Skip to content

CIP-0025 | Restrict to minting (positive amounts) #527

New issue

Have a question about this project? Sign up for a free GitHub account to open an issue and contact its maintainers and the community.

Sign up for GitHub

By clicking “Sign up for GitHub”, you agree to our terms of service and privacy statement. We’ll occasionally send you account related emails.

Already on GitHub? Sign in to your account

Merged
rphair merged 1 commit into from
Aug 1, 2023
Merged

CIP-0025 | Restrict to minting (positive amounts) #527

Changes from all commits
Commits
Show all changes
1 commit
Select commit
File filter

Filter by extension

Filter by extension
Conversations
Failed to load comments.
Loading
Jump to
Jump to file
Failed to load files.
Loading
Diff view
Diff view
6 changes: 4 additions & 2 deletions CIP-0025/README.md
View file
Open in desktop
Original file line number Diff line number Diff line change
Expand Up @@ -139,15 +139,17 @@ Optional fields allow to save space in the blockchain. Consequently the minimal

As mentioned above this metadata structure allows to have either one token or multiple tokens with also different policies in a single mint transaction. A third party tool can then fetch the token metadata seamlessly. It doesn't matter if the metadata includes just one token or multiple. The proceedure for the third party is always the same:

1. Find the latest mint transaction with the label 721 in the metadata of the specific token
1. Find the latest mint transaction with the label 721 in the metadata of the specific token that mints a positive amount of the token
2. Lookup the 721 key
3. Lookup the Policy Id of the token
4. Lookup the Asset name of the token
5. You end up with the correct metadata for the token

### Update metadata link for a specific token

Using the latest mint transaction with the label 721 as valid metadata for a token allows to update the metadata link of this token. As soon as a new mint transaction is occurring including metadata with the label 721, the metadata link is considered updated and the new metadata should be used. This is only possible if the policy allows to mint or burn the same token again.
Using the latest mint transaction with the label 721 as valid metadata for a token allows to update the metadata link of this token. As soon as a new mint transaction is occurring including metadata with the label 721 and a positive amount of the token, the metadata link is considered updated and the new metadata should be used. This is only possible if the policy allows to mint or burn the same token again.

Since modern token policies or ledger rules should generally make burning of tokens permissionless, the metadata update is restricted to minting (as in positive amounts) transaction and excludes burning transactions explicitly.

## Backward Compatibility

Expand Down