Basics

Relysia Infrastructure and Tokens

Relysia was build from the ground up with token support in mind. You can let your users mint and share tokens without them requiring to own any BitcoinSV base currency.

As platform, we focus on a portfolio of reliable and stable protocols to ensure the best experience for both developers and their users. In our initial release, we thus launch on STAS tokens that have the unique ability to only require the execution of bitcoin script smart contracts.

Similar to artwork, NFTs and other collectibles may require decade long stability of their underlying token protocols. We at Relysia use inherently stable protocols to ensure ownership and the individual faith of companies are never connected.

STAS Token

STAS tokens are native bitcoin script tokens that get directly enforced by smart contracts. On of their main benefits over existing protocols is their long term stability and maintenance free functioning.

Smart contracts on the Bitcoin blockchain (written in script) are very similar to normal transactions, with the difference that they can only be transferred if certain conditions are met. Since they are normal transaction, they have the same limitations as a standard bitcoin transaction. The advantage is that a STAS token natively scales with improvements of the underlying network.

A transaction (and thus UTXO) can only be created with at least one satoshi within the STAS contract. When creating a token with 1 million supply, it will require 1 million satoshis.

STAS Types

The STAS protocol is versatile, capable of accommodating both NFTs and Tokens through configuration. The meta field associated with STAS tokens is fully customizable, enabling developers to input any necessary JSON data. In schema, the metadata format can be defined as either standard or non-standard. A standard metadata format is NFT1.0, which includes a media field containing a B protocol link, media type specified in MIME format, and altURI (a classical image URL).

A crucial distinction lies in the value of "splittable," which determines whether STAS tokens can be split (2 --> 1 + 1) and merged (1 + 1 --> 2), or not (1 --> 1). For NFTs, splittable should be set to false, resulting in serialization such as 1/100, 2/100, and so on.

STAS redemption

As previously established, each STAS UTXO smart contract requires a certain number of satoshis. However, when a token is no longer needed, the satoshis used in its creation are not lost; they can be released by redeeming the STAS smart contract, essentially dissolving the token. STAS tokens are redeemed by sending them back to their contract issuance address that is contained within every STAS token script.