Is there an identical course of for making bitcoin tokens
- Coloured Cash: A lot of the tokens use OP_RETURN however it’s not required
Instance: BSQ utilized in Bisq DAO and DEX
- Omni layer: This venture used pretend bitcoin addresses, multisig and OP_RETURN to unravel the issue. It was utilized by USDT token for very long time till charges on Bitcoin grew to become a problem.
https://github.com/OmniLayer/spec/blob/grasp/OmniSpecification-v0.6.adoc#smart-property
- Counterparty: This venture additionally used OP_RETURN and issuing property was doable with it.
https://counterparty.io/docs/create_token/
There could be few different tasks that allowed tokens to be created by which on-chain Bitcoin transactions have been required. This doesn’t scale and there was by no means an ordinary like ERC20 on Bitcoin. Customers and builders realized it is higher if we do that stuff utilizing layer 2 or off-chain.
There are 3 tasks which are largely used for layer 2 in Bitcoin: Lightning Community, Liquid Sidechain and Rootstock sidechain.
There are not any requirements or BOLT to create tokens on LN proper now. I had mentioned this on LN dev mailing checklist few days again: https://lists.linuxfoundation.org/pipermail/lightning-dev/2021-October/003305.html
Nevertheless, a number of tasks are working to make this doable together with Omni BOLT, RGB and Synonym. Submarine swaps are already doable so issuing property would make issues higher.
Issuing property on Liquid is feasible utilizing issueasset RPC. It is very simple and all the pieces works much like Bitcoin Core in Parts Core. You possibly can learn extra about it right here: https://assist.blockstream.com/hc/en-us/articles/900005127583-How-do-I-issue-an-asset-on-Liquid-
Creating tokens on Rootstock sidechain is much like Ethereum. You possibly can even port ERC20 to Rootstock:
Operating ERC20 contract on RSK
and shifting these round with a pockets like metamask?
Metamask is principally used as a result of it has a browser extension/add-on. There are completely different open supply wallets for Bitcoin, LN and Bitcoin sidechains. I do not contemplate browser extensions to be safe means of doing transactions nonetheless you need to use the beneath wallets in browser:
