BitShares Forum

Main => Technical Support => Topic started by: Zapply on November 10, 2015, 12:09:00 pm

Title: How the Settlement price work
Post by: Zapply on November 10, 2015, 12:09:00 pm
Hi to all committee members

can someone please explain how the blockchain determine the Settlement price
Title: Re: How the Settlement price work
Post by: Xeldal on November 10, 2015, 03:16:36 pm
Hi to all committee members

can someone please explain how the blockchain determine the Settlement price


Every witness is responsible for providing a price feed to the blockchain for these assets.  The Settlement price is the Mean of all submitted price feeds.   

A witness will gather the market prices from as many different sources as possible weighted by volume, trust,  or some other qualifier, and submit this price as often as necessary.  Every witness's process for gathering the price is a little different so it should be fairly robust. Since there are many decentralized witnesses, the settlement price should be reliable, accurate, and free from manipulation.
Title: Re: How the Settlement price work
Post by: JonnyB on November 23, 2015, 04:53:42 am
how can you force settle MPA and get the bts equivalent out of them?
Title: Re: How the Settlement price work
Post by: xeroc on November 23, 2015, 08:46:01 am
how can you force settle MPA and get the bts equivalent out of them?
Currently not available in the official GUI branch ... but afaik the devs have it working already and are currently testing ..
Title: Re: How the Settlement price work
Post by: svk on November 23, 2015, 09:25:57 am
how can you force settle MPA and get the bts equivalent out of them?
Currently not available in the official GUI branch ... but afaik the devs have it working already and are currently testing ..

No it's not available yet and I haven't started development on it either. Too little time, too many things to add...