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External and Native Token Forms

The Realith token layer is distinguished in at least two forms:

  • an external compatible form;
  • a native form of admission.

External form

The external form provides compatibility with the broader external environment. The initial external form of compatibility may have an ERC-20-compatible representation.

An ERC-20-compatible representation does not define the architectural essence of the token, its role in admission, or its internal canonical function in Realith. It defines only the external compatible surface of the token layer.

The ERC-20-compatible external form does not imply reserve backing, a redemption right, a goal of maintaining stable value, or a value model based on reference to another asset or right.

Native form

The native form is the native form of admission for the internal logic of the token layer. It remains primary with respect to the external compatible representation.

Minimal bridge-path boundary

The transition of the token layer between the external and native domains is formalized as a bridge-path.

The minimal boundary of such a transition includes:

  • an explicit transition between forms;
  • subordination of the bridge-path to the distinction between forms;
  • the absence of any replacement of object canon, state logic, ACT, or the general compatibility architecture;
  • deferral of the exact mechanics of the transition and of the exact rule of its completion.

Boundaries of the distinction between forms

The distinction between forms already establishes the following boundaries:

  • the external form is not equal to the essence of the token;
  • transferability does not create admission, rights, ownership, or powers;
  • the external compatible and circulating surface remains derivative with respect to the role of the token in admission.