When you need a Stellar private key to make a payment, the client downloads the account Other users can find a Stellar address to send you payments. A sigchain link is created for your primary account so A bundle of all your Stellar account information When you add a Stellar account to your Keybase wallet, the private key and the name of theĪccount are encrypted by your client. Its smallest unit is a “Stroop,” i.e., one ten-millionth of a lumen.The Keybase Stellar wallet keeps your Stellar account keys secure yet conveniently available All transaction fees are paid in lumens hence it is required that every account holds a minimum lumen balance. The native currency of the Stellar network, Lumens (XLM), is the only asset that does not require a trustline or an issuer. Hence, we recommend you use a “big number” library that can record arbitrary-precision decimal numbers without losing any precision. Several APIs expect the amount in unit value, i.e., the scaled-up amount displayed to the end-users. Some programming languages like JavaScript face problems while maintaining precision on a number amount.
![stellar keybase stellar keybase](https://s3.amazonaws.com/keybase_processed_uploads/fe5fb71c11c289dd58d0979ded383a05_360_360.jpg)
The integer encoded value is abstracted away in the client-side and Horizon libraries like js-stellar-sdk. Relevance in Horizon and Stellar Client Libraries Amount values are stored as only signed integers to avoid bugs that arise from mixing signed and unsigned integers. To arrive at the native 64-integer representation, the asset amount unit (as seen by end-users) is scaled down by a factor of ten million. Stellar uses these structures to encode transactions. Amount PrecisionĪsset amounts are encoded as signed 64-bit integers in the XDR structures. Trustlines should always have enough balance to satisfy its selling liabilities and sufficiently below its limit to accommodate its buying liabilities.
STELLAR KEYBASE CODE
In case of issuing a currency, it should be used with the appropriate ISO 4217 code and in case of issuing a bond or stock, it should be used with the apt ISIN number. The credits represented by these stellar tokens can redeem something outside the network, such as bonds, fiat currency, gold, carbon credits, etc. So, the combination of the issuer and the asset code allows each asset to be identified uniquely. Sometimes, asset codes overlap as more than one organization can issue a credit representing the same underlying asset. These characteristics are used to identify an asset on Stellar for interaction. The issuing account has the responsibility for the asset and its control. The payment done by the issuing account creates the asset on the network. So, the issuer is the account that makes the payment using the asset it is issuing. It is an identifying code that allows potential token holders to understand what your token represents.Īssets on stellar are created with a payment operation. There are two supported formats for the asset code, i.e., the alphanumeric 4-character maximum and alphanumeric 12-character maximum. The two characteristics of every Stellar asset are:
![stellar keybase stellar keybase](https://digitaltokens.io/wp-content/uploads/2019/09/stellar-keybase-airdrop-1200x450.jpg)
So, let’s begin by discussing the anatomy of an asset. However, before we begin with the processes, it is important to discuss what an asset comprises. In this article, we will discuss how you can issue and anchor assets on Stellar.
![stellar keybase stellar keybase](https://cryptoleo.ru/wp-content/uploads/2019/09/stellar-keybase-airdrop.jpg)
Presently, the tokenization of fiat currency for optimizing processes like cross-border payments is the biggest use case for Stellar. You can also tune these assets to specific use cases with the help of Stellar’s built-in mechanisms, list them on the Stellar decentralized exchange and use market-making bots to benefit from Stellar’s global reach and ensure the required liquidity. It can be done quickly, economically, and by anyone (from banks, money service businesses, payment processors, local communities, enterprises, and individuals). You can tokenize any asset and then transfer or trade it over the Stellar network. One of the core features of Stellar is to issue assets.