USERS GUIDE

Smart Assets (Tokens & NFTs)

Catenis Smart Assets (typically referred to as tokens) are built around the original concept of Bitcoin colored coin protocol and are loosely based on some of the original specifications.

A colored coin is a method used to represent and manage identifiable units (tokens) with the Bitcoin blockchain. Bitcoin’s scripting language allows the encoding of identifiable information into the blockchain along with performing transactions. Colored coins are Bitcoins transferred within a transaction that has additional info identifying it as a specific unit (token) of its own. The information added to a colored coin may represent such assets as stocks, promises, transaction info, etc. These real-world assets are —- once included in the blockchain — immutable, easy to transfer, transparent, and secure.

They are essentially tokens that live on and are transferred across the Bitcoin Blockchain. They can be issued and transferred across the Catenis network. Combined with intelligent edge-node programs (smart contracts), they can trigger actions and events and act as intelligent inputs to powerful business conditions for execution. Smart Assets can also represent a physical entity that has been recorded on the Bitcoin blockchain. Catenis further expands its capabilities beyond the traditional scope of the Internet of Things by empowering clients to digitize more things. This goal is accomplished by empowering customers to easily create Smart Assets with the ability of our customers to transfer them along with content from one smart application to another.

Furthermore, Catenis provides all of the robust functionality one would expect when applications need to deal with and handle Smart Assets (tokens) such as issuing assets, reissuing assets, transferring assets, listing asset holders, retrieving asset issuance history, and much more.

For detailed specifications on the Asset Issuance and management API and associated methods see the latest release of the Catenis developer documentation here: https://catenis.com/docs/api/0.9/?php#issue-asset

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