Account Registration (developer)

---

The process of registering a new account on the blockchain consists of two parts:

• Picking a random brain key and deriving a priate/public key pair

• Create the corresponding account and registering it on the blockchain

1. Prerequisites

• Connecting to witness_node (Full node or API Node)

• CLI Wallet commond window ready to use.

2. Brain, Private and Public Key Derivation

We can derive a new set auf keys using the suggest_brain_key command in the cli-wallet. The result will look like this:

>>> suggest_brain_key
{
  "brain_priv_key": "FILINGS THEREOF ENSILE JAW OVERBID RETINAL PILULAR RYPE CHITTY RAFFERY HANDGUN ERANIST UNPILE TWISTER BABYDOM CIBOL",
  "wif_priv_key": "5JVrt2921aikA7QP5ZCtR2sJh4wbEnsHsK6qo67Shnk9ArKMzNT",
  "pub_key": "BTS7D8jpQ2UwaQxqKyGpuhFQ9LBugCNxDhE7UN2jqgjVQgzG7zo9n"
}

The hierarchy for these values goes like this::

HASH(brain_priv_key) -> wif_priv_key
HASH(HASH(brain_priv_key)) -> pub_key

Hence, if you keep the brain key, you will be able to recover your required keys to access your account and/or funds.

Note

Even though suggest_brain_key shows only one private key that will be used for the owner authority most wallet implementations will derive an additional second private key to be used for the active authority!

3. Creating and Registering an account

If you want to create and register a new account on your own because you have the funds in another account and don’t want someone else involved, you can make use of the command create_account_with_brain_key::

>>> create_account_with_brain_key <brain_key> <account_name> <registrar_account> <referrer_account> <broadcast>

For our example, we would get::

>>> create_account_with_brain_key "FILINGS THEREOF ENSILE JAW OVERBID RETINAL PILULAR RYPE CHITTY RAFFERY HANDGUN ERANIST UNPILE TWISTER BABYDOM CIBOL" mywallet myfunds anonymous true

4. Registering an Account

If you want to register the account of someone else, all you need is the public key. In theory, the BitShares blockchain distinguishes three keys for each account, namely the owner, active, and the memo key. However, for the sake of simplicity, we here make use of only one public key (see example above).

In order to register an account, we need an other account that has enough funds to pay the fee for the registration transaction. This account will be called registrar_account. Another account referrer_account can be registered that will get referrer_percentage of the referral bonus program. Any registered account can take the role of the referrer. Hence we here say that user anonymous has referred us. The syntax goes like this::

>>> register_account name, owner_pubkey, active _pubkey, registrar_account, referrer_account, referrer_percent, broadcast

For our example we say we register a new user called mywallet, use the pubkey derived above and let our account myfunds pay the fee::

>>> register_account mywallet BTS7D8jpQ2UwaQxqKyGpuhFQ9LBugCNxDhE7UN2jqgjVQgzG7zo9n BTS7D8jpQ2UwaQxqKyGpuhFQ9LBugCNxDhE7UN2jqgjVQgzG7zo9n myfunds anonymous 100 true

Note

in order to register an account, the registrar (here: myfunds) needs to be a lifetime member!

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• register_account

description

Registers a third party’s account on the blockckain. This function is used to register an account for which you do not own the private keys. When acting as a registrar, an end user will generate their own private keys and send you the public keys. The registrar will use this function to register the account on behalf of the end user.

parameter

[name]

the name of the account, must be unique on the blockchain. Shorter names are more expensive to register; the rules are still in flux, but in general names of more than 8 characters with at least one digit will be cheap. (e.g., mywallet)

[owner_pubkey]

the owner key for the new account (e.g., “pub_key” value - created by the suggest_brain_key)

[active_pubkey]

the active key for the new account (e.g., “pub_key” value - created by the suggest_brain_key)

[register_account]

the account which will pay the fee to register the user. (e.g., myfunds)

[referrer_account]

the account who is acting as a referrer, and may receive a portion of the user’s transaction fees. (e.g., anonymous)

[referrer_percentage]

the percentage (0 - 100) of the new user’s transaction fees not claimed by the blockchain that will be distributed to the referrer. (e.g., 100)

[broadcast]

true to broadcast the transaction on the network. (e.g., true)