Aryacoin V3 : Full Codebase upgrade, OmniLayer, RAHA Stablecoin, Tokens,NFTs and more…

The Aryacoin Team is glad to announce the release of the new version of Aryacoin which would be the most major release of Aryacoin since its inception.

This update includes a whole code base upgrade to bring up Aryacoin to the level of advancements and features other coins like Bitcoin, Litecoin etc offer. The codebase upgrade enables Segwit and other popular softforks and lays down the base for the developers to develop more complex applications on the Aryacoin blockchain like OmniLayer , Lighting Network and more.

Currently the Aryacoin Team have integrated and activated the OmniLayer successfully on the Aryacoin Blockchain on block 770700 with the activation of Komodo Season5 which keeps the chain secure from multiple attacks.

OmniLayer implementation on Aryacoin is a big step for the blockchain as it enables creation of tokens , NFTs by anyone on the network and and the Aryacoin Team has also created a stable coin called RAHA on the Omnilayer which will be pegged to Toman , and thus provide users a stable currency to trade and use. Raha will soon be implemented on Aryana and Toman will be replaced with Raha on Aryana going forwards. As 1 Toman = 1 Raha , the users will get the same amount of Toman they hold.

RAHA (Property ID 4) stable coin will be backed by Toman along with different cryptocurrencies to keep the price stable. Current supply at the time of writting on this article is 0 RAHA. RAHA will be issued or burned depending upon the value the team holds as keeping the ratio as 1 TOMAN =1 RAHA is the goal for the team, so the team will always assure that the amount of fiat currency holds is always equal to or more than the RAHA in circulation. First RAHA issuance will be done when whole amount of Toman is converted to Raha in Aryana , which is currently valued over $100k. Users can view token at the official Omniexplorer for Aryacoin: https://omniexplorer.aryacoin.io/asset/4 .

Along with RAHA , users can create their own tokens and mint NFTs as they like on the blockchain by following the API : https://github.com/OmniLayer/spec/blob/master/OmniSpecification.adoc and using the OmniLayer Compatible nodes/wallets : https://github.com/Aryacoin/OmniAYA.

We believe users should play the biggest role in the ecosystem thus we always want to empower our users , with OmniLayer users can issue their own Tokens with multiple different types of issuable tokens available for the users to choose from. Along with tokens users will be able to mint NFTs as we believe NFTs are a huge part of the new blockchain ecosystem and empowers the users even more. Users can then share , transfer their tokens and NFTs with each other and thus growing the ecosystem even more.

To make the interaction with the chain as easy as possible we are currently working on a Non-Custodial Aryacoin Wallet which would support all the features of OmniLayer along with the standard Aryacoin features. This wallet will directly allow users to create , trade , transfer their tokens and NFTs with anyone on the blockchain. We are working on finishing up the Aryacoin Wallet as soon as possible and alos keep it safe and secure for the users to experience the full power of AYA.

As we believe the API would not be an ideal approach for the normal users to interact with , and along with this , interaction with Omni requires using the https://github.com/Aryacoin/OmniAYA node , due to the fact that OmniLayer requires more resources to work than the standard Aryacoin Client thus we are currently working on getting RAHA integrated in multiple wallets and exchanges for ease of use for users. Along with this the Aryacoin Team is working on a Non-Custodial Wallet which would allow users to interact with the OmniLayer without running the full node and with easy to use user interface.

OmniLayer opens up alot new use cases for users and developers and enables them to develop on the network with ease and faster than ever before and with the upcoming softforks we believe the network will be able to support even more applications and to grow the Aryacoin Ecosystem at even more greater pace than ever before.