I have a cryptocurrency idea, where do I get started?

[ismail123]

Hi,

I have a cryptocurrency idea that I think would be an amazing summer project.

However I have no knowledge in developing a cryptocurrency.

I have developed software (websites,games,apps) before but never did i do anything blockchain related.


Question 1
how do I get started? Any links,tips other things would be helpfull.

Question 2
I want to develop a concept/prototype for this summer.
After that how would I get funding to develop the currency with a team of devs?

[BlockXchain]

I'm fairly new to Crypto-development too, so take my answer with a grain of salt.

Question 1
It depends what type of cryptocurrency you're imagining. Many people are now creating tokens on top of Ethereum, which they have a guide for that here: https://www.ethereum.org/token
If you want to model it after a certain coin, like Bitcoin, I would suggest visiting their Github Code, and potentially forking off of that. https://github.com/bitcoin/bitcoin
There's also a great, free course on Coursera by Princeton University.

Question 2
If your cryptocurrency is good enough by the end of summer, and you can market it by yourself, you can have an ICO. This will raise capital for your coin to be further developed.

[andytoshi]

What is your idea? There is a good chance you can just build it on top of Bitcoin or some other existing project.

Creating an entirely separate currency to implement some technical improvement is a lot of work, entails significant legal risk and moral hazard, and will hamper users' ability to use your system trustlessly.

[ismail123]

I'm fairly new to Crypto-development too, so take my answer with a grain of salt.

Question 1
It depends what type of cryptocurrency you're imagining. Many people are now creating tokens on top of Ethereum, which they have a guide for that here: https://www.ethereum.org/token
If you want to model it after a certain coin, like Bitcoin, I would suggest visiting their Github Code, and potentially forking off of that. https://github.com/bitcoin/bitcoin
There's also a great, free course on Coursera by Princeton University.

Question 2
If your cryptocurrency is good enough by the end of summer, and you can market it by yourself, you can have an ICO. This will raise capital for your coin to be further developed.

Using ethereum's solidity will limit the cryptocurrencies coin it's capabilities right?

Thanks for the coursera tutorial tip!

What is your idea? There is a good chance you can just build it on top of Bitcoin or some other existing project.

Creating an entirely separate currency to implement some technical improvement is a lot of work, entails significant legal risk and moral hazard, and will hamper users' ability to use your system trustlessly.

My idea is not a new fancy algorithm or better privacy or performance or anything like that.
I will clone on of the popular coins that I could use to increase development progress.



Thanks for answering my questions guys, got some more.

Question 3

Is there a site that compares cryptocurrencies like in a table or so and which features it provides? So i could make a better decision on which coin I will base my cryptocurrency on.

Question 4

Is there any requirements for an ico and is there a pre-ICO thing where you could get funding to start up some marketing for the ICO itself?

Question 5

Where and how could I find other developers that are interested in making a cryptocurrency?