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Author Topic: Can I create a private Bitcoin blockchain?  (Read 1952 times)
Abiky (OP)
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July 01, 2016, 03:10:24 PM
 #1

Is it possible to make your own private blockchain within Bitcoin itself? (separate chain) I know that I can do this with Ethereum, but for Bitcoin it has taken me quite some time to figure it out. The private chain would be more like a separate chain to make BTC transactions out of its main chain and test certain capabilities of it. If this can be accomplished with Bitcoin, then it would be great.  Smiley

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July 01, 2016, 03:13:19 PM
 #2

i think you can but you will be on your own  Roll Eyes Shocked
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July 01, 2016, 04:15:51 PM
 #3

You can thats the whole point, it is open source.  some of the early blockchains just took the code from bitcoin and changed a few things and away they went.  you will prob not convince anyone else to mine it of run nodes now unless you have a really unique product and you also need to beware, just changing numbers and stuff wont work as the crypto,  42 showed, theres now more than 42 .... Cheesy Cheesy Cheesy Cheesy Cheesy
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July 01, 2016, 05:13:01 PM
 #4

You can but it will be not like in side chain or main chain of bitcoin but in your own mainchain. You have to fork the current bitcoin source code and run few nodes on your several computer or any number of computers. And after that you can test whatever you want.

 
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July 01, 2016, 05:32:42 PM
 #5

You can but it will be not like in side chain or main chain of bitcoin but in your own mainchain. You have to fork the current bitcoin source code and run few nodes on your several computer or any number of computers. And after that you can test whatever you want.
i also wondering about private key,do you kow how to create own private key?did it create on blockchain or with another application?
i think would be great if we have unique private key Grin

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July 01, 2016, 06:54:21 PM
 #6

Is it possible to make your own private blockchain within Bitcoin itself?

No, not possible.

The private chain would be more like a separate chain to make BTC transactions out of its main chain and test certain capabilities of it. If this can be accomplished with Bitcoin, then it would be great.  Smiley

You can make tests on the testnet.

If you want a separate, private blockchain, you can create an altcoin.
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July 01, 2016, 07:10:57 PM
 #7

If you want to create your own private blockchain then a better option is simply creation of an altcoin. You can't add your own chain to the bitcoin network.
I mean to can try, but NODES ALWAYS CONSIDER THE LONGEST CHAIN TO BE THE CORRECT ONE, so your chain will be ignored instantly.


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July 01, 2016, 10:06:48 PM
 #8

Is it possible to make your own private blockchain within Bitcoin itself? (separate chain) I know that I can do this with Ethereum, but for Bitcoin it has taken me quite some time to figure it out. The private chain would be more like a separate chain to make BTC transactions out of its main chain and test certain capabilities of it. If this can be accomplished with Bitcoin, then it would be great.  Smiley

Check out "side chains". That might be what you are looking for. Here is an explanation: https://www.cryptocoinsnews.com/simple-explanation-awesomeness-bitcoin-sidechains/

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July 07, 2016, 07:42:55 PM
 #9

Is it possible to make your own private blockchain within Bitcoin itself? (separate chain) I know that I can do this with Ethereum, but for Bitcoin it has taken me quite some time to figure it out. The private chain would be more like a separate chain to make BTC transactions out of its main chain and test certain capabilities of it. If this can be accomplished with Bitcoin, then it would be great.  Smiley

Check out "side chains". That might be what you are looking for. Here is an explanation: https://www.cryptocoinsnews.com/simple-explanation-awesomeness-bitcoin-sidechains/


If you want to create your own private blockchain then a better option is simply creation of an altcoin. You can't add your own chain to the bitcoin network.
I mean to can try, but NODES ALWAYS CONSIDER THE LONGEST CHAIN TO BE THE CORRECT ONE, so your chain will be ignored instantly.

Thanks for the your advice guys. Although I would be able to test this out with testnet, I just had the idea of creating my own separate chain for Bitcoin. However, I would prefer to make my own altcoin forked from Bitcoin to test out certain capabilities like making the genesis block, etc. Sidechains look pretty convenient, so I might give it a try as well.

