Create a Cryptocurrency Token on the Solana Blockchain

By akohad Jan16,2024

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In this article, you’re going to learn how to create your own token on the Solana blockchain using the command line on a Linux machine.

For those who don’t know, Solana is the fastest blockchain in the world and the fastest-growing ecosystem in crypto with thousands of projects. Its ecosystem offers a robust set of tools and resources for token creators.

Furthermore, low transaction fees and a growing community of developers contribute to Solana’s network, making it the fastest and most efficient blockchain network available today.

So, this guide will be centered on creating your token using the Solana network. Let’s jump in!

Install the Solana Program Library

I’m going to cover the CLI method here. To install the SPL CLI tool, you’ll need Cargo and the Rust programming language. For that, use these commands in your Linux terminal:

curl https://sh.rustup.rs -sSf | sh
sh -c "$(curl -sSfL https://release.solana.com/v1.17.16/install)"

Once done with that, you will need to close and re-open your terminal and type the following command:

cargo install spl-token-cli

Solana Environment

Solana operates in two environments, the main environment and the development environment. The main network is the real Solana network where users use real money to buy cryptocurrencies.

For development and testing purposes, the development environment is what is used. For this tutorial, I will be using the mainnet environment.

To switch to the devnet, run:

solana config set — url https://api.devnet.solana.com

To switch to the mainnet, run:

solana config set — url https://api.mainnet-beta.solana.com

To check your Solana environment, run:

solana config get

If the “RPC URL” shows “mainnet”, you’re on the mainnet. If it shows “devnet”, you’re on the devnet.

Create The Wallet

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By akohad

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