Accessing to the platform through https://planum.dev you and choose if you want to create your own token or explore existing tokens.
The process is very fast, doesn’t require very techical skills aside a basic knowledge of what you are doing, and can be resumed in 4 steps:
Login to “Planum” through Scypta digital identity.
Definition of token sidechain parameters.
In order to access “Planum” and start to use the sidechain generator, you need to login to https://planum.dev using one of different tools developed by Scryptachain for digital identity creation and management.
This will allow to easily create your first and brand new digital identity, or import an existing one. For completion, you can check the wiki section related to Scrypta ID.
Once your identity is created, you can login into “Planum” with your .sid file or using ScryptaID Browser Extension (a tool that allow to create and manage identities for use easily Scrypta dApps)
After logging in, you will be introduced to the main interface, where you have to introduce all parameters of your sidechain layer. Those parameters describes all attributes for your tokenized asset, that will run in his proper layer of the sidechain. You can choose name and ticker o your token, data metrics like total supply and decimals, plus few additional features.
Through “Asset metrics” tab, you can enter the total supply of your digital asset and the decimals of your digital asset.
Users have the option to make the token “reissuable” (owner can add any amount of supply also after the token is issued), or “burnable” (it’s possible to destroy a portion or the whole supply of the token).
When a new asset is issued, the layer architecture create the first sidechain genesis transaction for the new tokenized asset.
Here you can check the proof-of-existence for the created token https://proof.scryptachain.org/#/uuid/941fe054.b6e1.4e4b.8d28.660179c46bae
A typical transaction should contain the following properties:
Inputs: an array of unspent sidechain transactions (USXO) whose total is greater than or equal to the amount you want to send.
Outputs: an object containing the reception and exchange addresses. Recall that on Scrypta the changes coincide with the main address.
The Sidechain transactions are in all respects comparable to the mother blockchain transactions. and follow the usual signature and hash processes, so if we refer to traditional TXIDs to identify main chain transactions, in the case of sidechains, to differentiate between them, we called them with the acronym of SXID.
So, from now on, we will refer to SXID as the id of the transactions in sidechains.
The only difference between main chain and sidechain TX is that the USXO set will be relative to any single sidechain therefore the funds are only within the specific sidechain of tokenized assets, and cannot be mixed with others sidechains.
Once your tokenized assets is created, the total token supply will be automatically issued to the address identity of the owner that created the token, and will result in the balance of his own Manent App. Those tokens will appear alongside all other tokens issued by this owner or other tokens received, if any, and Lyra as currency of the main chain.
After the token is issued and the balance is visible on the main address, the token can transferred to anyone, stored inside Scrypta apps or electronically traded with other tokens or with Lyra as main currency of the network. According to our roadmap, we are already working on a platform where will be possible to digitally trade all sidechain tokens issued through “Planum”.
As sidechain tokens didn’t have their own addresses, in order to transfer any amount of token to anyone, you just need the Lyra address of the receiver. From inside your token control panel, you have the option to choose which token you want to transfer, the receiver address and the amount, exactly as you do when sending cryptocurrencies to other users.
It’s valuable to note that costs of issuing and exchanging tokens are represented only by the system fees which are equivalent, as in the other cases, to 0,001 LYRA per single transaction of 8000 Bytes (the amount of data size carried by the blockchain was recently increased by developers from an original value of 80 Bytes).
That’s mean that each transfer of tokens will cost 0,001 LYRA and the fee transactions are not correlated to the amount of token supply that is generated or transfered to other users.
The assets are transfered almost instantly thanks to the reading of the mempool executed by IdANodes which allows validating the transactions even with zero confirmations. Validation is done at IdANodes level, therefore allows to be sure that the delivered transaction is valid and that it will be inserted in the first available block.
The creation process involves the following steps, automatically managed by IdaNodes
Definition of genesis fields Creation of a new address by IdaNode Trustlink creation Sending a minimum of 1 LYRA by the owner to the Trustlink Writing on the blockchain of the genesis transaction Sending the entire supply by the Trustlink to the Sidechain owner
A Trustlink (a multisignature blockchain address generated by two or more standard addresses) is made between the user who wants to issue the token and the IdaNode that is invoked for the creation of the tokenized asset. To guarantee the uniqueness, horizontality and non-replicability of the Sidechain, the address is generated on-the-fly and his private key are burned immediately after writing the first genesis transaction.
When the Trustlink transfers the entire supply to the owner, it is possible to start making transactions using the first transaction as USXO (UTXO related to the sidechain).
We then focused on creating a replication of the UTXO system using the Scrypta blockchain as a database and delegating transaction validation directly to IdA Nodes and other clients such as Manent App.
All identities and balances can be linked to the Scrypta Card Wallet, a safe and powerful tool that can be used to create secure and long-lasting backups of your wallets, for the daily management of your Lyra, of your digital informationidentity or as payment system within the Sidechain or physical POS.