create account

Developing Own Cryptocurrency by dvaryani

View this thread on: hive.blogpeakd.comecency.com
· @dvaryani · (edited)
Developing Own Cryptocurrency
Has anyone here thought of developing their own Cryptocurrency . Right now there are so many cryptocurrencies in the market with different algorithms some are based on Sha 256 , and some based on scrypt , X11 , X13 and so on .

If we consider the no of complexities that are involved in making of the physical dollar bills  it is very clear that y most of the people don't start using the digital phenomena and making such a currency is damn easy with a few basic coding skills but apart from that there are certain initiatives too which one needs to make after developing a coin which are as follows 

1) Marketing the currency
2) Code to sustain various attacks in the long run
3)Promoting it at various merchant outlets
4) Look for miners
5) Finally the most important  factor Global acceptance
http://blogs-images.forbes.com/reuvencohen/files/2014/02/8453271596_313471af73_m.jpg
Once a Developer looks into this aspects the coin can gain great popularity and can be used worldwide




When you look at the complexities that go into making a physical dollar bill itโ€™s plain to see why most people donโ€™t start trying to print a new form of currency every day, but making a new digital currency is surprisingly easy for someone with even basic coding skills. But coding isnโ€™t the only step to getting your digital currency off the ground
๐Ÿ‘  , , , , , ,
properties (23)
authordvaryani
permlinkdeveloping-own-cryptocurrency
categorycrypto
json_metadata{"tags":["crypto","money","bitcoin","steemit","steem"],"image":["http://blogs-images.forbes.com/reuvencohen/files/2014/02/8453271596_313471af73_m.jpg"]}
created2016-08-24 08:31:45
last_update2016-08-24 08:37:30
depth0
children3
last_payout2016-09-24 10:13:06
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length1,338
author_reputation51,730,593,356
root_title"Developing Own Cryptocurrency"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id963,918
net_rshares11,448,748,922
author_curate_reward""
vote details (7)
@bitron ·
Very soon token coins will be common.  You have to have a community behind it to get it off the ground,  like Steem.  So even if you know how to code you still need to know how to market it.  But that's for now eventually they will be akin to personal credit cards.
properties (22)
authorbitron
permlinkre-dvaryani-developing-own-cryptocurrency-20160902t212105025z
categorycrypto
json_metadata{"tags":["crypto"]}
created2016-09-02 21:21:03
last_update2016-09-02 21:21:03
depth1
children0
last_payout2016-09-24 10:13:06
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length265
author_reputation5,635,838,623
root_title"Developing Own Cryptocurrency"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id1,103,700
net_rshares0
@dave-hughes ·
I did try to make a token coin for artists to use but because their was so many jokers in the field trying to make a quick buck I quickly dropped it, peercoin is one on bit shares I have been following since its start, it's part of why I like steem because it has a solid idea behind it.
๐Ÿ‘  
properties (23)
authordave-hughes
permlinkre-dvaryani-developing-own-cryptocurrency-20160824t101154250z
categorycrypto
json_metadata{"tags":["crypto"]}
created2016-08-24 10:11:54
last_update2016-08-24 10:11:54
depth1
children1
last_payout2016-09-24 10:13:06
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length287
author_reputation2,561,835,597,700
root_title"Developing Own Cryptocurrency"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id964,777
net_rshares66,879,930
author_curate_reward""
vote details (1)
@dvaryani ·
Yes there are a number of sites around offering such ideas but you should give a try in cryptonite coins they have a clear guideline you can check their website
https://cryptonotestarter.org/
๐Ÿ‘  
properties (23)
authordvaryani
permlinkre-dave-hughes-re-dvaryani-developing-own-cryptocurrency-20160824t133051572z
categorycrypto
json_metadata{"tags":["crypto"],"links":["https://cryptonotestarter.org/"]}
created2016-08-24 13:30:48
last_update2016-08-24 13:30:48
depth2
children0
last_payout2016-09-24 10:13:06
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length191
author_reputation51,730,593,356
root_title"Developing Own Cryptocurrency"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id966,776
net_rshares53,832,434
author_curate_reward""
vote details (1)