Bitcoin Forum

Hi all,

I worked on some cryptocoin projects and finally I'm thinking about start an altcoin from scratch.

The 2 basic ideas are:

- Create acoin from scratch using newest languages (for example, Python) and store the blockchain into a sqlite database. Major part of coins are developed in C/C++ and code is too hard to understand for newbies (and no newbies!). I would open a blog and I would explain all parts of the coin (server, client, wallet, mining algo). I think lot of people here really don't understand how it works a crypto or what really he doing when mining...

- Make it quantum resistant. Whit quantic cpus the security of all coins will be broken easily. I want to explore the possibilities for the postquantum era. I know some coins are working on this area, but unfortunately tjis is not common...

What do you think about that? Of course, I'm accepting new ideas, or if general opinion is that I wasting my time, I will forget the idea lol

Thanks for your time!

Interesting.... a Python altcoin would be odd. There are some things I think would be hard to convert from C++ to Python though.

Interesting to create new coin because we can earn much profit later when coin have listed on bigger exchange market, better create new coin and giving free with airdrop project and then listed with bigger exchange market like binance or huobi, we can earn much profit later after coin get higher price.

The quantum resistance idea is not bad at all but this shouldn't only be the reason why a coin is created, better use case is what makes a coin very demanding

Hi! Thanks for your answer :)

Yes, of course it will be a hardwork, but as I said, well documented can be a good tool for learning!

Also, the idea is inplement the core funcrions first. I don't want to create another monster code.

Can be something similar to Arionum coin (www.arionum.con) but in Python instead PHP...

Hi, thnks for the support!

I planned a little premining for airdrops and bug bountys. 0.5 or 1% premine shounds good. Of course, I'm not interrsted on make money with the project, but yes, I have plans for listing it, I have some contacts in exchanges (not in binance T_T) and it should be easy!

Hi! Thanks for you answer :)

Of course, is not the only idea. I have plans of implement mixed PoW/PoS mining, integrated payment gateway, and some good stuff.

The idea is to create a coin, but also a preoject similar to cryptonote (www.cryptonote.org). A set of tools for someone interested can create an altcoin from the sources. I think lot of people prefer ro work with python insteas C/C++...

it seems like this is the new way to go, developing in Python just like the new project cersei did currently. As long as your project is viable and trusted. try put in your best and investors will support you. most projects have been developed under Java platform and C++. good programming languages. it seems like Dapps and platforms are better in use now.

Making coins or tokens for some people is easy to do but in my opinion the most important thing is the business plan and the product that will be produced. If only coins or tokens without usecases, I think in the end will only hurt investors

In addition to technical matters such as POS / POW, making coins must also consider business use. Investors will invest if the coins or tokens have the prospect of producing products and also profits and I think it needs extensive business relations with various sectors

That's a good and kinda a unique idea for an altcoin. But for sure, it's not a small project, you need a lot of time and also help from other people.
Developing it alone is kinda a pain in the ass for sure.
And I think it could be more serious or important if you find some other people who can help you, like those people who are already experienced in that kind of field, technical and non-technical side; they can be a huge help for your project.

Hello, it's sound like an interesting idea but what are you planning to do with the coin, what utility will it give, does it gives new solutions to commons issue?
In the first place, why would you bother to go through all the effort to make a coin ::)
I need to tell I saw serious projects( No ICO) that went through all of that and succeed in launching their mainnet, with years of self-funding and then guess what they could not deliver anything and had to quit the run because there already exists a coin called BTC that introduced the same features before all these new copy coins we're seeing today.


there already exists a classical quantum-resistant algorithm that can be implemented. But I would like to hear more from you on this point.

About the use cases. My initial idea was to develop a coin for donations for social causes. Integrate the accepted social causes into the wallet, with info about the project, links, contact and make the donations from the wallet. Also, the managers of wallets that receiving the donations, should can convert the coin to btc without any exchange, directly from the wallet. The wallet will be the "gateway" between the user and the exchange.

Is just and idea, but of course, with leaks: who decide which social cause is accepted or rejected? How to prevent it from scammers???

Thans for your help!

Is the point just about creating new coin? I think you need a team to pull through this. Also, you need a product for the coin unless you just want to create a coin and push into the market. Again, if that's the case, you still need funds to get the coin into a reputable exchange if you want profit.

Yes we have always interesting in next coin but if they have bigger exchange listing roadmap. year 2018-2019 and 2019 gone i accept many new project but their developing show with no have biggest exchange target. So first of all I need clearly their developing with popular exchange listing IEO then i can accept right now this situation.

Of course every new idea is welcome in crypto currency.

But the product itself should be unique and have some real life use case/usage. That for me is really important.

As for Python/C++, no complains here, I used to be a developer back then using C/C++, love the programming specially C. It will pose a challenge but I think you can get the code going, best of luck.

I am not entirely sure if quantum is a very dangerous thing right now, sure it will be in the future when it happens but right now it is not a threat just yet, plus when that happens even bitcoin would be in danger and that kind of means that we have absolutely no more crypto world or it would be just too screwed, so it is not an imminent danger but when it is we will probably have a lot of crypto that would be quantum resistant as well.

However, the pyhton idea is not a bad one, you can definitely make it a fool proof thing because many many people will not understand the difference, you will have to market it at the same time, so it is both needs to be an educational marketing like an infomercial but also will have to attract people. Not saying it is impossible but of course harder to market than other ones.

Whichever language you'll make your own coin. Sorry but I don't see the need of it anymore, look how many altcoins are actually there and no one wants them to multiply because it's already too much, there's a bunch of them. I guess we should focus more with the use case and the total reason why cryptocurrency is made and the origin of it is with bitcoin. We should expand the usage of it and unite altogether because this altcoin market is dividing the crypto community.

Out of the box project are hard to think of which is why right now we have projects that are just similar to each other but in different platforms.
If the coin is good enough to make investors run for it, maybe it will be added to big exchanges whch is the hardest part being a developer. Big exchanges today wouldn't really try adding without looking into how much they will get unless you pay upfront for listing.