Author

Topic: How to make my own Alt Coins (Read 628 times)

hero member
Activity: 574
Merit: 500
April 01, 2015, 11:04:31 AM
#11
You might struggle to use Nxt's Monetary System with Bitcoin  Cheesy Bitcoin doesn't have anything like this at the moment.
newbie
Activity: 28
Merit: 0
April 01, 2015, 10:46:19 AM
#10
thanks to you guys am going to have a change of blood. from red blood cells to bitcoins  Grin
hero member
Activity: 574
Merit: 500
April 01, 2015, 10:09:21 AM
#9
You can mine POW coins inside Nxt, using the Monetary System. There have been many coins created so far, for a variety of reasons. You just mine the coins, security of the blockchain is provided by Nxt's blockchain.

You can set in up in a few minutes and you don't need to be able to code.

You can start here: https://wiki.nxtcrypto.org/wiki/Monetary_System

And ask any questions here: https://nxtforum.org/nxt-monetary-system-helpdesk/


holly molly, and i was trying to learn coding to be able to do that...

 Grin

It works well. But there have been some suggestions to make improvements. I won't tell you what they are but would appreciate any feedback you might have.

Mining is only one use case of Monetary System. You can also do:

Trustless Crowdfunding: E.g. Aim to collect 100,000 Nxt by block 400,000 for your project. If the target isn't reach, everyone gets their Nxt returned to them automatically. If it is, you get the Nxt (optionally could also issue them an MSCoin in proportion to the donation)

Retail Vouchers: You can set it so that an MSCoin is only transferable to or from the issuers account who is the retailer. So you can issue and keep control of "10% off mining fees" or "Buy one get one free on rig rental" etc. for running promotions if you own a business.

Store of value: You 'lock-up' Nxt in your newly minted coin to give it a base store of value,  as they can be converted back to Nxt at any time. Your MSCoin would never be lower than the value of the Nxt that back it.

You can also mix the properties in creative ways and additional properties are in the pipeline (and you can also request one if you have a specific use case in mind).


Have fun  Cheesy
full member
Activity: 196
Merit: 100
Scam / Scammer Hunter
April 01, 2015, 09:58:55 AM
#8
thanks for hitting up that post buddy. the level of information out of it is getting impressive
newbie
Activity: 28
Merit: 0
April 01, 2015, 09:55:46 AM
#7
You can mine POW coins inside Nxt, using the Monetary System. There have been many coins created so far, for a variety of reasons. You just mine the coins, security of the blockchain is provided by Nxt's blockchain.

You can set in up in a few minutes and you don't need to be able to code.

You can start here: https://wiki.nxtcrypto.org/wiki/Monetary_System

And ask any questions here: https://nxtforum.org/nxt-monetary-system-helpdesk/


holly molly, and i was trying to learn coding to be able to do that...
hero member
Activity: 574
Merit: 500
April 01, 2015, 09:48:17 AM
#6
You can mine POW coins inside Nxt, using the Monetary System. There have been many coins created so far, for a variety of reasons. You just mine the coins, security of the blockchain is provided by Nxt's blockchain.

You can set in up in a few minutes and you don't need to be able to code.

You can start here: https://wiki.nxtcrypto.org/wiki/Monetary_System

And ask any questions here: https://nxtforum.org/nxt-monetary-system-helpdesk/
newbie
Activity: 28
Merit: 0
April 01, 2015, 07:38:12 AM
#5
i would like to know how i could make my own Alt coins?

no need to put a price on it or sell it. like just mine it.. its more about achievement than making it become cashable.. newbie btw

These 2 links should help a little.  Wink

https://bitcointalksearch.org/topic/complete-guide-on-how-to-create-a-new-alt-coin-225690

http://devtome.com/doku.php?id=scrypt_altcoin_cloning_guide






Gorgeous. Absolutely gorgeous. thank you very much
sr. member
Activity: 285
Merit: 250
April 01, 2015, 07:29:30 AM
#4
i would like to know how i could make my own Alt coins?

no need to put a price on it or sell it. like just mine it.. its more about achievement than making it become cashable.. newbie btw

These 2 links should help a little.  Wink

https://bitcointalksearch.org/topic/complete-guide-on-how-to-create-a-new-alt-coin-225690

http://devtome.com/doku.php?id=scrypt_altcoin_cloning_guide




newbie
Activity: 28
Merit: 0
April 01, 2015, 07:28:46 AM
#3
oh damn, no reply  Sad Sad the post will probably go in the garbage  Undecided
member
Activity: 112
Merit: 10
April 01, 2015, 07:27:13 AM
#2
i would like to know how i could make my own Alt coins?

no need to put a price on it or sell it. like just mine it.. its more about achievement than making it become cashable.. newbie btw

Here are the basics: http://devtome.com/doku.php?id=scrypt_altcoin_cloning_guide
newbie
Activity: 28
Merit: 0
April 01, 2015, 07:19:39 AM
#1
i would like to know how i could make my own Alt coins?

no need to put a price on it or sell it. like just mine it.. its more about achievement than making it become cashable.. newbie btw
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