Now I wonder if I would be able to use any Bitcoin miner to mine the forked alt coin from BTC?  Smiley

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July 26, 2016, 03:58:12 AM
 #10


Now I wonder if I would be able to use any Bitcoin miner to mine the forked alt coin from BTC?  Smiley

You're designing your own alt - it is entirely up to you whether you want to make it compatible with double-SHA256 and Bitcoin miners.
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July 30, 2016, 09:48:58 PM
 #11


Now I wonder if I would be able to use any Bitcoin miner to mine the forked alt coin from BTC?  Smiley

You're designing your own alt - it is entirely up to you whether you want to make it compatible with double-SHA256 and Bitcoin miners.

I thought that it might work this way since I would be using the same hashing algorithm as Bitcoin but in my very own alt coin. If I decide to make an alt coin, I would choose to fork it from BTC and make another altcoin forked from ETH but this last one will be a private blockchain in which, it will operate more as a secret alt coin. Then, the only way to buy that coin would be via a decentralized marketplace with the use of anon coins. Just my thoughts.  Roll Eyes

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July 30, 2016, 10:01:32 PM
 #12

for testing purposes of bitcoin....
just grab the source code, compile it and only select connections from IP addresses in your private group.  this will start off a new chain from block 0 if the other nodes in your private network do not have the 7 years of blockdata.
if you want to start with the 7 years of bitcoins blockchain data be aware. you are automatically hit by the difficulty that comes with it. so trying to create new blocks ontop of the 7 years data privately will take alot of hashing power/time.

if you however start to change the code and mess with things, or create new blocks its no longer "bitcoin code" and would be rejected if you tried to open your private network to the public. in actual fact your new blocks would get rejected and your nodes would simply grab the real bitcoin blocks.. well if your concensus rules have not changed too much to invalidate real bitcoin data.

for testing purposes of new features
just grab the source code tweak it to add new features, compile it and only select connections from IP addresses in your private group. this will start off a new chain from block 0 with 0 difficulty.

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July 30, 2016, 10:31:48 PM
 #13

I do not think that this is possible, maybe it's possible if you have some tens of millions of dolars, because nobody will use your wallet, you will need a lot of employees with high skills in cryto coins. I can continue but I think you got what I mean.
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July 31, 2016, 12:27:13 AM
 #14

for testing purposes of bitcoin....
just grab the source code, compile it and only select connections from IP addresses in your private group.  this will start off a new chain from block 0 if the other nodes in your private network do not have the 7 years of blockdata.
if you want to start with the 7 years of bitcoins blockchain data be aware. you are automatically hit by the difficulty that comes with it. so trying to create new blocks ontop of the 7 years data privately will take alot of hashing power/time.

if you however start to change the code and mess with things, or create new blocks its no longer "bitcoin code" and would be rejected if you tried to open your private network to the public. in actual fact your new blocks would get rejected and your nodes would simply grab the real bitcoin blocks.. well if your concensus rules have not changed too much to invalidate real bitcoin data.

for testing purposes of new features
just grab the source code tweak it to add new features, compile it and only select connections from IP addresses in your private group. this will start off a new chain from block 0 with 0 difficulty.

Thanks for your advice. I would prefer to just grab the source code of Bitcoin, compile it and select only the IP addresses from my private group. So it will start from block 0, basically from scratch. This way it would be better for me and my group to test certain capabilities and develop our way towards an almost perfect cryptocurrency. It will be a new altcoin but will be left in the dark for quite some time, because it will run in a private blockchain until it is decided to make it go public.

It will be pretty interesting to see how our little project would go on for the next months.  Roll Eyes

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franky1
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July 31, 2016, 01:43:11 AM
 #15

Thanks for your advice. I would prefer to just grab the source code of Bitcoin, compile it and select only the IP addresses from my private group. So it will start from block 0, basically from scratch. This way it would be better for me and my group to test certain capabilities and develop our way towards an almost perfect cryptocurrency. It will be a new altcoin but will be left in the dark for quite some time, because it will run in a private blockchain until it is decided to make it go public.

It will be pretty interesting to see how our little project would go on for the next months.  Roll Eyes

your gonna fail instantly..
if you are proposing the end result is to mine "in the dark" for a while before going public.. you are talking about a term called 'pre-mining" and no matter what features your new coin may have, it will instantly be categorized as a shit coin due to you not publicly releasing code allowing the public to start at block 0 at the same time as yourselves.

so if your gonna have a go, have a go. just dont be a simple bitcoin replicant. try something totally different.
and after you have had a play privately.. kill that blockchain data. and release the code publicly so everyone gets a chance to start at block 0. using hopefully some great new features.

here is an idea.. there is big business not so much in the coin creation (code based) but in the physical equipment needed for the block creation (asic machines)

if you want to get ahead of the future. first code a coin that uses 512bit or 1024bit hashing.. and then develop ASICS to do it more efficiently. eventually other coins will use 512/1028 so by you being one step ahead in the physical ASICs race, you can be as good as bitmain..

