October 2015
Beginner to intermediate
236 pages
5h 16m
English
Content preview from Learning BitcoinBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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Evaluating an alt-coin
With over 500 alt-coins in existence, it's important to be able to discern which are valid and which are scams. Let's look at a few important aspects to consider before buying into an alt-coin.
Developer activity
As an easy gauge to start with, the developer's activity is helpful when evaluating the legitimacy of a coin. By checking the public repositories of the source code, such as GitHub, one can see when the coin was made public, the contributions made to the code, and the activity level of the community.
As a reference, the GitHub repositories for the alt-coins discussed in this chapter are listed next:
- Litecoin: https://github.com/litecoin-project
- Namecoin: https://github.com/namecoin
- Peercoin: https://github.com/ppcoin ...
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