Simple steps to start a Stellar Gateway

gistfile1.md

You can become your own gateway in two simple steps! Here we'll show how easy it is to issue your own currency on the Stellar network.

Extending trust & issuing credit

1: A user extends trust to your gateway account for a "maximum" amount of your currency. Remember, they're trusting you'll honor whatever your currency represents when they give it back to you.

$ curl -X POST https://test.stellar.org:9002  -d '
{
    "method": "submit",
    "params": [
        {
            "secret": "<USER_SECRET>",
            "tx_json": {
                "Account": "<USER_ACCOUNT>",
                "LimitAmount": {
                    "currency": "USD",
                    "issuer": "<GATEWAY_ACCOUNT>",
                    "value": 30
                },
                "TransactionType": "TrustSet"
            }
        }
    ]
}
'

2: Now, you'll issue your credits (currency) to the user (presumably after they've given you something in the real world!).

$ curl -X POST https://test.stellar.org:9002  -d '
{
    "method": "submit",
    "params": [
        {
            "secret": "<GATEWAY_SECRET>",
            "tx_json": {
                "Account": "<GATEWAY_ACCOUNT>",
                "Amount": {
                    "currency": "USD",
                    "issuer": "<GATEWAY_ACCOUNT>",
                    "value": 30
                },
                "Destination": "<USER_ACCOUNT>",
                "TransactionType": "Payment"
            }
        }
    ]
}
'

Thanks heeton, fixed.

Are you sure? testnet.stellar.org results in Could not resolve host: testnet.stellar.org

I'm assuming there is some sort of special Gateway account needed? I've tried this with about a dozen different combinations of normal account credentials and Source account not found is the furthest I can get.

EDIT: Looks like test accounts get wiped every so often? I got a single request to work, subsequent ones show that the account is gone...

EDIT2: Yep, live accounts work and stick around.

do we have something similar to rippled ?

Thanks for sharing these scripts. And now I am wondering, is there away for the <USER_ACCOUNT> to requests redemption to the <GATEWAY_ACCOUNT> of the issued credit?

EDIT: I think I figured out. It's just sending a payment back from the <USER_ACCOUNT> to the <GATEWAY_ACCOUNT> for the amount issued. There is a video showing this proccess in Ripple: https://www.youtube.com/watch?v=ti9QYSADWeQ