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http://dx.doi.org/10.15207/JKCS.2019.10.12.215

A Proposal on Cryptocurrency Dualization for Blockchain-based Artwork Trading System  

Lee, Eun Mi (Department of Art & Design, Sahmyook University)
Publication Information
Journal of the Korea Convergence Society / v.10, no.12, 2019 , pp. 215-221 More about this Journal
Abstract
The development of blockchain-based art trading platforms has not been revitalized despite the recent recovery of the cryptocurrency market. In this paper, we found that blockchain-based art trading platform is not revitalized due to the large volatility of cryptocurrency price. As a solution, we propose a trading system using dual types of cryptocurrency that one is Stablecoin and the other is legacy cryptocurrency. Through cryptocurrency dualization, the proposed system can satisfy both user's requirements of stability of art price and value growth of the blockchain system. In addition, the proposed system is expected to be able to balance the use of dual cryptocurrencies and market capitalization ratios according to market principles. Finally, the proposed cryptocurrency dualization is expected to be used in other applications that require both the stability of the value of transactions and the growth of the value of the blockchain system.
Keywords
Blockchain; Trading System; Cryptocurrency; Stablecoin; Dualization;
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Times Cited By KSCI : 5  (Citation Analysis)
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