Why Not Become Another Satoshi Nakamoto or How to Create Your Own Cryptocurrency from Scratch? 1375


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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Buterin, Winklevoss and Others: The Future of the Digital Currency World According to Major Crypto Personalities 798

experts opinions on crypto

The crypto world has entered the new stage of its development, it has always been volatile, but these couple of weeks have been absolutely crazy: coins are jumping up and down, Bitcoin ETF is on its way, blockchain is taking over the world.

No doubt, crypto specialists and financial experts have a lot to say. Today we came up with a compilation of sayings from the stars of the cryptocurrency universe that we found particularly interesting and important.

The CEO of the crypto exchange Gemini, Tyler Winklevoss believes that the acceptance of cryptocurrency in the world as a means of payment equal to fiat will not happen in the next couple of years:

The vast majority of Wall Street firms are still not participating in the cryptocurrency market, which remains primarily a retail-driven market. This will change over time, but it will take time.

Pantera Capital’s CEO is way more optimistic on this issue. He sees great potential in the blockchain technology, and digital coins, according to him, are “superior form of currency.

Ethereum’s founder Vitalik Buterin wants cryptocurrencies to become more user-friendly and common in the everyday life. He also thinks it may become possible only in case the proper regulatory framework for crypto is developed by the state governments.

I want to be able to walk into a convenience store, get a card and pay a small fee to start using Bitcoin Cash,” he said.

The last, but certainly not least, is the CEO of BitMEX, Arthur Hayes, who has some serious doubts concerning Ethereum. According to his calculations, the price of the world’s #2 coin will drop lower than $100.

It is this moment,” he added, “that Ether goes from a 3-digit to a 2-digit shitcoin.

Although we are sure that experts know what they are talking about, the crypto world is way too unpredictable. We can only wait and see whether the abovementioned predictions turn out to be true or not.

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Andreas Antonopoulos Criticized Bitcoin ETF 627

opinion on bitcoin etf

The well-known author of books about Bitcoin and the founder of his own Bitcoin-business Andreas Antonopoulos published a Youtube video where he expressed his opinion about Bitcoin ETF and explained why they cause so much sensation.

I’m going to burst your bubble. I know a lot of people really want to see an ETF happen because ‘too the moon’ and ‘lambos’ and all that. I think it’s a terrible idea. I still think it’s going to happen… I’m actually against ETFs,” he said.

Antonopoulos explained that he understands why many people are so impressed by the idea of Bitcoin ETF:

Everybody’s so excited about ETFs because what we’ve seen in other markets is that when an ETF becomes available—as we saw in gold—the price really increases dramatically as suddenly that commodity becomes available to a lot more investors and these investors pile on. But the other side of it is that there’s always these claims that the commodities markets are heavily manipulated and opening up these exchange-traded instruments only increases the ability of institutional investors to manipulate—especially [in the case of] large market makers—the prices of commodities, not just in the markets where it’s traded as an ETF but more broadly,” he clarified.

We remind you that the SEC postponed the decision upon Bitcoin ETF until September.

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Marvel Is Not Happy About the Cryptocurrency Startup Using the Name Mentioned in One of Its Movies 631

marvel's trademark was used by crypto startup

Numerous startups try to create the hype using the names of famous people, companies, movies etc. The project Wacoinda was no exception. Its name is particularly similar to the word Wakanda which is a made-up African country in the Marvel movie “Black Panther”.

Wacoinda is a crypto startup aimed at providing financial education for African-Americans. By the way, this is not the first time a project used the concept of “Black Panther”. The famous rapper Akon launched his own digital coin and had plans of creating a crypto city in Africa similar to Wakanda.

Nevertheless, the representatives of Marvel did not quite support the endeavour of Wacoinda. They filed a lawsuit to the US Patent and Trademark Office asking to give them more time to decide whether they want to sue Wacoinda or not. The decision will be taken on the 14th of November.

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A Review of the Odyssey Project or How to Transfer the Sharing Economy into Blockchain? 917

According to many experts, in the next couple of decades humanity will switch to the economy of general use (or sharing). This will concern many things that are accepted today (car, real estate, etc.). Within the framework of this article, we will tell you how this, not yet implemented common-use economy can be transferred to the blockchain. So, the review of the Odyssey cryptocurrency.

