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Neurone
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@Neurone Neurone commented Aug 13, 2025

Description:

This PR introduces the draft proposal for the Dollar-denominated values HIP.

Discussion started here: #1230

@Neurone Neurone requested a review from a team as a code owner August 13, 2025 18:49
@Neurone Neurone changed the title HIP-XXX: Dollar-denominated values HIP-1264: Dollar-denominated values Aug 13, 2025
@Neurone Neurone force-pushed the main branch 3 times, most recently from 4e6f54c to d382153 Compare August 13, 2025 18:52
@kpachhai
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I think the greatest strength of this HIP is its simplicity. The fact that we would be piggybacking on the TokenID structure makes it so that it minimizes the development effort on the core protocol and makes it very easy for developers to understand and adopt.

With that said, this proposal significantly increases the importance and impact of Hedera's exchange rate oracle. Currently, this is mainly being used for calculating network fees, which are very small but with this change, the oracle will be responsible for determining the value of potentially massive transfers. Because of this, if there is any downtime, inaccuracy or potential manipulation would now have a much more sever impact than before.

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3 participants