Posts

Showing posts from September, 2021

HOW DO I ISSUE AND ANCHOR ASSETS ON STELLAR?

Image
  Stellar’s core feature is the ability to issue assets. Any asset can be tokenized and transferred or traded over the Stellar network. It is easy, quick, and economical to do this from any bank, money service business, payment processors or local communities. Stellar has built-in mechanisms that allow you to tune assets for specific uses. You can list these assets on the Stellar exchange, and market-making bots will help you benefit from Stellar’s global reach and ensure liquidity. Stellar’s most important use case is currently the tokenization fiat currency to optimize cross-border payments. Anatomy of an Asset Two characteristics are common to every Stellar asset: The Asset Code Two supported formats are available for asset codes: the alphanumeric 4-character maximum or the alphanumeric 12-character max. The Issuer Stellar assets are created using a payment operation. The issuer is the account that pays the asset. Trustlines A trustline is a persistent account-level ledger entry...

HOW DO I SET UP STELLAR DEPOSITS AND WITHDRAWALS?

Image
  HOW DO I SET UP STELLAR DEPOSITS AND WITHDRAWALS? Stellar is now one of the most popular blockchain platforms in the world. It enables users to create assets and connect them to current financial rails or networks in order to move value onto or off the network. Anchor services are responsible for establishing these connections. The majority of anchors set up Stellar infrastructure by following the best practises outlined in SEPs for authorising wallets to offer in-app withdrawals and deposits. On the Stellar blockchain, how can you make deposits and withdrawals? David is a client interested in putting money into the excellent network. The following is how the procedure will go: On his device, David will open the SEP-24 wallet application of his choosing. Once he chooses an asset to deposit, the wallet will either discover an anchor for him or David can choose one himself. After the wallet authenticates with the anchor, he will provide the anchor with his KYC and transaction ...