Skills to create a new coin

[marco.v88]

What does it take to create a new coin? How many skills are involved?

I know wallets are usually written in C++, so I'm studying this language like crazy. Moreover I obviously study the block chain technology.
What else I need to be able to create a new coin? Which other skills?

[1714031851]

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[hexafraction]

You need to know how cryptography works and how to make your code, as well as being able to write network-oriented code.

Or, you can just use one of those altcoin generators and type in the parameters you may want.

[jonnybravo0311]

What does it take to create a new coin? How many skills are involved?

I know wallets are usually written in C++, so I'm studying this language like crazy. Moreover I obviously study the block chain technology.
What else I need to be able to create a new coin? Which other skills?

Are you intending to create an entirely new algorithm or just use one of the existing ones like SHA-256, Scrypt, X11, etc?  If you want to create a new algorithm, then understanding cryptography in detail is an absolute must.  Honestly, while learning C++ will certainly help you to understand code that's already written, it won't help you to know how to create your own coin.  You need to understand peer to peer concepts, networking, threading, hashing, GUI, memory management, pointers, ... the list goes on.

If your intention is to simply mimic an existing coin by changing a few things here and there like block generation time, reward, etc, then that's a far easier task.  As was mentioned, there are already coin generators out there that do all the work for you.

By the way, there are wallets that aren't written in C++.  While the core software of the coin typically is, and the default wallet UIs of the coins are, there are other lightweight wallets written in other languages.  For example MultiBit is written in Java.

[Coinshot]

You need to know how to compile to make a windows wallet or at least be prepared to hire someone who can do so. If you do not provide that, your coin will be hated by a majority and the project wil fail.

[JarvisTechnology]

You can hire people in the services sub forum if you really want your own coin...or clone of another coin. If you think you can create a coin which is going to be revolutionary and compare to Bitcoin without knowiiing any programming skills at all you are sadly mistaken.

[numismatist]

What does it take to create a new coin? How many skills are involved?

I know wallets are usually written in C++, so I'm studying this language like crazy. Moreover I obviously study the block chain technology.
What else I need to be able to create a new coin? Which other skills?

Communication skills to arrange a team. As mentioned above, coin cloning is offered as a service. It's no more really worth the effort to do. There are allready to many coins that never took of existing.

[Hazir]

Creating an altcoin is not a problem. Problem is to keep that coin alive and change code to bring to the table something unique or better.
You can create coin for less that $50 even if you can't code anything yourself. Question is, do we really need another altcoin?
Because it would be better if everyone instead on creating another alt just focus on bitcoin and how to make it better.

[ticoti]

You also have to know how to use and compile with the Qt program

[mayflor2]

What does it take to create a new coin? How many skills are involved?

I know wallets are usually written in C++, so I'm studying this language like crazy. Moreover I obviously study the block chain technology.
What else I need to be able to create a new coin? Which other skills?

C++ programming, and a lot of free time.   If you just want a sha256 or SCRYPT coin you can just slightly modify the existing sources as needed.   However, that is getting old at this point.  Something innovative would need to be done.

[Casey89]

New coins too much. What to do with them all?

[odolvlobo]

Skill? You don't need skill. You just go to http://build-a-co.in/, download the generated code, compile it and run it.

[virtualx]

What does it take to create a new coin? How many skills are involved?

I know wallets are usually written in C++, so I'm studying this language like crazy. Moreover I obviously study the block chain technology.
What else I need to be able to create a new coin? Which other skills?

If you want only a coin you need to press a few buttons. There are some services these days that do that.

If you want a serious competitor of bitcoin you need coding skills like C/C++, to study the protocol (transactions, parsing), to market your coin, some time to do all of it and do better than the 99% of the coins. 

[Troonetpt]

Why do you try to creat a new coin? it just a copy of bitcoin, and no one buy it.
It's just wasting your time, and save it.

[Astargath]

Skill? You don't need skill. You just go to http://build-a-co.in/, download the generated code, compile it and run it.

Really?? That simple? And will that work like any other altcoin or how does that work? Is it vulnerable to something ?

[Amph]

Skill? You don't need skill. You just go to http://build-a-co.in/, download the generated code, compile it and run it.

that's cool, i was still in the era where you need to pay someone or deposit something to make one, but i can't spot the algo between all those parameters..

is that for sha256 only?

[jonnybravo0311]

Skill? You don't need skill. You just go to http://build-a-co.in/, download the generated code, compile it and run it.

that's cool, i was still in th era where you need to pay someone or deposit something to make one, but i can't spot the algo between all those parameters..

is that for sha256 only?

It's scrypt.  The project is based on LiteCoin... so you're just creating another scrypt clone.

[Rmcdermott927]

Skill? You don't need skill. You just go to http://build-a-co.in/, download the generated code, compile it and run it.

Thats very cool.    What is the best/easiest way to compile that so the QT can run as a windows executable?I'm sure not everyone will want the Linux version.   Is there a streamlined method to do this?

[DeboraMeeks]

Contribute to Bitcoin's code for a bit and then you can start your own coin :-)

Here is a link to the open Bitcoin issues on GitHub if you want a place to start helping out and learning the code, there are 361 open issues right now!

https://github.com/bitcoin/bitcoin/issues/

[cparsley]

I'm starting to wonder if we're going to kill ourselves by alt-coining the market to death, in the end leaving absolutely nothing?

But, on the other hand, creating a few alt-coins could be fun.

[tyz]

A special skill is not needed. It's important today that you have good marketing tools. The tech is not a big deal anymore. You can just create a copy coin with coingen or hire someone who is forking source code and setting up the first nodes.