Creating Altcoins is Easy, Maintaining One is Not
Love them or hate them, there’s a lot of altcoins in the crypto-economy. In fact, in 2017 there are roughly more than 700 different kinds of cryptocurrency. All of them claim to offer something unique. However, many people believe there is nothing innovative about these altcoins due to how easy it is to create them, the sketchy developers behind many....
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Creating altcoins is pretty tricky for the average person. It requires a basic knowledge of C++ programming, understanding compiling errors, etc. Or at least, that's how it used to be. Coingen is a new website that lets you easily create your own altcoin. From the description on the site, "Think you can market an altcoin better than Dogecoin, Catcoin, or even Litecoin? Want to create your own coin and get in on this gravy train? Follow this simple form to get started with your very own altcoin!" Coingen. Creating an altcoin with the default configuration costs 0.01 BTC. You can spend an....
Leading Bitcoin payment processor, BitPay, recently endorsed an innovative Bitcoin company, ShapeShift. In a blog post, the company described how one could use ShapeShift to pay for things in crypto-currencies other than Bitcoin through BitPay. ShapeShift CEO Erik Vorhees calls the website, “the Google Translate of crypto-currencies” referring to how easy it is to transfer from one crypto-currency to another. BitPay mentions crypto-currencies and blockchain tokens like DASH, Ether and Namecoin in a subtle endorsement of sorts. BitPay lent its vote of approval to the exchange in a blog post....
For many people involved with Bitcoin, altcoins are nothing more than testnets. Hundreds of digital currencies are currently listed on CoinCap.io, but Bitcoin still dominates 78 percent of the market. In total, there are only 10 digital currencies with a current market cap of $10 million or more. When looking at the most popular altcoins, it’s easy to see that there are some cryptocurrency features that are more desirable than others. Many have said that any altcoin with useful features will eventually see those features incorporated into Bitcoin. Up to this point, it’s clear that many of....
When launched, Bitcoin was considered to be some kind of a virtual in-game currency, similar to those used in Second Life and other video games. As time progressed the world realized the true potential of bitcoin and it also gave rise to other wannabees which are now better known as altcoins. Bitcoin has been gaining popularity and notoriety since its inception. The number of people using bitcoin has also increased drastically. The technology behind bitcoin, better known as Bitcoin technology or Blockchain technology has far more applications than just acting as a decentralized ledger for....
Hello friends, Check out this video that explains how Bitcoin works under the hood in a very easy to understand way. This video comes from Youtube user CuriousInventor, whom has a lot of other useful videos as well. I would suggest sending this Youtube video to people that ask you about Bitcoin and other altcoins because it is much better than the weusecoin's video that still emphasizes mining. Remember that a base understanding of Bitcoin is necessary before a person can realize the potential that some of the other altcoins have.