Cointext Founder Publishes New ‘Postage’ Specs for SLP Tokens

On November 18, Cointext founder Vin Armani published a blog post that describes a new system called the ‘Simple Ledger Postage Protocol.’ The SLP concept allows wallets to send SLP tokens without having to use bitcoin cash (BCH) as ‘gas’ to forward transactions.

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The Simple Ledger Postage Protocol

Cointext CTO Vin Armani recently published a blog post called “Simple Ledger Postage Protocol: Enabling A True SLP Token Ecosystem On Bitcoin Cash,” which describes a method of sending SLP-based tokens without using BCH for ‘gas.’ In the post, Armani says that tokens like ERC20s stemming from Ethereum have suffered from the ‘dual currency’ requirement for years. Armani’s post stresses that more recently “similar proposals have arisen as ERC865 and EIP965” that address the issue. But to Armani “these solutions are quite complex and, to date, do not seem to be attracting…