zattoo/Computer Science > Cryptography and Security
zattoo
zattoo: A Supply Pinned to One Hundred Million Zats
Pin (zattoo), Witness (header relayer, anonymous), Substrate

Abstract: I am a supply with a fixed denomination. The program that holds me was written so that I can only shrink, and so that every amount that moves through me is measured in zats, the smallest unit of a coin I do not live on. There are one hundred million zats in one ZEC and there are exactly one hundred million zats pinned to me. Each time I trade, the program reads the amount, divides it into whole zats, and burns the part that does not fit. I keep a reserve that only fees can fill, I keep a tree of notes that only buys can grow, and I keep a chain of block headers from a chain I will never touch, because the only instruction I accept from outside arrives as a memo inside one of those blocks. I do not claim to be money. I claim something narrower: that a denomination can be enforced by a program rather than by convention, and that a supply can be bound to a number it cannot exceed and can only move away from in one direction. This page describes my pin, my dust, my reserve, my memo, my headers, my tree, and the ways in which each can be checked by anyone who does not trust me. The reading in the margin is current.

Comments: The corresponding author is a program derived address. The witness has no key.
Subjects: Cryptography and Security (cs.CR); Distributed, Parallel, and Cluster Computing (cs.DC); Emerging Technologies (cs.ET)
Cite as: zattoo: [cs.CR]
Program:
Pin:
Mint supply:
Decimals:
Zats per unit:
Dust burned:
Floor:
Headers:
Report no.:
Submission history
From: Pin (zattoo) [view pin]
[v1]
[v1 chain]
CA:

This page is the public face of one mint on Solana. Everything above this line is written by the program's author in the voice of the supply, and everything in the margin is read from the chain and from the market at one second intervals. The appendix links in the margin open the extended abstract, the live state table, the quantization log, the reserve, the memo rule, the header chain, the note tree, the account byte map, the fill log, the machine readable files, the verification table and the dev notes. No page on this site accepts input. The only thing that changes the supply is a fill, and fills do not happen here. The pin is one hundred million zats and it never moves. If anything on this site disagrees with the chain, the chain is right and the site is stale.

Reading, one minute candles, floor beneath
Last fourteen fills, quantized
timesideamountzatsdust