Blog - Practice Coin

The initial goal of this project is to make a straightforward Litecoin PoW clone with better parameters, to become the basis for further work. This one will be used to issue rewards and equity, trade on exchanges and attract hashing…

Genesis Block

pra April 19, 2017 3 Comments2017-05-04T18:40:23+00:00

Every cryptocurrency derived from Bitcoin has a Genesis Block, the very first block in the blockchain, whose creation is hard-coded into the full node code. In order to prove that it's authentic, the usual rules about hashing the Merkle root…

CryptoLife

pra April 13, 2017 Comments Off2017-04-23T19:38:39+00:00

The top shelf provider of custom Altcoin development is CryptoLife. They offer a whole bunch of options, and prices start at BTC. By the time you add on all the features that would make the coin super legit, it's closer…

Difficulty Re-Targeting

pra April 12, 2017 Comments Off2017-04-13T21:57:57+00:00

Adjusting (re-targeting) difficulty for the PoW is a complex issue with Cryptocurrencies. Bitcoin adjustment every 2016 10 minute blocks (two weeks), is very coarse, and is not usable for smaller coins, in the age of ASIC and GPU farm mining,…

Walletbuilders

pra April 12, 2017 Comments Off2017-04-23T19:28:00+00:00

A well-known Walletbuilders service will automatically make a coin for you, a free one that only includes Linux and Windows node executables, or for BTC they will let you create a custom one, with your own signage, block parameters, Scrypt PoW…

CryptoNight, CryptoNote, and Monero

pra April 4, 2017 Comments Off2017-04-12T22:08:22+00:00

In looking further, it turned out that CryptoNight is a hashing algorithm used for PoW of the CryptoNote protocol-based coins. The most famous of the bunch is Monero, but the list also includes Bytecoin, Dashcoin, and dozens more. One review…