Why Not Become Another Satoshi Nakamoto or How to Create Your Own Cryptocurrency from Scratch? 102

Why Not Become Another Satoshi Nakamoto or How to Create Your Own Cryptocurrency from Scratch?

We are sure that you already know what cryptocurrency is, how to use it and how to make money on it. Armed with this knowledge, let’s understand how to successfully create your own cryptocurrency together with The Coin Shark.

Why create your own cryptocurrency?

Basically, there are only two reasons for such a large-scale goal:

  1. Desire to earn
  2. Interest in the very process of creating one’s own cryptocurrency product.

Of course, this goal has a number of advantages, one of which is unquestionable: nobody controls or regulates cryptocurrency.

Electronic money is not subject to either banks or governments. In fact, if you own a cryptocurrency, no person, except you, is able to resolve this process (unless, of course, you create it in a country with already existing norms for digital currencies).

However, alas, only desire is not enough to create your own cryptocurrency. Even digital money requires a lot of work and time. And money. Yes, exactly. After all, if you want to launch a viable and interesting project, the initial investment is simply necessary.

The necessary conditions

Before creating your own token, you should pay attention to the main principles of mining and using cryptocurrency:

  1. You will need powerful computer technology with special software. You can use a simple home PC. However, keep in mind, it will work slowly.
  2. Do not forget, the mining stops when the last coin is mined.
  3. The security of your token will be provided through a special code, which will be impossible to hack.
  4. Transparency of work for investors: investors must have free access to electronic currency. You need to install a “client”, provide the opportunity to register and create a wallet.
  5. Remember that every payment can not be returned. In case the sender made a mistake, then only the beneficiary can return it to him at his own request. This same rule also applies to cryptocurrency wallets: it’s impossible to restore the wallet.

Next, we will go through the steps of creating your own cryptocurrency.

Creating one’s own cryptocurrency. Step-by-step instruction.

Step 1. Select resource

One of the resources which is ideally suited for open source projects is GitHub.com. This site contains a wide selection of ready-made products for everyone. And, most importantly, it’s free. You can only choose the most promising cryptocurrency and use the code to implement your own project. Alternative source can be taken from sourceforge.net.

Another source perfectly suited for this purpose is Сryptolife. Here you can create a personal account online, manage it, create and generate a cryptocurrency, trade it etc.

Step 2. Select cryptographic code

Each digital currency needs a basic code. To download the source code into your data store, you must clone it.

Please note: you must install the library to ensure that the code works correctly. These are special programs for the developers, where a template of the cryptocurrency is created. A suitable program should be selected considering the type of your OS.

Step 3. Name and edit the code

In fact, such a code is already your cryptocurrency, only not completely structured. Now, the main thing is to come up with a name that will sound in any language and will be easy to remember.

To make your token original, you need to replace the base name in the code. This process is not done manually, but with the help of special programs. For example, HandyFile Find and Replace,Search and Replace if you have Windows or TextWrangler if you have MacOS.

Step 4. Configure network ports

Since all operations with cryptocurrency pass through any network, it will be necessary for our application to specify network ports for conducting transactions. It is important to select the ports that have not yet used other applications and make the appropriate changes to the program code.

Detailed instructions will not help here unless you have basic programming skills, so it’s best to contact a professional.

Step 5. Set up the generation of the token and choose the appearance

The SEO of a currency independently sets the number of coins that the miners will receive for the calculation of one block and also the limit for creating the blocks per day.

Since all operations with cryptocurrency are inherently encrypted using private and public keys, you have the right to determine which symbol the first byte of the public key will have.

As a result, we have a ready-made application. You can replace the icons, which already exist, with your own ones. The development of the logo and pictures of your new currency is easier to entrust to the designer, in order to avoid repetition and unaesthetic appearance.

Now you know that it is not so difficult to create your own cryptocurrency. Another thing is that the issue of digital money is not entertainment, but a full-fledged commercial project, which must be thought out and calculated in advance. But it’s not enough just to create a product, it needs to be promoted to the market. Very soon we will tell you how to make your cryptocurrency successful.

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KEYRPTO: A Brand-New eBay in the World of Cryptocurrencies 125

KEYRPTO: A Brand-New eBay in the World of Cryptocurrencies

What is Keyrpto?

Have you ever regretted not investing in such a commerce giant as eBay while it was not as popular? Now you have one more chance to do it, and this chance is the project Keyrpto. Keyrpto is a breakthrough project which operates on blockchain and specializes in electronic commerce. It makes it possible for the smaller enterprises to put up their products and services for sale with the help of the leading cryptocurrencies. Keyrpto creates an intermediate exchanging products for cryptocurrency and vice versa with tiniest risk of scams. Being the third-party, it ensures the safety and transparency of transactions.

What are the advantages of Keyrpto?

