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Author Topic: How do you create an altcoin?  (Read 21186 times)
markm
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April 15, 2013, 07:40:23 PM
 #201

Have you looked at multicoin?

It moves most of the things that are different between different coins all into the config file so you can use the same program to run different chains by changing the config file.

By backtracking from the config stuff you can find what things needed to be changed from one coin to another.

Also I think he had code to print into the log the data you need to plug back into the config file to make a new genesis block work.

-MarkM-

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Luke-Jr
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April 15, 2013, 08:31:47 PM
 #202

How about a tweakable coin generator? Even if there is a fee to to discourage mass spam of alt coins.

That's what I want to get out of this.

The whole reason I'm participating is because it will promote competitiveness among alt coins. It's really fun getting a better understanding of bitcoin too Smiley
To compete, you need to actually compete. Mere generators cannot compete.

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April 15, 2013, 08:59:34 PM
 #203

I expected at least one alt-coin developer to see this thread and respond, but I am feeling now that they won't do it purely so a new alt-coin does not replace theirs, even if we are newbs here.

Maybe someone would pop up helping out if you guys were eager to learn about cryptography and programming, instead of script-kidding an existing source into creating a new blockchain.

Nobody said they wanted to release a 'real' coin.
This was all an exercise to see how the process works.

There's my point..  Huh

I'm not saying you should release a real coin. I'm saying that while you might think you are learning 'how the process works' you are instead 'dialing the knobs' of an existing program. Examine the source, examine the bitcoin wiki and try to program your own client. Has more educational value.  Grin


Point taken... I thought I could lend a hand to existing people -- but in doing so realize there is so much more to understand.
Anything that is used to create itself -- captures my interest in a big way.

I will NEVER ask for any kind of funds up front in a buy/sale of anything on bitcointalk.

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Geddi
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April 15, 2013, 09:06:53 PM
 #204

I expected at least one alt-coin developer to see this thread and respond, but I am feeling now that they won't do it purely so a new alt-coin does not replace theirs, even if we are newbs here.

Maybe someone would pop up helping out if you guys were eager to learn about cryptography and programming, instead of script-kidding an existing source into creating a new blockchain.

Nobody said they wanted to release a 'real' coin.
This was all an exercise to see how the process works.

There's my point..  Huh

I'm not saying you should release a real coin. I'm saying that while you might think you are learning 'how the process works' you are instead 'dialing the knobs' of an existing program. Examine the source, examine the bitcoin wiki and try to program your own client. Has more educational value.  Grin


Point taken... I thought I could lend a hand to existing people -- but in doing so realize there is so much more to understand.
Anything that is used to create itself -- captures my interest in a big way.


The more one learns the more one understands there is so much more to understand.  Cool

A_Free_Man
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April 16, 2013, 05:08:22 AM
 #205

Why do you all rely on the bitcoin source? Why not make your own.
Garr255
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April 16, 2013, 06:31:09 AM
 #206

I figured it out tonight!!!!!

Mining away on my own alt chain... Cheesy


I'll be posting a guide soon. Now every(computer-literate)one can have their own bitcoin Smiley

How about a tweakable coin generator? Even if there is a fee to to discourage mass spam of alt coins.

That's what I want to get out of this.

The whole reason I'm participating is because it will promote competitiveness among alt coins. It's really fun getting a better understanding of bitcoin too Smiley
To compete, you need to actually compete. Mere generators cannot compete.

That's my point exactly. Now just a mere tweaking of the bitcoin code will not justify an alt-coin's existence.

“First they ignore you, then they laugh at you, then they fight you, then you win.”  -- Mahatma Gandhi

Average time between signing on to bitcointalk: Two weeks. Please don't expect responses any faster than that!
dan99
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April 16, 2013, 06:51:30 AM
 #207

Lets go with scrypt sence its easier on CPUs than sha-256

IMO it is a better choice.



What about Difficulty re-target and block rate?


Hey,

You mean to say if I want to create a coin you can help me out? I can used any coin names right?
would it be more like litecoin or bitcoin.

Kindly please let me know. Thanks

Dan : )
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April 16, 2013, 06:55:00 AM
 #208

I figured it out tonight!!!!!

Mining away on my own alt chain... Cheesy
I'll be posting a guide soon. Now every(computer-literate)one can have their own bitcoin Smiley

Hope so.  Also wonder what is going to happen to bitcoin when people realize a 16-17 year old just figured out how to tweak the source to make a coin after only one day.  So much for bitcoin limited to 21 million (considering alt coins compete with bitcoin users and vendors).   But it was going to happen sooner or later.
markm
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April 16, 2013, 07:12:03 AM
 #209

It already happened, there are several chains right now that can easily be mined with CPUs, there is no need to create a whole new coin to get the easy low difficulty that early adopters enjoyed, there are lots of chains that have are still in that early adopter stage just waiting for adopters.

-MarkM-

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Garr255
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April 16, 2013, 07:17:27 AM
 #210

I figured it out tonight!!!!!

Mining away on my own alt chain... Cheesy
I'll be posting a guide soon. Now every(computer-literate)one can have their own bitcoin Smiley

Hope so.  Also wonder what is going to happen to bitcoin when people realize a 16-17 year old just figured out how to tweak the source to make a coin after only one day.  So much for bitcoin limited to 21 million (considering alt coins compete with bitcoin users and vendors).   But it was going to happen sooner or later.

