Stable Coin On The ALGORAND Blockchain.
Information: Algorand is a public cryptocurrency blockchain and protocol that aims to deliver decentralization, scale, and security for all participants. Its native currency is ALGO. Algorand uses a permissionless proof-of-stake protocol. all users who hold ALGOs are automatically eligible to participate in all functionalities of the protocol, including participating in consensus by proposing and voting on blocks, in proportion to their stake (how much ALGO they have).
Algo blockchian ProfileConsensus Algorithm : Pure Proof of Stake (PPOS).
TPS : 1000.
Block Time : 4.5 sec.
Transaction Cost : 0.001 Algos
Algorand standard assets do not require smart contracts.
Let's get started to create stable coins in algo .
Algorand provides algodesk for issuing and managing assets. Behind the scenes, it will construct one simple transaction and submitted it to the network which will trigger the creation of the assets.
- Create Wallet in algorand . click https://algodesk.io/#/portal/home
Click in Asset manager and follow the instruction to process your algorand wallet.
2. Connect with a Test Net: Now we need to set test network,
3. Create Asset: Now click on the Create Asset tab and fill the Blank space, Asset Name: Your asset Name, Unit Name: Token Symbol, Total Supply: total number of token, Decimal: input decimal. Input these details for the token creation and press CREATE button to deploy in the test network .
4. Token Information: Congratulation you have successfully creat a token in the Algorand blockchain. This my token information https://testnet.algoexplorer.io/asset/14721952.