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
serjent05
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July 31, 2016, 06:18:32 PM
 #16

Is it possible to make your own private blockchain within Bitcoin itself? (separate chain) I know that I can do this with Ethereum, but for Bitcoin it has taken me quite some time to figure it out. The private chain would be more like a separate chain to make BTC transactions out of its main chain and test certain capabilities of it. If this can be accomplished with Bitcoin, then it would be great.  Smiley

It is possible.  if you look in this forum, they are everywhere. But some point in time you will encounter some problem with it unless you really polish the code.  And I think there are even procedure on how to clone or create your own blockchain thread here.
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July 31, 2016, 09:20:15 PM
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yes you can do that there is no doubt about this but the problem is that how will you manage and support financially, i think the developing a para-vat private blockchain is not a problem after developing and then giving a full support to it is problem, it is too difficult to manage it for this you will need a lot of staff member you will need some expert who will give you advise how to manage it in better way and the most important is that it need a lot of spared money for supporting it.
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July 31, 2016, 11:57:33 PM
 #18

Thanks for your advice. I would prefer to just grab the source code of Bitcoin, compile it and select only the IP addresses from my private group. So it will start from block 0, basically from scratch. This way it would be better for me and my group to test certain capabilities and develop our way towards an almost perfect cryptocurrency. It will be a new altcoin but will be left in the dark for quite some time, because it will run in a private blockchain until it is decided to make it go public.

It will be pretty interesting to see how our little project would go on for the next months.  Roll Eyes

your gonna fail instantly..
if you are proposing the end result is to mine "in the dark" for a while before going public.. you are talking about a term called 'pre-mining" and no matter what features your new coin may have, it will instantly be categorized as a shit coin due to you not publicly releasing code allowing the public to start at block 0 at the same time as yourselves.

so if your gonna have a go, have a go. just dont be a simple bitcoin replicant. try something totally different.
and after you have had a play privately.. kill that blockchain data. and release the code publicly so everyone gets a chance to start at block 0. using hopefully some great new features.

here is an idea.. there is big business not so much in the coin creation (code based) but in the physical equipment needed for the block creation (asic machines)

if you want to get ahead of the future. first code a coin that uses 512bit or 1024bit hashing.. and then develop ASICS to do it more efficiently. eventually other coins will use 512/1028 so by you being one step ahead in the physical ASICs race, you can be as good as bitmain..

Thanks for the advice. Of course I won't be releasing the coin that has already been used and tested on the private chain. I know that premined coins usually turn into scamcoins so I will try to make it a fairly distributed cryptocurrency. In the way I see it, it will have a very limited supply, will start from block 0, and it will be a hybrid PoW + PoS coin. So basically, my team will be testing (or playing with) the forked coin in order to make a new one out of it starting from block 0 for everyone to start mining it. This will become a reality after quite some time.

About coding a coin with 512bit or 1024bit hashing seems like a wonderful idea. If my coin could achieve this, it will probably become a success. I'll see what can I achieve with my small team of crypto enthusiasts.

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August 01, 2016, 08:20:12 PM
 #19

Is it possible to make your own private blockchain within Bitcoin itself? (separate chain) I know that I can do this with Ethereum, but for Bitcoin it has taken me quite some time to figure it out. The private chain would be more like a separate chain to make BTC transactions out of its main chain and test certain capabilities of it. If this can be accomplished with Bitcoin, then it would be great.  Smiley
I believe already there are lot of developments and projects like colored coins on bitcoin's blockchain. But your requirement sounds somewhat different.
You'd probably best off having an altcoin because the result may be similar to be making an altcoin.

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August 01, 2016, 10:37:22 PM
 #20


I believe already there are lot of developments and projects like colored coins on bitcoin's blockchain. But your requirement sounds somewhat different.
You'd probably best off having an altcoin because the result may be similar to be making an altcoin.

Yeah. At first, I was thinking about making a forked coin out of Bitcoin or Ethereum, but then I've just decided to choose another alt coin which has brought my attention. A hybrid coin would be pretty interesting to test out for my new coin. As for block size, I'm thinking of setting it up to 2MB for scalability.  Cheesy

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