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Topic: Creating an altcoin, how complicated is it? - page 2. (Read 214 times)

legendary
Activity: 3094
Merit: 1069
DGbet.fun - Crypto Sportsbook
January 22, 2018, 12:46:33 AM
#8
Creating a coin or a token is a technical issue.
It's operation and usability defines it's future.
The crypto world is getting more and more competitive and diverse and it's getting harder for a small team or community to operate a coin.
One of the reason for it is cryptos are not being received as currencies but as assets.
full member
Activity: 238
Merit: 100
January 22, 2018, 12:36:52 AM
#7
The only thing that complicated by the coin company is their project because Bitcoin era is finished and today is not only offering coins to the public but also making a good project that could offer advantages into the community. Developers are not into the blockchain core but they're developing Applications like wallets and other coin services like online payments and alike.
full member
Activity: 238
Merit: 100
January 22, 2018, 12:36:10 AM
#6
It's not complicated because everyone can have their own cryptocurrency using Ethereum Geth platform and smart contract, other blockchain are also offering smart contacts like waves, NEO, Lux etc.
Because Bitcoin's core is free to download, edit and redistribute that's why there's a lot of Altcoins today and some of them are scams and bogus coins.
full member
Activity: 345
Merit: 114
January 22, 2018, 12:33:08 AM
#5
Token or coin ? creating token maybe easier, i mean basic token like erc20 cause its bassicaly just copy pasting code. Creating coin with full node maybe little bit complicate.
member
Activity: 182
Merit: 10
Open and Transparent Science Powered By Blockchain
January 22, 2018, 12:01:58 AM
#4
If you just want to create a shit token. Based on erc20 tokens, it only takes five minutes.
So, more and more ICO teams are trying to defraud tens of millions of funds with a white paper, and ICO has a huge bubble, which makes me worry about the future of cryptocurrency market.
member
Activity: 83
Merit: 10
Performing it is a better way of learning things
January 21, 2018, 08:38:14 PM
#3
creating a coin is easy, listing it on an exchange is expensive.  Fortunately, there are some exchanges that have very low listing fee.  For example,  https://masternodeXchange.com  only charge $500.00 for list a coin.  It is an ideal place for low cost alter coins.
full member
Activity: 322
Merit: 111
Revolutionized Rotating Savings & Borrowings
January 21, 2018, 08:30:54 PM
#2
Well for the most part yeah you need to be a dev or programmer to create a coin but as the time passes it gets easier and easier to create tokens and coins. Bancor (BNT) is finishing setting up their product so that end users can make coins for themselves https://twitter.com/Bancor/status/954781664005279745. At the same time you have another token that came out called Etherparty (FUEL) which is going to allow you to easily create coins on the Ethereum network. Solutions are coming for those who have good ideas but can't create coins Smiley.
full member
Activity: 406
Merit: 104
January 21, 2018, 07:53:53 PM
#1
I've read about people creating altcoin in 2 hours and selling it to someone for 0.1BTC.

So I guess it's not that hard to create a shitcoin.

But what about good coins? What do you need to know to create a coin? I'm not a programmer so I have no clue, but my guess is you need to be a programmer of some kind?
I have a great idea for a coin, but I have no idea how to execute it.
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