Further HERTZ updates!

in #bitshares7 years ago (edited)

Hz

HERTZ is an upcoming Algorithm Based Asset (ABA) which is an market pegged asset (MPA) with a formula which modifies the price feed to oscillate using a sine wave. Want to know more?

Price feed script changes

  • Created a price feed verification script! Using this, I was able to confirm that the phase was correctly set & Wednesdays line up as the primary Hz day for the next 10 years.
  • Created dedicated python functions for improved dynamic use. Anyone can fork the price feed scripts, change these values and begin publishing price feeds for your issued ABA.
  • Pushed updates to Xeroc & Wackou's price feed script PRs.

Spreadsheet changes

  • Improved timestamp accuracy (now accounts for change in period)
  • Applied new default variables
  • Included proof of phase validity (10 years of wednesdays with only values 0.5, 1.0 & 1.5).

Variable changes

  • Amplitude = 1/3 (No longer 1/2)
  • Period = 28 days (No longer 30.43, to line up with the typical work week).
  • Phase = < 1 day (To make wednesday the primary Hz day).

Community updates

  • I've spoken during the last two (40 & 41) bitshares hangouts about HERTZ.

TODO

  • Poll multiple full nodes for the BTS/USD settlement price, so as to harden script from compromised nodes.
  • Find willing high-frequency (at least a couple times per day) price feed publishers.
  • Improve upon the hertz-verification.py script
    • Output charts within the script.
    • Possibly pull BTS historical data to plot how HERTZ would have faired against past price movements.
  • Further consider the amplitude value (still too high?)
  • Run initially in Bitshares testnet.
  • Wait for BSIP-0018 to go live prior to running HERTZ asset in production.

If you have any questions, please do reply below :)

Best regards,
@cm-steem

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Awesome work @cm-steem

This will be a great addition to the tools available to us and many others who will enjoy using it. I am keen to see how well it will go and looking forward to seeing it used or using it myself.

good timely updates, it's essential for any program to run smoothly, i resteemed this post to my follwers too.

Hertz is another promissing token need to be listed in your watch list.

Congratulations @cm-steem, this post is the sixth most rewarded post (based on pending payouts) in the last 12 hours written by a Hero account holder (accounts that hold between 10 and 100 Mega Vests). The total number of posts by Hero account holders during this period was 211 and the total pending payments to posts in this category was $3240.86. To see the full list of highest paid posts across all accounts categories, click here.

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