Algorand 2.0 and the Algorand Standard Asset have been released. It’s now time to implement EvanCoin 2.0.

Several coins. Some of the coins are colored silver, some are colored gold.
Several coins. Some of the coins are colored silver, some are colored gold.

I previously talked about how to implement your own token on top of Algorand using layer two processing and the Algorand transaction’s note field. With the release of Algorand 2.0 and the Algorand Standard Asset, implementing your own token is now preposterously easy.

Here’s a video run-through of the code.

How easy? Well, the code I used to issue my own asset is 84 lines of golang, and much of that is comments and error handling. The pseudocode looks something like this:

That easy. Honestly. …

THE IDEA

I often get asked this question:

WELL-MEANING FRIEND OR RELATIVE: Oh, Evan, you work in the cryptocurrencies industry? Oh-ho, are you making your own coin, when is EvanCoin coming, oh-ho?
ME: Ha-ha, oh, it’s not like that [blah blah blah]

Eventually I got fed up, now I answer:

ME: (suddenly intense) It will be coming very shortly and it will be built on Algorand.

This surprises people, but it really is that easy to build your own layer two application on Algorand! (A layer two application on Algorand will typically consist of an application that manipulates data using Algorand transaction’s…

Evan Richard

key words: robotics, cryptocurrency, smart contracts, digital asset ownership, automation, blockchain; key location: Boston; key keys: house, car, private

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