Learn tokens under Olyn framework
Olyn enables the registry of assets at any given time, through a web3 framework enabling security and privacy by default.
Olyn assets can be understood from two points of view.
- Proof of Uniqueness
- Proof of Ownership
Proof of Uniqueness
Each asset token at Olyn is uniquely identified, publicly discoverable, privacy-focused and programmable.
Olyn assets are unique, and bespoke thanks to Olyn registry templates. Assets can be identified through an Olyn unique identifier displayed at token creation, because of the nature of Olyn being able to move and manage tokens from various chains, Olyn ensures that only this identifier is unique, as Blockchain tokens can statistically collide from the ones of other chains.
Although each token has a publicly available token in a specified chain, the data stored is for system purposes, there is no sensible user/asset stored there. Thanks to this mechanism, we ensure proof-of-uniqueness of the token under a web3 trustless framework.
Data is kept private under each asset resource in order to maintain privacy in the ecosystem and only the user has access to said information.
Olyn Asset can be programmable. Olyn offers a set of primer actions on the asset that developers and users can interact with. However developers—when defining the asset through a template or interacting with the Rules resources of each asset—can embed some logic in order for the prime set of actions to be executed.
Proof of Ownership
Each asset token in order to be created needs to belong to someone. This is a basic immutable rule for assets under the Olyn platform, which ensured no orphan assets, or asset resources (or any depended sub-resource) without linkage to an asset. This is because Olyn assets proof of ownership is based on modern web3 frameworks such as blockchain, in order for an asset to exist, the underlying cryptography must point to an owner wallet.
Updated 10 months ago