Satoshi Nakamoto’s Bitcoin technology has inspired a lot of innovation spawning a myriad of tokens representing digitized assets. There are now token creation systems on blockchain networks like Omni Layer, Counterparty, and Ethereum. Each framework comes with the cost of sending tokens and right now the Simple Ledger Protocol is one of the cheapest most cost-effective ways to issue and send tokens.
Also read: Meet ‘Spedn’ — A Smart Contract Programming Language for Bitcoin Cash
The Rising Popularity of Tokens Built on Some of the Best Known Blockchains
Over the last few years, tokens have become a big part of the cryptocurrency ecosystem. Blockchain tokens, colored coins, and the association of real-world and digital assets tied to a secure network have been around for quite some time. In 2012, the Mastercoin protocol whitepaper was published and the author J. R. Willett explained: “The [Bitcoin blockchain] can be used as a protocol layer, on top of which new currency layers with new rules can be…