(please, click the topic to scroll down to it)

  1. What is the Odyssey cryptocurrency?
  2. Odyssey in figures
  3. Forecasts
  4. Conclusion

1. What is the Odyssey cryptocurrency?

The main mission of the project is to combat the centralized sharing economy. In the near future, as the developers themselves assure, joint use will be quite ordinary, and personal possession, on the contrary, will become an unacceptable luxury. That is, within the framework of this economic model, You will not personally have anything, but You will be able to use what you want. Such an approach should lead mankind away from the consumer society and substantially raise the overall level of well-being.

This project comes from Singapore; its main idea is the creation of a decentralized version of the economy of the future, which will be oriented towards the common use of various things. The developers want to significantly reduce costs and increase the efficiency of marketplace applications, as well as create their own Odyssey system.

The main consultant of the project is the general director of TRON Justin Sun. Major Odyssey investors are:

  • Eddie Wu, Alibaba’s co-founder;
  • investment trust Vision Plus Capital;
  • TRON Foundation, etc.

The main principles of Odyssey:

  • everything can be combined and shared;
  • everyone has the right to possess information;
  • all participants in the system can count on income, which will depend on their initial contribution;
  • there should not be a monopoly in the sharing economy;
  • the new economic model will be effective only if it becomes autonomous.

Summarizing, we can say that the Odyssey system is a kind of marketplace for sharing, based on blockchain technology.

2. Odyssey in figures

This coin appeared relatively recently, only in early 2018. If you look at the chart, you can see that Odyssey’s currency exchange rate has significantly decreased from $0.09 to today’s $0.003.

The total issue is 10 billion tokens, now 4.75 billion are issued. Market capitalization as of mid-August 2018 is slightly more than $17 million. The coin takes the 244th place in the global rating of CoinMarketCap.

3. Forecasts

The Odyssey (ocn) cryptocurrency is now showing a negative yield, it is, to a large extent, related to the general trend in the market. It is rather difficult to predict the price of cryptocurrency in such conditions. Nevertheless, this project is potentially promising for the following reasons:

  • developers follow the schedule written in the project road map;
  • in the future, it is planned to create its own stock exchange;
  • the team actively works on the project, periodically consults the community through polls, voting, etc .;
  • the Odyssey project is closely connected with TRON, which ranks 12th in the rating of all cryptocoins;
  • economy of common use is the vector where the movement of mankind has already begun.

4. Conclusion

If you plan to invest in Odyssey, you should count on a long time, because the project is still too young and for its development there is still a lot to do. The sharing economy is also not tomorrow and not even in a year will become the norm, so that the global Xs in the near future should not be waited for. Also do not forget about diversification of your investment portfolio, this will significantly reduce the risks of a complete loss of capital. The Coin Shark continues to monitor the news of the cryptocurrencies and look for new promising projects.

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Robert Kiyosaki: Cryptocurrency Will Outlive Fiat Currency 820

btc will outlive usd

The author of the famous financial bestseller “Rich Dad, Poor Dad” Robert Kiyosaki expressed his opinion about the future of the US dollar and concluded that the cryptocurrencies can outlive fiat, as they are “currencies of the people”.

Discussing his new book “Fake: Fake Money, Fake Teachers, Fake Assets”, Kiyosaki explained that he wrote that gold, Bitcoin and other virtual currencies are the best protection against the impending financial market crash.

Kiyosaki believes that the dollar is a “fake currency“, because it is not secured by gold since the abolition of the gold and currency standard:

I’ve always been a gold bug. My latest book coming out is called Fake. There’s so much fake money. In 1971 Nixon took the dollar off the gold standard and the US dollar became fake money.

According to the businessman, the permanent monetary issue, which is implemented by the US Federal Reserve System, inflates a big bubble, which in the future will cause another economic crisis.

God’s money, which is gold and silver, will be here after the cockroaches go extinct, and people’s money, which is [crypto] currency…I think the dollar is toast because gold and silver and cyber currency are going to take it out.

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Facebook Is Not Going to Cooperate with Stellar 705

facebook and stellar will not be partners

As we reported earlier, Internet was full of rumours that Facebook was exploring the possibilities of the blockchain technology and wanted to outrun everybody else in this field. The news has neither been officially confirmed or refuted by the representatives of Facebook.

Meanwhile, the Business Insider mentioned in its publication that the blockchain team of this social network was negotiating with a couple of potentially promising projects, one of them was supposedly Stellar.

However, this time the response of Facebook was quite immediate. Its representative said:

We are not engaged in any discussions with Stellar, and we are not considering building on their technology.

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