All, I have a rather basic question on token properties.

Question

All, I have a rather basic question on token properties.

I just want to check my understanding is correct.
For the property "canWipe" does that really mean that the token owner can basically burn all of anyone's tokens?

#blockchain #cryptocurrency #elrond #english

0

19.12.2021

12 ответов

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Copo Автор вопроса

Anyone?

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19.12.2021

Pa⃨w⃨s⃨ -⃨ I WILL NOT DM/CALL

It has to be used with can freeze, so if that option is turned on the owner can freeze an account, then use can wipe which will essentially burn them

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19.12.2021

Pa⃨w⃨s⃨ -⃨ I WILL NOT DM/CALL

Certain regulations, for certain tokens may require this kind of ability.

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19.12.2021

Copo Автор вопроса

Pa⃨w⃨s⃨ -⃨ I WILL NOT DM/CALL
It has to be used with can freeze, so if that opti...

Thanks for the response. Another quick question, can this be canWipe be changed at any time during the token's life cycle? So, for example, if it's set to off (essentially "canWipe") it can be set to canWipe by the owner?

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19.12.2021

Pa⃨w⃨s⃨ -⃨ I WILL NOT DM/CALL

Copo
Thanks for the response. Another quick question, c...

If can upgrade is on then the features can essentially be changed

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19.12.2021

Copo Автор вопроса

Pa⃨w⃨s⃨ -⃨ I WILL NOT DM/CALL
If can upgrade is on then the features can essenti...

Can upgrade can be turned off and on or is it set once at token creation and unchangeable?

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19.12.2021

Pa⃨w⃨s⃨ -⃨ I WILL NOT DM/CALL

If it's off then that's it.. If it's on then it can be turned off

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19.12.2021

Copo Автор вопроса

Pa⃨w⃨s⃨ -⃨ I WILL NOT DM/CALL
If it's off then that's it.. If it's on then it ca...

Thanks again. Based on that I would guess that, ultimately, the safest token (in regards to protecting from potentially owners changing your holdings) would have pretty much everything set to off. Obviously, the down side to that is that the tokenomics are pretty much set and can never be changed/improved accept for moving tokens around to different wallets.

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19.12.2021

Soon Mencukong

Pa⃨w⃨s⃨ -⃨ I WILL NOT DM/CALL
Certain regulations, for certain tokens may requir...

Plz check pm

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19.12.2021

Pa⃨w⃨s⃨ -⃨ I WILL NOT DM/CALL

Copo
Thanks again. Based on that I would guess that, ul...

Yeah, pretty much, of course it doesn't mean that if can upgrade is on they are doing anything untoward, but it's essential to DYOR

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19.12.2021

Copo Автор вопроса

Pa⃨w⃨s⃨ -⃨ I WILL NOT DM/CALL
Yeah, pretty much, of course it doesn't mean that ...

Yes, I appreciate that and I can understand why it would be useful to be on of you would like to change settings based on DAO suggestions, for example. This is part of my research and I'm learning all the time!

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19.12.2021

Pa⃨w⃨s⃨ -⃨ I WILL NOT DM/CALL · Accepted Answer

Pa⃨w⃨s⃨ -⃨ I WILL NOT DM/CALL

Copo
Anyone?

You can read what each of the things mean here https://docs.elrond.com/developers/esdt-tokens/

0

19.12.2021

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All, I have a rather basic question on token properties.

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