glossary
Denomination
A genotype for digital assets that work like cash — divisible, recombinable, and fully fungible.
A type of Genome that works like cash — divisible, recombinable, and fully fungible.
When you own a Denomination asset, you own an amount, not a specific object. Just like how you can break a $20 bill into two $10s, Denomination Genomes can be split and recombined. Any unit is interchangeable with any other unit of the same amount.
This is one of the five genotypes in the Onli system, and it falls under the Value kind of ownership.
How it works
Denomination assets are minted in a Treasury and issued to owners. Once issued, they can be:
- Split — Break a larger amount into smaller amounts
- Combined — Merge smaller amounts into a larger one
- Moved — Change hands just like handing someone cash
The key operation is changeOwner — the asset moves from one Vault to another.
Examples: Loyalty points, micro-currencies, dollar-pegged digital instruments, in-app currencies.
Related terms
- Genotype — the classification system for Genomes
- Hexadecimal — another Value genotype, where value mutates in place
- Genome — the object that carries a genotype
- The Five Genotypes — full explanation of all five types