RATE Group | How to Create Non-Fungible Assets and Collectible Tokens With Bitcoin Cash
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How to Create Non-Fungible Assets and Collectible Tokens With Bitcoin Cash

22 Aug How to Create Non-Fungible Assets and Collectible Tokens With Bitcoin Cash

Posted at 22:24h in Bitcoin News by

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On August 21, James Cramer, the developer behind the Simple Ledger Protocol (SLP), announced the launch of the Electron Cash SLP version 3.5. The latest release allows people to create a new type of SLP token called NFT1, a non-fungible token that can be grouped together by a single ID. The advanced form of SLP token creation allows people to use the system to create unique assets like gaming items, collectibles, and digital media rights.

Also read: Social Network Memo Adds Decentralized SLP Token Exchange

How to Create an NFT1 Type SLP Token Using the Electron Cash Wallet

The Simple Ledger Protocol (SLP) is celebrating its first anniversary. Since then there’s been a token explosion as thousands of unique coins have been created using the SLP system. The majority of SLP tokens have been a ‘type1’ token which defines a common list of rules for SLP-based tokens to follow within the larger Bitcoin Cash ecosystem. At the end of June, SLP engineers James…

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