I was watching the virtual summit presentation about Goguen and native assets in particular. One thing that struck me was that native assets would be lightweight (easy to create and easy to send). My paranoid mind created a scenario that may potentially be really annoying for everyone, but I’m not really educated on the code side of things so I wasn’t sure if I’m just wrong, but here goes:
If non-ADA native assets can be created and sent cheaply and to the same wallet as ADA (without having to send to different addresses for each native asset type), would this be potentially exploitable by companies who seek to advertise by spamming tokens with advertisements attached?
An example would be, raid shadow legends wants to shamelessly advertise their game. They create the native token “Raid-Shadow-Legends”. Using a list of addresses harvested by a third party (very easy to do), they make a smart contract that sends 1 Raid-Shadow-Legends token to each address on their list. If this process costs anything less than like $10000, this would be very worthwhile since they pay much more for advertisement elsewhere.
If one company starts doing it, hundreds of companies would start doing this. Wallets will have hundreds of unwanted token types clogging interfaces.
I’ve read this when this thread was just opened. I think this is a good question and I was hoping someone with more knowledge and relevant experience would reply to this.
Hopefully this thread will get an educated reply soon… I’ve just recently started following this project and I’d like to know more about it. An answer to the above question would be helpful to newcomers to the project (and to the crypto community) like me.
It is a bit more complicated, as every token’s address will have different format than the native currency (ADA) and other token addresses, and just those will only show up in your wallet you are participating in. So, do not be afraid of the unknowns as that makes us humans behave like stupid animals driven by fears. So, pls choose the hard way, start deep dig into it (and do not listen to any prophetess even me), until you fully understand it. Yep but that is hard as it requires extreme energy and time as it is easier just accept the things said by others we are tend to agree with. Here comes a link you can start with, just click on the title and the paper will be loaded. https://www.iohk.io/en/research/library/papers/utxoma-utxo-with-multi-asset-support/
I think the OP is not about fear that’s coming from total ignorance. It also isn’t a conclusion but a question. In my opinion, it is a valid and reasonable question coming from someone/anyone who is just starting to explore this project.
It’s one thing to read documentations and papers. I know there are really people who don’t do their due diligence but I think it’s safe to assume that many of us here already do our “homework”. But if a question comes to mind in the middle of your research, I think it’s still better if you ask your question in forums like this. It saves time.
It is a bit more complicated, as every token’s address will have different format than the native currency (ADA) and other token addresses, and just those will only show up in your wallet you are participating in.
Okay, that clears it up, thanks.
I think my confusion with the subject comes from the idea of staking rewards including things like wrapped Litecoin fees in the future. If I were staking, would I just instantly get it in my wallet? Or do I have to tick some box that allows me to receive it?