Auran Network
  • Introduction
    • About Auran Network
      • Liquidity Layer
      • Messaging Protocol
        • Auran Token Standard
      • Ecosystem Evolution
      • Security
      • User journey
      • Developer journey
      • Auran Token
    • Technical Roadmap
    • Tokenomics
  • Developers
    • Cross-Chain smart contract apps
    • Example apps
  • Appendix
    • Contact us
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  1. Introduction
  2. About Auran Network
  3. Messaging Protocol

Auran Token Standard

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Last updated 11 months ago

Building upon the concept of Omnichain Fungible Token (OFT) introduced by LayerZero, Auran unveils a specialized token standard tailored for Bitcoin and its associated Layer 2 ecosystems. Distinct from existing token protocols on Bitcoin, this new standard facilitates a unique method for conducting omnichain transfers. It operates by burning tokens on the originating blockchain upon the commencement of a transfer. This action triggers a protocol-driven message, culminating in a function execution on the target blockchain's contract to recreate an equivalent quantity of the obliterated tokens.

Each network will feature a unique implementation of the token standard, tailored to accommodate the specific characteristics and Virtual Machine of the network.

Bridging Token A from Bitcoin to Stacks using Auran