Can I create a coin using Bitcoin, or am I stuck with Ethereum?

Curious1954

newbie

Activity: 7

Merit: 0

Thanks everyone. It is indeed Rootstock that I wanted to do more research on. I am very inclined for a utility token, not coin.

I have not implemented anything yet - finishing up the core programming of the websites (5 of them). All cannabis related (nothing like Paragon, and only like Potcoin in a sense except that my token will be used exclusively within the marketing cannabis infrastructure I am setting up). Once I hit (start the programming) the payment portions (gateways included), I will pay serious attention to coin vs token, bitcoin/Rootstock side-chain vs Etherium. And, I guess I will take a deeper look at Waves.

Again, thanks all.

Tipstar

sr. member

Activity: 1848

Merit: 298

Buzz App - Spin wheel, farm rewards

IF you want to create tokens, you need a side chain platform like ethereum. If you want a coin, you can fork any coins or start new with their algo. But it would be better to do more research before jumping into one.

WyattS

newbie

Activity: 31

Merit: 0

Quote from: Curious1954 on November 13, 2017, 12:39:13 AM

I don't want to make a coin personally. I'll get others to do the techie stuff. (I do website programming, marketing, business end stuff).

But from my research, and my project, it would be of great great benefit to create a token off the back of bitcoin as opposed to Ethereum. Thus, my question and also if anyone knows of a sidechain to the bitcoin that permits this.

I'd say that your research, and by association, project, are flawed.

1. If you do "website programming", then you'd know javascript, and therefore be easily acquainted with Solidity.
2. Ethereum has a very solid platform to run tokens off of (they're called tokens, not coins, fwiw).
3. Many ICOs accept bitcoin for tokens using a dapp to process the purchase.
4. Exchanging BTC for ETH is easy. Really no use for excluding one for another.

All that said, maybe you're looking for http://www.rsk.co/ ?

Edit: Looks like Red-Apple already said it above.

boakyei

member

Activity: 358

Merit: 11

I don't think bitcoins is like ETH where you can create token on Ethereum platform. The only way I know is mining .

Russlenat

hero member

Activity: 2716

Merit: 904

You can create another cryptos with another name and not a clone of bitcoin, their is a lot of tutorial out there anyway bitcoin source code is an open source and you can create whatever you want.

Taskford

hero member

Activity: 2520

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I don't think that you can use bitcoin to create a coin because it is only possible in two ways. It is either you will make your own coin from scratch and code it all day by yourself or you will just go with ethereum and create a token or so called smart contract and publish it on public to have some crowd funding but if you want to use bitcoin to create then i think it is impossible.

dillpicklechips

hero member

Activity: 994

Merit: 507

Regarding other blockchains that you can use to create your own coin aside from ETH, WAVES and NEO then here:

Quote from: Red-Apple on November 13, 2017, 09:21:36 AM

i think you are looking for Rootstock.
it is a side chain desgined for smart contracts on bitcoin blockchain. it has been around for a long time and i think it was released recently.

more information here: www.rsk.co

Regarding the title question: the answer is no. You can't create a smart contract (create your own token) in Bitcoin's blockchain. There are specialized blockchains that enables the creation of smart contract hence making it possible to create your own token like ETH for example but there are other blockchains that offers the same service which you may try to research and decide which is the best.

Red-Apple

hero member

Activity: 1470

Merit: 655

i think you are looking for Rootstock.
it is a side chain desgined for smart contracts on bitcoin blockchain. it has been around for a long time and i think it was released recently.

more information here: www.rsk.co

Ucy

sr. member

Activity: 2576

Merit: 402

Bisq is a Bitcoin Fiat Dex. Use responsibly

Guess he meant Bitcoin having the DApp capability. I have wondered thesame too.
Although I have seen some mentions that applications can be built on top of Bitcoin... I don't know if it's thesame as Ethereum kind of capability.

Having stuff like that on Bitcoin would be great.

CryptoWave

member

Activity: 109

Merit: 100

Web Developer

You can't create tokens using Bitcoin.

There are other platforms though, such as WAVES. It's better than ETH imo, has 1000x the tx speed of BTC, Built in dex etc;

Curious1954

newbie

Activity: 7

Merit: 0

I don't want to make a coin personally. I'll get others to do the techie stuff. (I do website programming, marketing, business end stuff).

But from my research, and my project, it would be of great great benefit to create a token off the back of bitcoin as opposed to Ethereum. Thus, my question and also if anyone knows of a sidechain to the bitcoin that permits this.

farelada33

jr. member

Activity: 78

Merit: 1

Sorry. In what way do you want to make bitcoin. If from the internet a lot of tutorial

Curious1954

newbie

Activity: 7

Merit: 0

Same as title. Please don't say Waves or NEO.

I thought there as a way to do this using a side-fork, but can't find any info about it (forgot the name).
thanks

Topic: Can I create a coin using Bitcoin, or am I stuck with Ethereum? (Read 309 times)