backing ratio

In the BYTES and BTP drafts, a population's attributed bytes divided by its supply. The one-BYTES-per-byte peg "is not enforced; it is measured" by this ratio, which falls when another claimant is later recognised on the same bytes.

Used by: block.space

Used on #

• BYTES, a fungible blockspace token

Sources #

1. block.space docs: BYTES · block.space/docs/bytes
2. block.space docs: BTP · block.space/docs/btp
3. Blockspace Holdings records