What is the Sandbox Blockchain? How to use it? To know more about these, keep on reading the article until the end.
What Is The Sandbox Blockchain?
The Sandbox Blockchain is a platform that supports all decentralized applications. So, if you have a business idea and you want to make that idea a reality, then this platform is the place for you.
The Sandbox Blockchain is made up of various tools, which are very easy to use. You can use the platform with just a simple click of your mouse. The tools on the Sandbox Blockchain are integrated in such a way that they can be used by anyone without any problem.
The platform makes it possible for you to create a new coin or token in just a few seconds. So, if you have an idea, then you can easily create your cryptocurrency in just no time at all.
There are many useful tools on this platform, and all of them have been created to make everything very simple for the users.
Benefits Of The Sandbox Blockchain
There are many benefits of this platform. Some of the most significant benefits are as follows:
- You can create your cryptocurrency in just a few seconds.
- The platform is very easy to use.
- The tools are fully integrated. So, making use of these tools is very simple.
- You can support many different currencies on a single blockchain. So, if you want to support multiple currencies, then that is also possible on this platform.
How To Use The Sandbox Blockchain?
Using the Sandbox Blockchain is very simple. Here are several steps that you need to follow to use it properly:
Step 1
The first thing that you need to do is create a Sandbox. This is very easy, and you can create one in just no time at all. All you have to do is click on the Create A Blockchain button, and you will be taken to the Create New Sandbox page.
Step 2
Next, you need to give your blockchain a name. You can give it any name that you want. So, enter a name for your blockchain, and then click on the Next button.
Step 3
Now, you will be asked to select the type of blockchain that you want to create. You can choose between the Permissioned and Permissionless options. If you want to create a new cryptocurrency, then you should select the Permissionless option.
Step 4
The next thing that you need to do is select the consensus mechanism.You can choose between the Proof-of-Work and Proof-of-Stake options. If you don’t know which one to choose, then it is best to go with the Proof-of-Work option, because this one is better in most cases.
Step 5
Now, you need to select the coin supply. There are two options here, and these are Fixed Supply and Dynamic Supply. If you want to create a cryptocurrency with a fixed supply, then you should go with the fixed supply option. But if you want to create a cryptocurrency with a dynamic supply, then you should opt for the dynamic supply option.
Step 6
Now, you need to select how long you want your blockchain to last. You can give your blockchain a duration of either 24 hours or 1 month. It is your choice as to which one of these two options you choose.
Step 7
Finally, after all this information is filled up by you, click on the Next button at the bottom of the page and your blockchain will be created in just no time at all.