Skip to content

Update assets.md #1

New issue

Have a question about this project? Sign up for a free GitHub account to open an issue and contact its maintainers and the community.

Sign up for GitHub

By clicking “Sign up for GitHub”, you agree to our terms of service and privacy statement. We’ll occasionally send you account related emails.

Already on GitHub? Sign in to your account

Open
temptemp3 wants to merge 2 commits into
base: main
Choose a base branch
from
Open

Update assets.md #1

Changes from all commits
Commits
Show all changes
2 commits
Select commit Hold shift + click to select a range
98e5400
Update assets.md
temptemp3 May 14, 2024
bc5eb78
Update assets.md
temptemp3 May 14, 2024
File filter

Filter by extension

Filter by extension
Conversations
Failed to load comments.
Loading
Jump to
Jump to file
Failed to load files.
Loading
Diff view
Diff view
25 changes: 19 additions & 6 deletions docs/understanding-voi/assets.md
View file
Open in desktop
Original file line number Diff line number Diff line change
@@ -1,17 +1,30 @@
# Assets

Assets on Voi come in two different flavors. Each of which are powerful and can be leveraged in different ways to achieve the same outcome.
Assets on Voi come in two distinct types, each powerful and capable of being leveraged in different ways to achieve similar outcomes.

Both can be used to represent Fungible and Non-Fungible resources on the Voi blockchain as assets.

The main difference is that Standard Assets require a recipient to opt in to receive the asset first and they are not as extensible as Smart Assets.
Both types can represent fungible and non-fungible resources on the Voi blockchain as assets.

The main difference is that Standard Assets require the recipient to opt-in to receive the asset first and are not as extensible as Smart Assets.

### Smart Assets

Smart assets are represented by smart contracts and are created and interacted with by transactions that interact with smart contracts.
Smart Assets are represented by smart contracts and are created and managed through transactions that interact with these contracts.


### Standard Assets

Standard assets exist without the need for smart contracts and are created and interacted with by transactions alone.
Standard Assets do not require smart contracts; they are created and managed solely through transactions.

##### Voi

Voi is the native asset of the Voi chain, primarily used for participation and fee payments. It can also be utilized for purchasing services or other assets, such as NFTs, Standard Assets, and Smart Assets.

##### VSA (ASA)

VSA (also known as ASA which stands for Algorand Standard Asset) is an asset type built into the AVM that offers basic token functionality. Despite being a standard asset, its use is not widespread on the Voi Chain. To date, VSA is primarily used as early access tokens in the NFT launchpad High Forge, in the liquid staking token dVoi, and some Discord verification bots.