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This file contains hidden or bidirectional Unicode text that may be interpreted or compiled differently than what appears below. To review, open the file in an editor that reveals hidden Unicode characters.
Learn more about bidirectional Unicode characters
This file contains hidden or bidirectional Unicode text that may be interpreted or compiled differently than what appears below. To review, open the file in an editor that reveals hidden Unicode characters.
Learn more about bidirectional Unicode characters
This file contains hidden or bidirectional Unicode text that may be interpreted or compiled differently than what appears below. To review, open the file in an editor that reveals hidden Unicode characters.
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In Cosmos ecosystem there are two prevailing fungible token standards, the native token and the CW20. Osmosis is equipped with a “tokenfactory” module which allows anyone (human users or smart contracts) to mint native tokens. This is a much desired feature, as native token is superior than CW20 for many reasons which I will not cover here.
Given that Osmosis currently has a very low gas price, tokenfactory needs a mechanism to deter spamming, meaning an attacker creating a massive amount of new tokens that take up nodes’ storage space. It does this by charging a fee, currently set at 10 OSMO, whenever a new token is created. This is known as the denom_creation_fee in the code.
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