Want to use Multichain to model a token/currency

+1 vote
I want to model a Token that can be :
- created on the blockchain
- have static information  about coin on blockchain
- transferred to new owner
- combine multiple input address to single output
- can be redeemed (burnt)
- have a reference to external data pertaining to dynamic data about token

Token must be accessed thru standard wallet.
All need to have browsers / explorers to scan the blockchain, with permissions / restrictions

Can this be done on Multichain?
asked Jun 21, 2017 by rrcherla

1 Answer

0 votes
Yes, everything in your list can be done on MultiChain. The token can be issued with metadata (for both static and dynamic information), transferred between users, have multiple inputs combined into a single output, burnt (see burnaddress from getinfo).

For the explorer you could start with our open source code: https://github.com/MultiChain/multichain-explorer

I'm not sure what you mean by "standard wallet" but MultiChain itself has a built-in wallet, and any bitcoin-compatible wallet can be relatively easily adapted to work with MultiChain tokens. MultiChain uses the bitcoin transaction format, block format, peer-to-peer protocol and cryptography scheme.
answered Jun 21, 2017 by MultiChain