feat: enable ecosystem wide compatible account derivation #710
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Description
Currently, there is no common ecosystem wide approach to derive accounts from xcm-origins. This PR adds a converter both used by
The converter was introduced by Gavin Wood in order to create a general purpose conversion. The idea behind this converter is that a user
User1
fromChainA
has the ability to have a unique account on any other chain in the ecosystem. This so called remote account can only be controlled fromUser1
fromChainA
.Motivation and Context
Allows to have remote accounts on Hydra for all purposes a native account could be used. Especially useful for when we do not want to deteriorate UX by switching networks in the UI.
How Has This Been Tested?
In production at Centrifuge and Moonbeam for quite some time.
Checklist: