Tag: assets

MultiChain Native Assets

MultiChain allows the creation & tracking of assets at the network level.

A use of  Blockchain to have defined limited native assets & let peers or nodes transact them among each other in an atomic or non-atomic manner. Anything can be defined as an asset.

Using native assets:

MultiChain allows the creation and tracking of assets at the network level

Assets in MultiChain

MultiChain supports assets natively at the blockchain level. The identifiers and quantities of assets are encoded within each transaction output, alongside the quantity of the blockchain’s native currency (which may be zero if it is not being used). Every MultiChain node tracks and verifies the quantity of assets in transactions, just as it is does with the native currency. Specifically, it checks that the total quantities of all assets in a transaction’s outputs are exactly matched by the total in its inputs. MultiChain allows each transaction output can contain any number of different assets.

In MultiChain, assets can be referred to in any of three ways:

  • An optional asset name, chosen at the time of issuance. If used, the name must be unique on a blockchain, between both assets and streams. Asset names are stored as UTF-8 encoded strings up to 32 bytes in size and are case insensitive.
  • An issuetxid, containing the txid of the transaction in which the asset was issued.
  • An assetref which encodes the block number and byte offset of the issuance transaction, along with the first two bytes of its txid.Common Commands: 
    
listpermissions issue (Check whether you have the permission to issue or not)
issue 16bNJqp4d8JX3uL7UYr5hACWLnK2LU4f2Ep9FD aj007 100000 0.000001 (Address which has the permission to issue. Here aj007 is the asset issued. This has precison till 6 as specified in the last param)
listassets (list the assets on the chain)
gettotalbalances (get the total balance on the server)
send 15ZLxwAQU4XFrLVs2hwQz1NXW9DmudRMcyx2ZV aj007 5000 (send the assets to the given address on node - 2)
listwallettransactions (get the total transactions which have occured in the given wallet)

sendwithdata 15ZLxwAQU4XFrLVs2hwQz1NXW9DmudRMcyx2ZV '{"aj007":500}' data (Sending metadata in transaction)


    Reference: https://www.multichain.com/developers/native-assets/