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OLE XXX: Delegated Issuance
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delegatedissuance.adoc 
  OLE: XXX
  Layer: Protocol
  Title: Delegated Issuance
  Author: dexx (dexx@bitwatch.co)
  Comments-Summary: No comments yet.
  Comments-URI: https://github.com/OmniLayer/Documentation/blob/master/OLEs/ole-XXX.adoc
  Status: Draft
  Type: Informational
  Created: 2021-04-20
  License: BSD-2-Clause

Introduction

Abstract

This document proposes a new transaction type for the Omni Layer protocol, which allows to delegate the issuance and revocation of managed tokens to other addresses.

Copyright

This OLE is licensed under the 2-clause BSD license.

Motivation

Right now only the issuer of a managed token can create or revoke units of the token. However, with this new transaction type, other addresses may be used for this process.

Use cases..?

Specification

Two new transaction types are added:

  • Add Delegate

  • Remove Delegate

Only the actual token issuer can add or remove delegated, but no delegate itself. Delegates are also unable to change the issuer or manager of a token.

References

XXX

Appendices

XXX

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