which algo is the best? | Bitcointalksearch.org

VanDeinsberg12

hero member

Activity: 1540

Merit: 507

Quote from: tradekripto on April 01, 2019, 07:47:35 AM

Quote from: Malam90 on March 30, 2019, 06:19:47 AM

Quote from: jossiel on March 29, 2019, 07:58:32 PM

If you don't have an idea on which algo is the best, you shouldn't even fork a coin on your own.

What's the reason why you want to fork a coin?

Right, as a team or developer of a coin, he should have enough idea about blockchain, and how does it work, how to create a new coin, develop that coin. In a nutshell he should have knowledge about creation a coin or fork a coin. If he is weak in such field, he should hire an experienced developer.

see im asking community opinions, i do know how to create a new coin, develop the coin and develop an exchange for the coin.

Did you mean about the consensus mechanism that used in the cryptocurrency? I meant about POS, POW, DPOS, or etc.
Algo doesn't matter a lot in the creation of blockchain and you can use various algo for that but about privacy, scalability and another thing will depend on your mechanism.

ivaf

full member

Activity: 980

Merit: 109

Why do you need to create another fork? There are already too many of them. Think of a new algorithm. An algorithm that will be resistant to cracking with the help of quantum computers. Moreover, the need for such an algorithm is long overdue.

tradekripto

newbie

Activity: 5

Merit: 0

Quote from: Malam90 on March 30, 2019, 06:19:47 AM

Quote from: jossiel on March 29, 2019, 07:58:32 PM

If you don't have an idea on which algo is the best, you shouldn't even fork a coin on your own.

What's the reason why you want to fork a coin?

Right, as a team or developer of a coin, he should have enough idea about blockchain, and how does it work, how to create a new coin, develop that coin. In a nutshell he should have knowledge about creation a coin or fork a coin. If he is weak in such field, he should hire an experienced developer.

see im asking community opinions, i do know how to create a new coin, develop the coin and develop an exchange for the coin.

SwiggHeart

jr. member

Activity: 448

Merit: 1

Algorithm is not the best way to determine whether the coin is really good or not, but if you ask for the fork, i wonder why you fork a coin that was the best algorithm.

tradekripto

newbie

Activity: 5

Merit: 0

Quote from: Red-Apple on March 30, 2019, 05:54:29 AM

the whole point of creating a new coin is that you create a new coin. if you want to fork some coin without even knowing which algorithm suits your innovative idea (that you should have before you even think about creating a new coin) then you should not even waste your time creating it.

yes creating a new coin but you does not answer my question, thanks btw.

tradekripto

newbie

Activity: 5

Merit: 0

Quote from: jossiel on March 29, 2019, 07:58:32 PM

If you don't have an idea on which algo is the best, you shouldn't even fork a coin on your own.

What's the reason why you want to fork a coin?

am asking the community, there pros and cons of any algo for example speed, privacy, asic.

reason?
"There are still 1.7 billion people in the world who have no bank accounts but most of them have mobile phones."

jossiel

hero member

Activity: 2842

Merit: 625

Quote from: Malam90 on March 30, 2019, 06:19:47 AM

Quote from: jossiel on March 29, 2019, 07:58:32 PM

If you don't have an idea on which algo is the best, you shouldn't even fork a coin on your own.

What's the reason why you want to fork a coin?

Right, as a team or developer of a coin, he should have enough idea about blockchain, and how does it work, how to create a new coin, develop that coin. In a nutshell he should have knowledge about creation a coin or fork a coin. If he is weak in such field, he should hire an experienced developer.

What I don't understand with his question, why he has to fork a coin? is it monetary reasons or innovation reasons?

This kind of scheme is becoming popular when the biggest forks became of a trend and gathered huge market cap. And after few days, he don't even replied to this thread although he was online today. No reason for him, I guess.

OrangeSeller

hero member

Activity: 1008

Merit: 501

Quote from: tradekripto on March 29, 2019, 05:58:57 PM

hello all,
i want to fork a new coin. which algo in your opinion is the best to fork? give me your reason.
thanks

For you to ask this kind of question just mean that you don't have a direction as to why you want to create the fork which means that no matter the algorithm you make use of, the coin will always turn out to be a shitcoin because the team in charge of the project never had a solid reason as to why the coin was created, we have a lot of coin with the same algorithm and I don't think we want of of them, all we need is a very good idea.

