How to Create a Token on the Sui Network: A Step-by-Step Guide
Ever dreamed of making your own crypto asset? Whether you’re after the next Dogecoin or a utility token for your decentralized app (DApp), creating a token on the Sui network is simpler and cheaper than you might expect.
Sui is a next-generation blockchain built for speed and efficiency. With the Move programming language and parallel transaction processing, Sui has some advantages over older networks like Ethereum or Binance Smart Chain. This guide will show you how to create your own token, from setting up a wallet to managing liquidity and promoting your project.
What is the Sui Network?
Sui is a smart contract platform from Mysten Labs, launched in May 2023. Its strength lies in the Move programming language, made for secure and efficient blockchain operations. Unlike Ethereum, which processes transactions one by one, Sui handles multiple transactions at the same time. This makes it more scalable, with lower fees and faster transaction times.
Here’s Why Sui Stands Out
- Delegated Proof of Stake (DPoS): Token holders can run a full node or let validators handle their tokens. This system makes transactions faster and lowers liquidity risks.
- High Throug…
The post How to Create a Token on the Sui Network: A Step-by-Step Guide appeared first on Coin Edition.
How to Create a Token on the Sui Network: A Step-by-Step Guide
Ever dreamed of making your own crypto asset? Whether you’re after the next Dogecoin or a utility token for your decentralized app (DApp), creating a token on the Sui network is simpler and cheaper than you might expect.
Sui is a next-generation blockchain built for speed and efficiency. With the Move programming language and parallel transaction processing, Sui has some advantages over older networks like Ethereum or Binance Smart Chain. This guide will show you how to create your own token, from setting up a wallet to managing liquidity and promoting your project.
What is the Sui Network?
Sui is a smart contract platform from Mysten Labs, launched in May 2023. Its strength lies in the Move programming language, made for secure and efficient blockchain operations. Unlike Ethereum, which processes transactions one by one, Sui handles multiple transactions at the same time. This makes it more scalable, with lower fees and faster transaction times.
Here’s Why Sui Stands Out
- Delegated Proof of Stake (DPoS): Token holders can run a full node or let validators handle their tokens. This system makes transactions faster and lowers liquidity risks.
- High Throug…
The post How to Create a Token on the Sui Network: A Step-by-Step Guide appeared first on Coin Edition.