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Achieving satisfied virtual exchange rates through multiple-stage virtual money supply
Jingzhi Guo; Meilan Xie
Conference NameInternational Conference on Cyberworlds (CW)
Source Publication2013 International Conference on Cyberworlds
Conference Date21-23 Oct. 2013
Conference PlaceYokohama, Japan

An important research problem in designing an open virtual world is how to enable virtual currency exchange between multiple virtual worlds and guarantee the exchange fairness when multiple virtual currencies are adopted as virtual payment instruments in virtual trades between virtual worlds. While an existing VMX theory solved the fairness problem in a VERA algorithm based on a Pareto exchange point [3], a new expecation problem has been found such that exchange requesters might submit minimum acceptable rates (MAR) to determine whether to accept VMX systems-generated virtual currency exchange rates. When exchange requestors think the systems-generted rates are lower than MAR, they select not to accept the systems-generated rates. The withdrawal of systems-generated rates creates the expectation problem such that the fairness has been lost due to Pareto exchange point no longer exists. To solve the expectation problem, this paper has developed a new VERA-RS algorithm by extending the existing VERA algorithm based on a newly developed formal expectancy model and a novel m-stage and n-phase three-level computing framework. VERA-RS algorithm has solved expectation problem by achieving a set of satisfied virtual currency exchange rates. © 2013 IEEE.

KeywordAlgorithm Exchange Rate Virtual Currency Virtual Money Virtual Wealth Protection Virtual World
URLView the original
Indexed BySCI
WOS Research AreaComputer Science ; Engineering
WOS SubjectComputer Science, Theory & Methods ; Engineering, Electrical & Electronic
WOS IDWOS:000345862900014
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Document TypeConference paper
AffiliationDepartment of Computer Science and Information Faculty of Science and Technology, University of Macau, Macao
First Author AffilicationFaculty of Science and Technology
Recommended Citation
GB/T 7714
Jingzhi Guo,Meilan Xie. Achieving satisfied virtual exchange rates through multiple-stage virtual money supply[C],2013:71-76.
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