Sanford

jr. member

Activity: 462

Merit: 1

Quote from: tradekripto on March 29, 2019, 05:58:57 PM

hello all,
i want to fork a new coin. which algo in your opinion is the best to fork? give me your reason.
thanks

It seems to me that such questions come only from fraudsters who did not dare to do what they should do today. Well guys give an idea. Where would you pour the loot. Well, it's just arrogance.

giletto

sr. member

Activity: 812

Merit: 250

Quote from: tradekripto on March 29, 2019, 05:58:57 PM

hello all,
i want to fork a new coin. which algo in your opinion is the best to fork? give me your reason.
thanks

First question is what do you want and plan to achieve. If you answer all these correctly then your search can be narrowed to the best suitable algorithm for your coin. But then, why fork or create a coin that has or won't have any economic and development importance to the cryptocurency market.

Viceroy

hero member

Activity: 924

Merit: 501

You have a very strange position. I agree with the previous comments. You should not do this if you don't understand this.

fosco333

full member

Activity: 1260

Merit: 100

Quote from: tradekripto on March 29, 2019, 05:58:57 PM

hello all,
i want to fork a new coin. which algo in your opinion is the best to fork? give me your reason.
thanks

For me, the best algo for cryptocurrency is Cryptonight. You can mining the coin with cryptonight algo with CPU and GPU.
This means it is supporting the decentralized of the coin, doesn't like other algo which you use ASIC to mining with profit.
I think decentralized means everyone can mine the coin.

Awesomus Maximus

member

Activity: 392

Merit: 66

I think you should first consider what algos the newer coins are using. In particular take a look at the more modern algos like x16r, x16s and other ASIC resistant algorithms out there. And you should understand the need for a new coin to be ASIC resistant and how to achieve this. Presently it might not be even enough to be ASIC resistant, your coin would have to be a FPGA resistant too. You can also take a look at the Veil Coin and how they achieve FPGA resistance. Choosing an algo is not a trivial matter. If you don't choose it well your new coin can suffer 51% attacks easily and it will become worthless in no time.

IVEXO

jr. member

Activity: 574

Merit: 2

Quote from: tradekripto on March 29, 2019, 05:58:57 PM

hello all,
i want to fork a new coin. which algo in your opinion is the best to fork? give me your reason.
thanks

Assuming your a new account and just 2 post
I will implore you to learn first and understand what blockchain and crypto currency is all about

Read about bitcoin forks, etherum forks and bitcoin cash forks too

BitcoinHodler

hero member

Activity: 1456

Merit: 578

HODLing is an art, not just a word...

it is impossible to answer such a vague question because the answer is so broad and it can be literary anything from the bitcoin's PoW to some of these newly found algorithms that you have not even heard the name of.

your question at this point is like asking what graphic card is the best! which for instance depends on your budget, what you plan on doing with it,...

tsaroz

legendary

Activity: 2912

Merit: 1069

★Bitvest.io★ Play Plinko or Invest!

For easiness of forking and maintaining a coin, Scrypt would be the best one. It's one of the most forked coin with a large number of documentation on the process and troubleshooting any problems. If you want to run a mineable blockchain, Scrypt is easier choice.

Malam90

full member

Activity: 1099

Merit: 116

Quote from: jossiel on March 29, 2019, 07:58:32 PM

If you don't have an idea on which algo is the best, you shouldn't even fork a coin on your own.

What's the reason why you want to fork a coin?

Right, as a team or developer of a coin, he should have enough idea about blockchain, and how does it work, how to create a new coin, develop that coin. In a nutshell he should have knowledge about creation a coin or fork a coin. If he is weak in such field, he should hire an experienced developer.

Red-Apple

hero member

Activity: 1470

Merit: 655

the whole point of creating a new coin is that you create a new coin. if you want to fork some coin without even knowing which algorithm suits your innovative idea (that you should have before you even think about creating a new coin) then you should not even waste your time creating it.

jossiel

hero member

Activity: 2842

Merit: 625

If you don't have an idea on which algo is the best, you shouldn't even fork a coin on your own.

What's the reason why you want to fork a coin?

tradekripto

newbie

Activity: 5

Merit: 0

hello all,
i want to fork a new coin. which algo in your opinion is the best to fork? give me your reason.
thanks

Topic: which algo is the best? (Read 202 times)