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Author Topic: What skills do I need to code a Tether like?  (Read 129 times)
PhilTheBit (OP)
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February 01, 2018, 07:37:31 PM
 #1

What skills do I need to code a Tether like?
I have no idea, is it complex to code?
What skills do I need? Something reusable I can get?
Just to do something launchable (not maintain).
Is it weeks, months? Need a team of 10 or just one is ok? I have really no idea Cheesy
I know it depends of if your are a good coder or motivate, but I just need to know how I can achieve this.
Can you help?

Thanks

MadGamer
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February 01, 2018, 08:09:21 PM
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You need to first understand what is Tether and how it works. It's a simple token built on top of Bitcoin's blockchain (Omni token), just like Ethereum have tokens (ERC20). If you know what you're doing, It shouldn't be hard. However, USDT is backed by real USD saved in a bank account so you can't simply create a token and tell people that it has a stable value and make them trust it.
PhilTheBit (OP)
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February 04, 2018, 05:35:36 PM
 #3

Thank you MadGamer!

I can create an Ethereum or omni token indifferently for this project?

And to do a stable currency, I need to use the money in the bank to be stable, right? By buying or selling currency to maintain the value.
Do I use a smart contract for that, or just a custom code.

What do you think? I'm still learning btw, if you answer: thank you for your time and patience ;-)


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