  • The global market of cryptocurrencies will most likely reach $2 trillion by the end of 2018. But unfortunately, very few platforms (namely, Magento and WooCommerce) which provides exchange services for products and sryptocurrencies, that is why KEYRPTO was created to occupy this niche.
  • Currently the sphere of electronic commerce has a significant number of flaws and imperfections which need to be fixed. Blockchain can actually be an ideal solution for such an issue. In spite of many features of cryptocurrency payments, the market requires a trustworthy platform operating on blockchain which would combine all of those features, structuralize them and provide to the customers in the most accessible way.
  • Cutomers want to purchase products and services for their favorite cryptocurrency, while sellers want to sell their products and services securely avoiding all the possible risks connected with cryptocurrencies. Keyrpto can become a perfect place where the requirements of all parties will be met: buyers will get quick and easy transactions, sellers will be protected from losing their income.
  • Keyrpto has a progressive platform which creates all the necessary conditions for setting up online stores and selling goods. The platform is characterized by the unlimited amount of products and storage, special tools for detecting scams, multiple language interface, bonuses and gift cards, mobile commerce optimization, social media integration and other virtues.

The ICO details

Keyrpto has its own token called the KYT token. It will soon enter cryptocurrency exchanges. The KYT token can be spent within the platform for registration fees or products, which will provide a bonus for the user. The number of tokens are limited to 1 billion KYT. The total number of tokens for sale is 510 million KYT, and any unsold tokens will be destroyed. The soft cap is 3 million US dollars, while the hard cap reaches 5.1 million US dollars. 1 KYT token costs 1 cent. The intrinsic value of tokens will increase with time bringing more value to investors. Team tokens will be locked for 1 year. The tokens will be distributed in the following way: 51% will go for the token sale, 20% will go to the team, 10% will go to both marketing and operation, 5% will go for bounty and early investors and 4% will go to advisors.

Join the development of the future’s most effective and powerful e-commerce platform on: https://www.keyrpto.com/

The Coin Shark does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions. The Coin Shark is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the article.

The Most Popular Games on Blockchain in 2018 114

The Most Popular Games on Blockchain in 2018

Have you noticed how fast the blockchain technology is conquering all the top segments? This innovation also did not bypass the video game industry. According to experts, this is one of the best symbiosis, since games on blockchain are not only cool, but also profitable.

At the moment, cyber-lovers do not have much, because the developers have not presented the world with as many games on blockchain so far as people would like. The Coin Shark will introduce the most popular blockchain games in 2018 to you.

1. HunterCoin

This game is the first gave on blockchain in history and currently the only autonomous and centralized one. It was released in 2014. The essence of the game is simple: you collect unmarked coins with the help of your own squad of hunters. As soon as they see the coin on the map, they take it and carry it to respawn. Simultaneously, other players, that is, enemy hunters, should prevent the coin from appearing in the wallet. The HunterCoin token operates inside the game.

2. Spells of Genesis

The release of the game was accompanied by a loud sensation. Spells of Genesis does not work on blockchain, like HunterCoin, but simply uses technology in the game process. The events in the game develop around the Moonga universe, where the enemy Sayosian empire – is located. The main goal is to overthrow the tyrant by collecting cards and building mines. Bitcrystals tokens operate inside the game. Android and iOS users can use the web version for free.

3. Beyond the Void

The strategy game has MOBA elements. Actions in Beyond the Void are developing in the future, where people found the “Cube”, which provides an opportunity to travel through galaxies. However, the “Cube” has a high cost, because of that people are forced to fight with each other. The game has its own ERC20 Nexium tokens, which provide access to additional resources.

4. Augmentors

This blockchain game with augmented reality has a lot in common with the well-known Pokemon Go application, as players need to create their own monsters, in Augmentors they are called Augmentors: semi-humans, cyborgs, god-characters and monsters. Now the game has 50 characters. The DataBit token is used as a means of payment inside Augmentors.

5. Bitcomon Go

The game application was released in July of 2017. The essence is quite simple: an account is created and various tasks are performed. Players receive tokens for the solution of these tasks. You can also receive the platform currency by inviting new users.

6. Yggdrasil

It is a slot game on the platform FairWin, which operates on blockchain. The main task in the game is to grow a tree. The game has levels, the tree changes appearance on each of them and opens new symbols for players. Currently, Yggdrasil is in the test phase. FWIN will be operating inside the game.

7. CryptoKitties

The game CryptoKitties is a real bomb of 2017, which has some similarities with the beloved Tamagotchi. In this game you need to buy a kitty, breed him or her with another cute little ball of fur, so that the kittens are born. Then the players can put them up for sale and receive cryptocurrency.

8. BitQuest

BitQuest is hard to call a game that works on the blockchain technology, but one can call it one of the popular ones. The game is a public server in Minecraft. The essence of the game is to kill monsters and get an “emerald”, which can also be obtained by exchanging for other items.

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