A difficult problem

The foreign exchange market (Forex, FX, or currency market) is a global decentralized or over-the-counter (OTC)market for the trading of currencies. This market determines the foreign exchange rate. It includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of trading volume, it is by far the largest market in the world, followed by the Credit market.^[1]

Unlike the currency issuer, there is no observable constraining channel.  All currencies are optimally liquid, nothing faster than can measure the queues.  Everything has to be derived from 15 year sequences, as shown by the dollar.

Bitcoin is different, it imposes a constrained channel and I would like to see the queue variation by currency would be nice.  The difference with traditional FX is a behind the scenes currency insurance voucher process. This is an option process whereby currency traders hold reserves in the treasury curve, waiting, and that queue, and any others like it have to be rooted out to be priced.

Bitcoin inherently solves the multi-color packing problem in a systematic method that allows a company like Coinbase to measure their Bitcoin queues by currency and then trade options on the FX market with the information. Bitcoin has a single denominator making the analysis easier. Likely the issue is making Bitcoin transaction white, then by complentation, the total of the multi-color are white.

Gluon does it different, you be priced and done with momentarily. But I can't do five color, dunno how yet. I probably want to match the buy and sells per currency first, then let the residual be neutralized by congestion fees such that the congestion fees, together across currencies, are white.  Sounds like a N^5 power convolution, some high speed stuff comparable to a bunch of miners running block chain. Tough problem.

That is the gain with block chain, the congestion fees become white, indicating fair trading going on. Miners appear here there is congestion, if you notice, and traders go where lines are short. White means there is no arbitrage moment. The tree trunk is white, there is no short cut, everything flows north to south with nearly the dame density.