Skip to main content
Hashnode
BLOG | MAGMA - Get news, a roadmap and timeline from MAGMA!

MoltenChain Sub-Chain Support

Published 1 min readMarkdown
R
Redeaux Corporation
Part of seriesMoltenChain Smart Contracts
MoltenChain Sub-Chain Support

SUB-CHAINS FOR TOKENS

On MoltenChain as well as minting tokens, the token creators can also deploy a smart contract to set up a side-chain for the token. With side-chains token creators can provide an independent ledger named after the token id.

Example: Bob creates Bobcoin with the ticker as BOBS, when Bob deploys the smart contract for the side-chain it will be named BOBS Chain. All swaps, exchanges, token lock-ups, LP buys or sells will be listed in the BOBS Chain ledger.

To learn more head over to MoltenCha.in.

14 views

About the author

  • Redeaux Corporation
    We have a team of experienced developers, some dating back to the 1980's. We are focused on building an ecosystem of nextgen applications, services, experiences, and games.

Comments

Join the discussion

No comments yet. Be the first to comment.

MoltenChain Smart Contracts

Part 3 of 3

MoltenChain smart contracts are designed to use LUA, from a command line to import your smart contract and broadcast it to the MoltenChain network via a MoltenChain node. ./moltenchain -d token.lua

Start from the beginningToken Lock Smart Contract for MoltenChain-- Smart contract for token locking mechanism on the MAGMA cryptocurrency on the MoltenChain blockchain -- Define variables local tokensLocked = 0 -- Number of tokens currently locked local lockDuration = 86400 -- Duration of lock in seconds (86400 s...

More from this blog