Makemoney Knotwork: Stellar: NKL

Here we provide a little bit of documentation about the currency NKL that is implemented on the Stellar platform.

NKL represents bitNicKeLs (NKL), one of the "Big Seven" currencies of the Galactic Miliu, which began as a blockchain currency of 420,000,000 coins based on BiTCoin but recognised that Proof of Work was not likely to be a sustainable way to secure a currency thus migrated, first to the Digitalis Open Transactions Server then to the HORIZON platform (where is is known as HZNKL).

The issuing account, which is the account which you have to create a line of trust with in order to utilise any of these assets, is GBHAQ252S4Z4AQOM4BWIRC3UHAOJIKCZQBUJGD336YH2O7W2NKRXMHA5

Please do NOT send these assets directly back to the issuing account, as that destroys them (basically it un-issues any that are sent back to it). Instead we use an issued-to account to which we initially issue these assets and from which we disburse them. If for some reason you wish to return any of these assets to us you may return them to the issued-to account, GATCAX6Q2TGGGU4Y7NJOSJCQ3SXZUWBTLJOKHKOK7LXZODXDJQCWXGX6

The issued-to account helps us keep track of how many of each asset we have issued onto the Stellar platorm, since the size of the trust line tht it maintains with the issuing account is the number of units of the asset that we have issued on this platform. (We may well ve, and indeed for many or most assets will have, issued thse assets onto other platforms also, such as for example the Digitalis Open Transactions Server and the Horizon network.