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RE: How To Deploy Your Own Smart Media Token On The Steem Blockchain - The SMT White Paper Series, Ep. One

in #steemit7 years ago

@dragosroua you said:

SMT can be transferred (what happens if the recipient doesn't have a wallet for that SMT? Is this done automatically by the blockchain? Not clear in the white paper yet)

Maybe I'm misunderstanding either your comment or how the SMTs work, but I don't think there's a separate wallet for each SMT, I think everything uses the same Steem wallet. So you can only transfer an SMT to someone who has a Steem wallet account in which case they can have any SMTs.

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Hmmm, it might be like that. Bitshares is working in a similar way when you create an asset on their blockchain.

yeah, same goes for an ethereum wallet. If you have a wallet with Ether, you can hold any kind of ERC-20 tokens.

I HATE BITSHARES!

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