According to public data, a number of individuals are creating tokens using the Simple Ledger Protocol (SLP) on the Bitcoin Cash (BCH) blockchain every day. The SLP ecosystem is expanding and has given anyone the ability to create the next great digital token for tomorrow.
SLP Hackathon Prize Pool Grows, Crescent Cash Improvements, and Art on the Bitcoin Cash Blockchain
If you follow the BCH community, you’ve likely heard of the Simple Ledger Protocol (SLP) and the tokens that derive from this system. It’s been over a year since the SLP project launched and the token universe has grown exponentially as the outlying infrastructure has matured. Now developers are hosting a dedicated SLP hackathon aimed at building out the token environment even more. Further, when we last reported on the SLP Virtual Hackathon (SLPVH), we mentioned rewards that will be given to the winners. Now the prize pool is over $7,000 thanks to BCH and SLP token donations.
Last week, BCH supporters donated bitcoin cash and various tokens like spice to the prize pool in order to give contestants more incentives. SLPVH will be held for 72 hours on September 27-30 and participants are encouraged to come up with unique ideas like onchain voting, token specific wallets, SLP tip bots, NFT (nonfungible token) collectibles, and onchain games. Additionally, software developer Chris Troutner published a descriptive video on SLP token development with tools like Badger Wallet, SLP SDK, SLP SDK Documentation, and the bch-cli-wallet alpha release with SLP support.
“I created this video to help contestants in the SLP hackathon,” Troutner explained. “[The video] is a walkthrough on how to set up a development environment, create tokens, mint tokens, and send tokens.”