGRAPHIC DIFFICULTY-BASED FINANCIAL INSTRUMENTS
A financial instrument trading system is provided which allows for the establishment and trading of cryptographic difficulty-based financial instruments using physical delivery of the underlying cryptocurrency. The cryptographic difficulty-based financial instruments are based on an expected value i...
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Main Authors | , , |
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Format | Patent |
Language | English French German |
Published |
19.10.2022
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Abstract | A financial instrument trading system is provided which allows for the establishment and trading of cryptographic difficulty-based financial instruments using physical delivery of the underlying cryptocurrency. The cryptographic difficulty-based financial instruments are based on an expected value including the predetermined reward per block of cryptocurrency, a predetermined hashrate, a predetermined financial instrument length, the predetermined nonce value of the underlying cryptocurrency, and the current difficulty level employed by the underlying cryptocurrency, and may vary as the difficulty level varies. The clearinghouse settlement system calculates daily variation margin in valuation of the financial instrument and provides for physical delivery of the underlying cryptocurrency to satisfy the variation margin. |
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AbstractList | A financial instrument trading system is provided which allows for the establishment and trading of cryptographic difficulty-based financial instruments using physical delivery of the underlying cryptocurrency. The cryptographic difficulty-based financial instruments are based on an expected value including the predetermined reward per block of cryptocurrency, a predetermined hashrate, a predetermined financial instrument length, the predetermined nonce value of the underlying cryptocurrency, and the current difficulty level employed by the underlying cryptocurrency, and may vary as the difficulty level varies. The clearinghouse settlement system calculates daily variation margin in valuation of the financial instrument and provides for physical delivery of the underlying cryptocurrency to satisfy the variation margin. |
Author | MCGLAWN, Joseph TRUDEAU, Matthew CHIPPAS, Thomas |
Author_xml | – fullname: MCGLAWN, Joseph – fullname: TRUDEAU, Matthew – fullname: CHIPPAS, Thomas |
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DocumentTitleAlternate | ELEKTRONISCHES HANDELS- UND ABWICKLUNGSSYSTEM FÜR BLOCKCHAIN-INTEGRIERTE KRYPTOGRAFISCHE SCHWIERIGKEITSBASIERTE FINANZINSTRUMENTE SYSTÈME DE NÉGOCIATION ÉLECTRONIQUE ET DE RÈGLEMENT POUR INSTRUMENTS FINANCIERS BASÉS SUR LA DIFFICULTÉ CRYPTOGRAPHIQUE INTÉGRÉS PAR CHAÎNE DE BLOCS |
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Notes | Application Number: EP20200898573 |
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RelatedCompanies | Eris Digital Holdings, LLC |
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Snippet | A financial instrument trading system is provided which allows for the establishment and trading of cryptographic difficulty-based financial instruments using... |
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SubjectTerms | CALCULATING COMPUTING COUNTING DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES PHYSICS SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR |
Title | ELECTRONIC TRADING AND SETTLEMENT SYSTEM FOR BLOCKCHAIN-INTEGRATED CRYPTOGRAPHIC DIFFICULTY-BASED FINANCIAL INSTRUMENTS |
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