The 2-Minute Rule for SLP1 Protocol
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SLP takes advantage of a restricted type of bitcoin script following the OP_RETURN to encode variable length info chunks (byte arrays) as bitcoin script PUSH operations.
To assist gentle wallets, what is necessary is an entire node with code that watches all "SLP"-tagged transactions in mempool/blocks and classifies them as legitimate/invalid, since they roll in.
As a result, wallet software is usually configurable to suppress the display of likely token ‘sounds’ for a selected list of wallet addresses.
String fields within the GENESIS OP_RETURN payload Possess a advisable character encoding, on the other hand It's not
of SLP tokens in the exact same transaction. Also, it is possible to get rid of tokens if a token-containing output is improperly expended.
SAs periodically broadcast service availability and tackle queries from UAs, ensuring that providers are quickly discoverable.
String fields in the GENESIS OP_RETURN payload have a advised character encoding, however It's not necessarily
Given that SLP1 Protocol Bitcoin transactions ordinarily have multiple outputs, the OP_RETURN message specifies the number of tokens are now being assigned to which outputs.
SLP is often found in LAN-enabled printers, so that they are discoverable out of your box. Some client print drivers can use this for printer discovery.
Wallets could be modified to incorporate token validation strategies (as reviewed previously mentioned in previous sections) to compute a token balance for every tackle the wallet manages, in addition to usual BCH balances that a wallet Commonly shows.
This makes it doable to show conclude-of-minting abilities for a token even immediately after various minting events (it can be impossible to duplicate this baton as that would require double-spending the transaction output associated with the baton).
The preceding SLP Token specification focused on purely permissionless tokens as they offer probably the most liberty to your token holder, this means complete Charge of the electronic token is supplied to the token holder.
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