The simple ledger protocol is a token system that runs directly on top of the Bitcoin cash network system, enabling fast peer to peer services and transactions, which are transparent,cheap and smooth that as soon as you click send the tokens are in your simple ledger wallet before you even switch tabs to the wallet window. Yes the transactions can be so fast.

It is unlike the ethereum and other token networks where you're charged hugely for transfers and also takes time to go to the receiving wallet. Bitcoin cash have made these transactions so fast and cheap and good thing is it has no native token that you need to own in a wallet before you can make transactions and good thing is that they can be traded peer to peer to like other tokens and coins but we'll get to that.

These tokens can be created easily on the Bitcoin network system with very little cost but you have to create a goal and motive for the token you're creating and it must be a reasonable goal.

Some examples of simple ledger tokens

We have quite a lot but I'll just mention a few and then we'll move forward. Some of these are:

The renewable cash (RNEW)

Zapit (ZAPT)

Sour token (SOUR)

Refund (RFND)

Ham (HAM)

And many others and all of these tokens can be stored in non-custodial wallets having "simpleledger" as the start word.

Properties of Simple ledger protocol

These tokens have everything you need to hold,spend, issue and easily share your tokens and some of these vital properties can be seen below

1. The simple ledger protocol is the first and only Bitcoin cash system to support light wallets.

2. All transactions are transparent and can be seen on the Bitcoin cash blockchain for full auditability by any party.

3. Simple ledger protocol is very simple and easy to understand to users and gives users confidence.

4. Simple ledger protocol is an open source to everyone,they have several open wallets like electron cash, badger wallet and the latest zapit wallet.

5. It is extensible and can be expanded to cover a wide range of tokens as long as the issuers have whitelisted them on the Bitcoin cash network with regulated securities.

6. It is permissionless as it can be traded peer to peer without any permission just like other cryptocurrencies

7. It has no native token so you don't have to own a particular coin or token in your wallet before you can make transactions. They run directly on top of the Bitcoin cash network.

8. They have flexible issuance i.e you can issue a fixed supply, a time supply of tokens,or multiple supply of tokens with a wide range of options.

9. It is robust and safe. They're are limited set of rules that makes the system reliable and there's just one unique wallet format that protects the tokens against lost. (The "simpleledger" format I mentioned earlier)

10. It is scriptable i.e you can use multi signature addresses and other Bitcoin script features with your simple ledger protocol tokens.

11. It is flexible and it's tokens can be easily burnt back to BCH, that's how sweet and nice Simple ledger tokens can be.

More are still being done to develop the token system and make it even better,the uses of these tokens will even shock the creators in years to come.

Now we come to the last part of this post which is "Where can you get simple ledger tokens?"

You can get simple ledger protocol tokens from memo.cash an it's really simple and fast all you have to do is deposit Bitcoin cash and look for the token you want to buy and click on the best offer you can afford.

I'll make a detailed post on how to use memo.cash on my next post with clearly outline the steps of how to get your simple ledger protocol tokens without stress.

Simple ledger protocol tokens and Bitcoin cash is the future. One of the many benefits of simple ledger protocol tokens is that you can stake your simple ledger token just by holding them in non custodial wallets and you'll receive airdrops from time to time, sometimes same tokens while sometimes others.

Note: Non custodial wallets can be zapit,badger wallet, Bitcoin.com wallet etc