86 lines
4.2 KiB
Markdown
86 lines
4.2 KiB
Markdown
# DeepDive into Liquid: Part II - Asset Creation and Configuration
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This is a multipart DeepDive that will focus on the Liquid Sidechain. It will be released in 3 Parts:
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* [Part I](https://stacker.news/items/399400): Overview, Installation, and first Peg-In
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* Part II (this): Asset Creation and Configuration
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* Part III: Advanced Topics and Peg-out
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## Assets
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In Part I, we succesfully Pegged-In our BTC and received L-BTC, now lets use that L-BTC to do some interesting things with Asset Issuance:
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* Let's begin by checking out these 2 commands[^1]:
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- `$ sudo ./scripts/app compose elements exec node elements-cli -rpcuser=$E_RPCUSER -rpcpassword=$E_RPCPASS getwalletinfo`
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"balance": {"bitcoin": 0.00149155}
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- `$ sudo ./scripts/app compose elements exec node elements-cli -rpcuser=$E_RPCUSER -rpcpassword=$E_RPCPASS dumpassetlabels`
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{"bitcoin": "6f0279e9ed041c3d710a9f57d0c02928416460c4b722ae3457a11eec381c526d"}
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This is telling us that `bitcoin` is a label for an asset that has the UUID of `6f0279e9ed041c3d710a9f57d0c02928416460c4b722ae3457a11eec381c526d`. Everything in Liquid is an 'Asset' (including L-BTC) and each of these Assets can have different features, issuance, and restrictions.
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Looking up this value on [https://blockstream.info/liquid/assets](https://blockstream.info/liquid/asset/6f0279e9ed041c3d710a9f57d0c02928416460c4b722ae3457a11eec381c526d) we can see info about it like its ticker, name, and circulating supply:
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### Issuing our own Asset
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* Issuing our own asset is straight-forward, as its a single line command in the client. Let's issue 10 new tokens and set the supply to be fixed (no re-issuance)
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- `$ sudo ./scripts/app compose elements exec node elements-cli -rpcuser=$E_RPCUSER -rpcpassword=$E_RPCPASS issueasset 10 0 true`
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{
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"txid": dd3983619f67e7a743ccfd32e48bbdb591c1d44b86a71d442be95a2453c0479a,
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"vin": 0,
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"entropy": cd3d7319525b28b6500d0a0b4688d91392ba8192be9bc264ec9637a001907322,
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"asset": 1e69f87952c26b8dfc80dda0427041a0279a0723ea12086b88b75752545e0d22,
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"token": 2dc5fb795fd42e08adb9dd29b5ff14f4326ecd8443e1cdc31dc6666d7576ff89
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}
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* Checking out our wallet we see:
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- `$ sudo ./scripts/app compose elements exec node elements-cli -rpcuser=$E_RPCUSER -rpcpassword=$E_RPCPASS getwalletinfo`
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"balance": {"1e69f87952c26b8dfc80dda0427041a0279a0723ea12086b88b75752545e0d22": 10.00000000,"bitcoin": 0.00148701}
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* We can see our wallet has 10 of our assets[^2], lets checkout what the [Liquid network knows about it](https://blockstream.info/liquid/asset/1e69f87952c26b8dfc80dda0427041a0279a0723ea12086b88b75752545e0d22):
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* So publiclly we know the following about our new asset:
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- It cannot be re-issued
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- It has only been issued once
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- However both the issued amount and the circulating supply has been hidden from us.
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* Let's create another asset and this time choose a different option:
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- `$ sudo ./scripts/app compose elements exec node elements-cli -rpcuser=$E_RPCUSER -rpcpassword=$E_RPCPASS issueasset 10 0 false`
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{"txid": "1dfdf2f3a393a7a7be9f1f58c8651565a29486851268027794e1b69f5227864f",
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"vin": 0,
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"entropy": "5a32df406eb3f8c4f9b59c669d411e3a5ed0fd75058c2483e5732ccc6b482722",
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"asset": "03d63d6c373979954a4dda2afdd941a0de96a0739da455af1cdb1a2e2a63a9a5",
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"token": "ac860f370aabb829b70283c05e13a327cccec8ad0eea5493980cca53dd6631f9"}
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...and checking again what [the Liquid network knows about it](https://blockstream.info/liquid/asset/03d63d6c373979954a4dda2afdd941a0de96a0739da455af1cdb1a2e2a63a9a5)
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* Lets set that to a variable for use later
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```
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$ export ISSUE='{"txid": dd3983619f67e7a743ccfd32e48bbdb591c1d44b86a71d442be95a2453c0479a,
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"vin": 0,
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"entropy": cd3d7319525b28b6500d0a0b4688d91392ba8192be9bc264ec9637a001907322,
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"asset": 1e69f87952c26b8dfc80dda0427041a0279a0723ea12086b88b75752545e0d22,
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"token": 2dc5fb795fd42e08adb9dd29b5ff14f4326ecd8443e1cdc31dc6666d7576ff89
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}'
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```
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* Now we can utilize individual entries (using `jq` utility):
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- `$ echo $ISSUE | jq .asset`
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"1e69f87952c26b8dfc80dda0427041a0279a0723ea12086b88b75752545e0d22"
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[^1]: The values E_RPCUSER and E_RPCPASS, where environmental variables we set in Part I
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[^2]: Like in bitcoin, 1 integer unit is 100,000,000 base units (not sats, but equivalent concept) |