Linking and Inviting Addresses
Linking and Inviting Addresses in Folks Finance
Difference Between Inviting and Linking an Address in Folks Finance
In the Folks Finance cross-chain lending protocol, inviting and linking an address are interrelated mechanisms used for account management. Linking is a streamlined frontend process for adding an address that the user owns, whereas inviting is a more generalized concept that can also involve addresses controlled by other individuals. Here is a detailed explanation of both processes and their differences:
Linking an Address
Definition:
Linking an address is a frontend process designed to streamline the addition of an address that the user owns to the Folks Finance lending account by automating the inviting and accepting steps.
Linking addresses is the simplest way to connect user account to different chains with minimal hassle.
Process:
Linking:
A user submits a "link address" transaction from a spoke chain.
This transaction is immediately relayed to the hub chain, and the hub chain updates its state with the new information.
Example Use Case:
A user wants to link their Polygon address to their Folks Finance account on the hub chain to allow for quick management and transactions across chains.
Inviting an Address (available soon)
Definition:
Inviting an address is a process where an existing registered address of an account can invite another address from a different spoke chain to join the account. This invited address can be controlled by another person. The invitee must then accept the invitation for the registration to be completed. Inviting addresses is useful for:
Connecting an address which is hosted in a different wallet, like your mobile phone vs. desktop browser wallets.
Creating collaborative accounts with friends or colleagues.
Process:
Invitation:
An existing address within an account initiates an invitation to another address.
This invitation is sent through a cross-chain message from the spoke chain of the inviting address to the hub chain.
Acceptance:
The invited address must accept the invitation for it to become registered to the account.
Once accepted, the invited address gains the same permissions and management capabilities as the original address.
Example Use Case:
A user on the Ethereum blockchain invites a friend’s Binance Smart Chain address to help manage their Folks Finance account. The Binance Smart Chain address must accept this invitation to gain management rights.
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