Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => Cardano Forum => Topic started by: mnixxo.crypto on February 24, 2021, 10:51:07 AM
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How difficult it is to issue new tokens
You have probably heard about ERC-20 tokens that can be issued on Ethereum. To issue and use them, you need to use smart contracts. In the Cardano ecosystem, tokens do not need smart contracts. Cardano supports tokens natively. It means that you do not need to use a smart contract for transferring tokens from address to address. It works exactly as it is with ADA coins. Users will be able to issue, send, receive and burn their tokens.
Read more here: https://cardanians.io/en/native-tokens-on-cardano-149
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Wow, such a good move by Cardano team. I think till ADA price is undervalue. I plan to buy more ada in this dumping period & This kind of amazing news makes me more confident.
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Mary Hard Fork is over. So everybody can create its own native tokens on the Cardano blockchain.
Here is the list of already created tokens:
https://cardanoassets.com/?fbclid=IwAR2E_2D-9vAGnQ6pc_gvn9ggaVd6e1694339ChNH0ji3oIT1cOq3ywa5znA
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More information:
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I think smart contracts are an important part of tokens ecosystem, and Cardano's effective smart contract support is a big step forward for this platform. Smart contracts make tokens more valuable than a simple payment method.
Other blockchain WAVES also allows users to create tokens easily but does not allow them to use smart contracts, which restrains projects from realizing their solution.
I'm a smart contract fan, and I think tokens on Cardano also need smart contracts to survive and thrive.
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I agree some of the tokens on Cardano are native but otherwise these kind of coins so much very expensive and potential in terms of trading into the cryptocurrency the platform will so memorable in the market.
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How difficult it is to issue new tokens
You have probably heard about ERC-20 tokens that can be issued on Ethereum. To issue and use them, you need to use smart contracts. In the Cardano ecosystem, tokens do not need smart contracts. Cardano supports tokens natively. It means that you do not need to use a smart contract for transferring tokens from address to address. It works exactly as it is with ADA coins. Users will be able to issue, send, receive and burn their tokens.
Read more here: https://cardanians.io/en/native-tokens-on-cardano-149
First of all, I heartily thank the Cardano team for taking such a step. If the steps taken by them are implemented, people will be more attracted towards it. I myself became more confident after hearing this news and I will try to use it soon.
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There are lots of native tokens on cardano in the stock exchanges and I believed this kind of tokens will go higher in terms of value in the blockchain especially one of the investors will provide to advertise everyday.
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You have shared with us a very nice and constructive post. I hope you will share more posts like this among us. So we have a lot of benefits for those who are senior and junior members Created the original post. Hopefully many will learn a lot from this post.