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feat: align derivation accross ecosystem #1212

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mustermeiszer
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@mustermeiszer mustermeiszer commented Dec 6, 2023

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 from ChainA has the ability to have a unique account on any other chain in the ecosystem. This so called remote account can only be controlled from User1 from ChainA.

Motivation and Context

Allows to have remote accounts on Interlay 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.

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