My company has tasked me with creating an altcoin - page 2.

X-ray

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Quote from: Swammy on April 14, 2017, 02:05:19 AM

I'm a developer working for a mid-sized firm and the powers that be want my team to spend some time diving into developing an altcoin. I'm pretty sure there are decent tutorials out there for where to start (ie Bitcoin Github) but I'm wondering if you guys have any tips that are not that commonly known.

Also if someone has experience with this we have a consultation/freelance budget.

Thanks.

Make your own altcoin with your own code, it will not commonly knowing. But in this time too rarely to find the new coin with fresh code. Most of them are using the assets by some chain such as ethereum or nxt.
Looks your background is really good to make a new fresh code for new coin for your firm.

lurker10

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Quote from: Swammy on April 14, 2017, 02:25:38 AM

Thanks for the responses.

From what I can tell they want to have people trading and exchanging on their network. So buying their altcoins and have the value go up. They usually do this kind of thing with securities and gather leads through marketing to the MICE industry.

I'm going to do some NTX research now.

My team (3 of us) have limited experience with cryptology but we all have CS degrees and are proper developers.

NXT has a private blockchain evaluation kit you might want to look at:
https://nxtforum.org/nrs-releases/private-blockchain-evaluation-kit-v1-11-4/

One of the main values of crypto is decentralized consensus.
With a private centralized network you remove this value. For some applications it is perfectly fine to remove it. I don't know if your application can do without it, but you have both options if you choose NXT.

Swammy

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Thanks for the responses.

From what I can tell they want to have people trading and exchanging on their network. So buying their altcoins and have the value go up. They usually do this kind of thing with securities and gather leads through marketing to the MICE industry.

I'm going to do some NTX research now.

My team (3 of us) have limited experience with cryptology but we all have CS degrees and are proper developers.

Pursuer

legendary

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Where is my ring of blades...

first question you need to ask yourself is why do you want to create a new altcoin.

depending on your answer to this question there are numerous different routs that can be taken in order to make a new cryptocurrency.

also how much knowledge do you have in programming, in cryptography and in general about what cryptocurrencies are supposed to be and do.

lurker10

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Activity: 378

Merit: 250

Do you want an altcoin with custom features or just something to transact value backed by company's resources, stock?

For the former you'll need to make sure your network is secured properly and that isn't easy to do. That is probably the hardest thing to do.
For the latter there is an option to create a token on the NXT blockchain. The cost is a whopping $2, two hours of reading material https://nxtwiki.org/wiki/Monetary_System https://nxtwiki.org/wiki/Asset_Exchange and a few mouse clicks around the NXT client https://nxtforum.org/nrs-releases/nrs-v1-11-5/. NXT takes care of network security, you can instantly get down to business using your token. One recent example out of many: https://bitcointalksearch.org/topic/janus-jns-blockchain-secured-global-business-ignis-ardor-1677509

Swammy

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I'm a developer working for a mid-sized firm and the powers that be want my team to spend some time diving into developing an altcoin. I'm pretty sure there are decent tutorials out there for where to start (ie Bitcoin Github) but I'm wondering if you guys have any tips that are not that commonly known.

Also if someone has experience with this we have a consultation/freelance budget.

Thanks.

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