The First Line of Defense: Access Control in the World of Cryptocurrencies
Have you ever heard of money being kept safe by a secret code? That’s exactly what happens in the world of cryptocurrencies! But, how do people make sure only they can access their money and no one else? This is where access control comes in.
Access control is like a lock on a treasure box. Only the person with the key can open the box and access the treasure inside. In the world of cryptocurrencies, access control works in a similar way. It helps make sure that only the right person can access and make changes to the money.
One common way of setting up access control in cryptocurrencies is through smart contracts. A smart contract is like a set of rules for the money. It says who can access the money and what they can do with it. One example of these rules is the Ownable contract. This makes sure that only one person can be the owner of the money and have control over it.
Another example is Roles contract. This allows for multiple people to have access to the money, but with different levels of control. For example, one person might be able to make changes to the money, while another can only view it. In a smart contract, you can set different roles such as:
- Admin: This is like a helper to the boss. The admin can do things like move money and change some of the rules.
- Minter: This is like a character who can create new supplies.
- Pauser: This is like a character who can pause the contract.
- Agent: a several crypto platforms such as JingMint, also support an Agent role. Agent role can be a combination of admin, minter, or pauser or a customized functions requested by the owner, to support coin founders on JingMint.
In conclusion, access control in cryptocurrencies is important to make sure that only the right people have access to the money. It helps keep the money safe and secure. Just like how a lock on a treasure box protects the treasure inside, access control in cryptocurrencies protects the money.
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