Yeah I'm almost 18 now... (will be in August). When you do stuff as an adult it's just not as cool Tongue

“First they ignore you, then they laugh at you, then they fight you, then you win.”  -- Mahatma Gandhi

Average time between signing on to bitcointalk: Two weeks. Please don't expect responses any faster than that!
Garr255
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April 16, 2013, 07:19:49 AM
 #211

Also, I've decided that before I post a guide, I'm going to figure out how to compile QT and for windows, and change the "bitcoin" text throughout the clients to "whatevercoin". Same with the data directory etc.

If I'm going to do this, I'll do it right Smiley

“First they ignore you, then they laugh at you, then they fight you, then you win.”  -- Mahatma Gandhi

Average time between signing on to bitcointalk: Two weeks. Please don't expect responses any faster than that!
Buffer Overflow
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April 16, 2013, 07:26:15 AM
 #212

Also, I've decided that before I post a guide, I'm going to figure out how to compile QT and for windows, and change the "bitcoin" text throughout the clients to "whatevercoin". Same with the data directory etc.

If I'm going to do this, I'll do it right Smiley

GarrCoin. Already seen it.

Walter Rothbard
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April 16, 2013, 06:43:03 PM
 #213

I figured it out tonight!!!!!

Mining away on my own alt chain... Cheesy


I'll be posting a guide soon. Now every(computer-literate)one can have their own bitcoin Smiley

You are the man, Garr.

Quote
That's my point exactly. Now just a mere tweaking of the bitcoin code will not justify an alt-coin's existence.

Wise.

Walter Rothbard
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April 16, 2013, 06:44:48 PM
 #214

Why do you all rely on the bitcoin source? Why not make your own.

Reimplementation is another great project that would teach someone a lot and probably also be of some potential value to the community.

For fun, I'd like to see an incompatible protocol blockchain with arbitrary precision values.  Making the currency unit truly infinitely divisible. Smiley

Walter Rothbard
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April 16, 2013, 06:46:43 PM
 #215

I figured it out tonight!!!!!

Mining away on my own alt chain... Cheesy
I'll be posting a guide soon. Now every(computer-literate)one can have their own bitcoin Smiley

Hope so.  Also wonder what is going to happen to bitcoin when people realize a 16-17 year old just figured out how to tweak the source to make a coin after only one day.  So much for bitcoin limited to 21 million (considering alt coins compete with bitcoin users and vendors).   But it was going to happen sooner or later.

People can create an unlimited number of blockchains, and coins across blockchains.

But transactions on The Bitcoin Blockchain can not be unlimited, and coins on that Blockchain are not unlimited.

As you can see, coins on other blockchains are in no way equal in value to coins on The Bitcoin Blockchain.  1.0 Bytecoin is not worth 1.0 Bitcoin at all; thus, Bytecoin did not double the number of Bitcoins in existence.

Walter Rothbard
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April 16, 2013, 06:48:47 PM
 #216

I figured it out tonight!!!!!

Mining away on my own alt chain... Cheesy
I'll be posting a guide soon. Now every(computer-literate)one can have their own bitcoin Smiley

Hope so.  Also wonder what is going to happen to bitcoin when people realize a 16-17 year old just figured out how to tweak the source to make a coin after only one day.  So much for bitcoin limited to 21 million (considering alt coins compete with bitcoin users and vendors).   But it was going to happen sooner or later.

Yeah I'm almost 18 now... (will be in August). When you do stuff as an adult it's just not as cool Tongue

Adults typically don't have time to do as many cool things!  You, my friend, have an amazing leg up.

ZephramC
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April 16, 2013, 11:00:02 PM
 #217

Amazing effort. I think that rise and/or fall of the bitcoin (and any alternative coins) will not be so much due to external influences, but due to the processes (and personal relationships, personal opinions, and personal interests) within the bitcoin community.
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April 17, 2013, 02:19:39 AM
 #218

I figured it out tonight!!!!!

Mining away on my own alt chain... Cheesy


I'll be posting a guide soon. Now every(computer-literate)one can have their own bitcoin Smiley

How about a tweakable coin generator? Even if there is a fee to to discourage mass spam of alt coins.

That's what I want to get out of this.

The whole reason I'm participating is because it will promote competitiveness among alt coins. It's really fun getting a better understanding of bitcoin too Smiley
To compete, you need to actually compete. Mere generators cannot compete.

That's my point exactly. Now just a mere tweaking of the bitcoin code will not justify an alt-coin's existence.

Horray! Iv'e been waiting for a guide! Thanks a ton!

Currently Mining: Litecoin, Xencoin, and Worldcoin (Just because its fun!, don't yell at me ;_;)
Geddi
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April 17, 2013, 10:22:38 AM
 #219

Yeah I'm almost 18 now... (will be in August). When you do stuff as an adult it's just not as cool Tongue

Just wait a couple of years... if before 18 you got your stuff together allright, then as 'an adult' you can do whatever cool stuf you want.. and then some!  Grin

But on the other hand, not everybody has to live my life. Cool
BlueWall
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April 17, 2013, 05:10:00 PM
 #220

Have you looked at multicoin?

It moves most of the things that are different between different coins all into the config file so you can use the same program to run different chains by changing the config file.

By backtracking from the config stuff you can find what things needed to be changed from one coin to another.

Also I think he had code to print into the log the data you need to plug back into the config file to make a new genesis block work.

-MarkM-


Thanks,

The code needed a little updating to get it to build but it's running here now. Nice tool for exploring.

-BlueWall
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