In the Term Structure, a Register transaction occurs when a new user performs their first Deposit. Each user only needs to Register once along with a specific wallet, and they must deposit assets with an amount that is greater than or equal to the Minimum Deposit Amount. This is to prevent Sybil Attacks, where an attacker creates multiple fake identities to gain an unfair advantage on the network. The Register transaction is an on-chain transaction, and the user will interact with the smart contract to record their Term Structure account and tsPubKey.

The Term Structure account is an additional identity paired with an L1 address.

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