RATE Group | SLP Developers Publish Specs for a Unique Type of Non-Fungible Tokens
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SLP Developers Publish Specs for a Unique Type of Non-Fungible Tokens

26 Jul SLP Developers Publish Specs for a Unique Type of Non-Fungible Tokens

Posted at 18:04h in Bitcoin News by

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The Simple Ledger Protocol (SLP) has become a popular project within the Bitcoin Cash ecosystem because it gives anyone the ability to issue and transfer tokens in a permissionless fashion. Since the project was announced last year, there’s been a myriad of tokens created on the BCH chain. A few SLP tokens have launched on exchanges and some of these tokens have gathered real value and utility. SLP developers have now revealed a new specification, which extends the SLP token type 1 protocol allowing for the creation of non-fungible tokens that can be grouped together using a single ID.

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The Simple Ledger Protocol and Tokenization Becomes a Mainstay Within the Bitcoin Cash Ecosystem

In the summer of 2018, it was well known that at some point in the near future the Bitcoin Cash blockchain would host a token creation protocol that allowed anyone to mint and transfer BCH-based…

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