December 2018
Beginner to intermediate
564 pages
17h 34m
English
Content preview from Blockchain Developer's Guide
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The process
In this chapter, we will be forking Litecoin source code and working on top of that. Here is a brief overview of the steps involved:
- Making the layout and the requirements of the project.
- Opting of the algorithm, various algorithms can be opted for this process. In this chapter, we are going forward with the script algorithm, which is used in Litecoin itself.
- Consensus type: PoW, PoS, or any other consensus type can be used based on community support. In this chapter, we will be using the PoW consensus type, which will require miners to mine for the coin and also confirm transactions.
- Coin name: The name of the coin has to be decided.
- Coin abbreviation: Such as for Bitcoin, BTC is used, and for Litecoin, LTC is used; similarly, ...
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