user2080: If the policy ID for a some native token looks like this:
{

"keyHash": "wfwrfasdfasdfsadk4tjwljaldk1234567789123455678",

"type": "sig"

}

Can the token be minted and burned at any time by the owners of the keys? What are the limitations if any for a native token with a policy ID like this?
Thanks, Myles

user5167: Yes - this is an example of an unlocked policy. Tokens can be minted and burned under this policy forever with no limits.
Here would be an example of a time-locked policy:
{
  "type": "all",
  "scripts":
  [
    {
      "type": "before",
      "slot": 28515365
    },
    {
      "type": "sig",
      "keyHash": "3a25088ecd68bde986becda8ebc51077222f981cab4214025ccc7bfa"
    }
  ]
}


2080: <p>If the policy ID for a some native token looks like this:</p>
<pre><code>{

&quot;keyHash&quot;: &quot;wfwrfasdfasdfsadk4tjwljaldk1234567789123455678&quot;,

&quot;type&quot;: &quot;sig&quot;

}
</code></pre>
<p>Can the token be minted and burned at any time by the owners of the keys? What are the limitations if any for a native token with a policy ID like this?</p>
<p>Thanks, Myles</p>
 5167: <p>Yes - this is an example of an unlocked policy. Tokens can be minted and burned under this policy forever with no limits.</p>
<p>Here would be an example of a time-locked policy:</p>
<pre><code>{
  &quot;type&quot;: &quot;all&quot;,
  &quot;scripts&quot;:
  [
    {
      &quot;type&quot;: &quot;before&quot;,
      &quot;slot&quot;: 28515365
    },
    {
      &quot;type&quot;: &quot;sig&quot;,
      &quot;keyHash&quot;: &quot;3a25088ecd68bde986becda8ebc51077222f981cab4214025ccc7bfa&quot;
    }
  ]
}
</code></pre>
