Metadata Discussions
Last updated
Last updated
Each Token has a :
Policy id
Asset name (the unique index)
A policy script dictates how the token is minted. A policy can include/combine time intervals and signatures.
Metadata is stored in a transaction's history not on the ledger
Metadata will be stored in JSON schema on a server.
Basic JSON schema will include :
Policy ID, Asset Name, Description, Logo, URL, Signatures required by policyID and Corresponding Keys
A token name can be registered more than once but not an asset name (the unique index)
Anyone will able to run their own metadata server with their own rules and standards.
The minimum executable value prevents overflow abuse of the blockchain. The cost is proportional to the amount of memory a UTXO entry takes up. By default the person sending the token pays the ADA fee.
Fees are scaled to the number of Tokens and Asset IDs in each transaction
Minimum Transaction fee : 1 ADA
Minimum Token fee : 1.4 ADA : 1 token with 1 asset ID and 1 NAME
Anyone will able to run their own metadata server instance.
The value for ADA is stored as a protocol parameter.
Currently the registry will be maintained / audited manually (via GitHub ?).
Only holders of Policy ID / Keys will be able to post entries in the metadata registry.
It is hoped that anyone running their own metadata server maintains these minimum security standards.
The Cardano Foundation JSON schema specfied (above) is the extant metadata standard.
ERC-20 interface transactions will have to checked off the Cardano chain ( to check ETH is burnt). Refer ERC-20 questions to upcoming Q and A from that team.
Discord context
