Value Management

A value is a representation of a cryptocurrency. It is compliant with the ERC-20 standard for fungible tokens on the Ethereum blockchain. If you would like to operate with ZXC tokens, you would encapsulate that as a value.

When we talk about currency, we talk about value. A value is stored in the structure of a storage called Value Ledger. A Value ledger on the Ethereum blockchain represents a smart contract that complies with the ERC-20 standard. The 0xcert Framework follows this standard and adds some extra functions visible in the API section.

Learn by example

Click here to check the live example for this section.

Installation

We recommend you employ the package as an NPM package in your application.

$ npm i --save @0xcert/ethereum-value-ledger

On our official GitHub repository, we also host compiled and minimized JavaScript files that you can directly include in your website. Please refer to the API section to learn more about value ledger.

Usage overview

As usual, we begin by importing the module.

import { ValueLedger } from '@0xcert/ethereum-value-ledger';

Let's first deploy a new value ledger to the Ethereum blockchain.

const mutation = await ValueLedger.deploy(provider, {
    name: 'Utility token',
    symbol: 'UTT',
    decimals: '18',
    supply: '500000000000000000000000000', // 500 mio
}).then((mutation) => {
    return mutation.complete();
});

const valueLedgerId = mutation.receiverId;

Now that we have created a new value ledger on the network, we can load its instance.

const valueLedger = ValueLedger.getInstance(provider, valueLedgerId);

First, let's read the ledger data.

const valueLedgerInfo = await valueLedger.getInfo();
//=> { name, ... }

Since we are the ones to deploy the value ledger on the network, we automatically own the whole ledger value supply. In our account, we therefore have the total value of the value ledger, freely available for managing.

First, we make sure that we have two MetaMask accounts open. The example below shows how to transfer a value of 100 to the account with 0x ID (change this ID to the address of your second Ethereum wallet).

const mutation = await valueLedger.transferValue({
    receiverId: '0x',
    value: '100000000000000000000', // 100
}).then((mutation) => {
    return mutation.complete();
});

Finally, verify whether the amount has indeed been transferred to the new wallet.

const balance = await valueLedger.getBalance('0x...');
//=> 100000000000000000000

For more details, please refer to the API section.


We have now gained a clear understanding of assets and values. Next, we proceed to swapping them among owners in a decentralized manner.

Last Updated: 1/25/2019, 2:15:33 PM