Price Locks

Any user of the x42 blockchain can request price locks to be created for payments, xServer registrations, Profile registrations and other services. This price lock temporarily freezes the perceived fiat price of x42 for a fifteen (15) to sixty (60) block period (which roughly translates to fifteen minutes to an hour), during that period a payment ID (PID) will be created and available to the entire network, this PID it will not let the x42 or fiat value fluctuate until the price lock timer is expired.

This system can be fully implemented to any website, and this allows for payments to be made in x42 to any website or other similar services in real time, this system is completely decentralized. Any user can add to this system by hosting a node on their network or service, building on top of it in any way they like, this opens several avenues of free market, including but not limited to: transactions using credit cards, over the counter trading using other fiat or crypto systems, selling goods in x42, accepting payment in x42 and many, many others.

That not only means that users will be able to send the equivalent of rounded values in any of the supported fiat currencies (thirty-eight are currently implemented, with more to come) but also not have to worry about mistakenly paying more or less than what was requested.

Any user who chooses to host a T3 xServer will be rewarded with 1% of every transaction that requires a price lock, the first T3 to pick up that request will receive the entirety of the fee.

This system is essentially a fully decentralized version of bitpay that anyone can take part in, be it as a user or a host.