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Title: How to create a new coin ? Post by: Shahrukh on January 25, 2014, 09:56:28 PM Just for experimental purpose I am checking out how to create a new crypto coin but I am not landing up on a reasonable article. When I search on google "source code of bitcoin" I land up to github over here https://github.com/bitcoin/bitcoin to be exact do I need to change source of these files to create a new coin ? If yes then what files requires changes ? It will be grate if someone can throw some light on this.
Title: Re: How to create a new coin ? Post by: JohnnyPierce on January 25, 2014, 11:46:06 PM Just for experimental purpose I am checking out how to create a new crypto coin but I am not landing up on a reasonable article. When I search on google "source code of bitcoin" I land up to github over here https://github.com/bitcoin/bitcoin to be exact do I need to change source of these files to create a new coin ? If yes then what files requires changes ? It will be grate if someone can throw some light on this. I would also like a more straightforward answer to this question. Although, as far as I understand, most new coins aren't based on the Bitcoin algorithm (SHA-256) but rather they are based on Scrypt. The reason for so many new coins is mainly for its creators to make some money out of the cryptocurrency bubble, and considering the difficulty to mine and compete with the SHA algorithm that can easily be underwelmed by the ASIC miners, most coin creators use the Scrypt algorithm. Title: Re: How to create a new coin ? Post by: Zeal0t on January 26, 2014, 12:07:45 AM Just for experimental purpose I am checking out how to create a new crypto coin but I am not landing up on a reasonable article. When I search on google "source code of bitcoin" I land up to github over here https://github.com/bitcoin/bitcoin to be exact do I need to change source of these files to create a new coin ? If yes then what files requires changes ? It will be grate if someone can throw some light on this. In lamens terms: Get source, swap out any instance of the word "Bitcoin" with your desired coin name, swap out encryption algorithm, make other changes (block rewards, total coins, etc.), and that's by definition a "new coin". Not really original though. Title: Re: How to create a new coin ? Post by: JohnnyPierce on January 26, 2014, 12:26:56 AM Just for experimental purpose I am checking out how to create a new crypto coin but I am not landing up on a reasonable article. When I search on google "source code of bitcoin" I land up to github over here https://github.com/bitcoin/bitcoin to be exact do I need to change source of these files to create a new coin ? If yes then what files requires changes ? It will be grate if someone can throw some light on this. In lamens terms: Get source, swap out any instance of the word "Bitcoin" with your desired coin name, swap out encryption algorithm, make other changes (block rewards, total coins, etc.), and that's by definition a "new coin". Not really original though. And how do you 'pulish' it onto the web? |