Book Image

Blockchain Developer's Guide

By : Brenn Hill, Samanyu Chopra, Paul Valencourt, Narayan Prusty
Book Image

Blockchain Developer's Guide

By: Brenn Hill, Samanyu Chopra, Paul Valencourt, Narayan Prusty

Overview of this book

Blockchain applications provide a single-shared ledger to eliminate trust issues involving multiple stakeholders. It is the main technical innovation of Bitcoin, where it serves as the public ledger for Bitcoin transactions. Blockchain Developer's Guide takes you through the electrifying world of blockchain technology. It begins with the basic design of a blockchain and elaborates concepts, such as Initial Coin Offerings (ICOs), tokens, smart contracts, and other related terminologies. You will then explore the components of Ethereum, such as Ether tokens, transactions, and smart contracts that you need to build simple DApps. Blockchain Developer's Guide also explains why you must specifically use Solidity for Ethereum-based projects and lets you explore different blockchains with easy-to-follow examples. You will learn a wide range of concepts - beginning with cryptography in cryptocurrencies and including ether security, mining, and smart contracts. You will learn how to use web sockets and various API services for Ethereum. By the end of this Learning Path, you will be able to build efficient decentralized applications. This Learning Path includes content from the following Packt products: • Blockchain Quick Reference by Brenn Hill, Samanyu Chopra, Paul Valencourt • Building Blockchain Projects by Narayan Prusty
Table of Contents (37 chapters)
Title Page
About Packt

Chapter 19. Creating Your Own Currency

Up until now, we have talked extensively about blockchain, Bitcoin's, and Altcoins. We have discussed various intricacies involved in Bitcoin's, its blockchain, and other elements that form the blockchain. Ethereum has been a good topic of interest for most parts of the book so far. We have also read about other blockchain-based projects that comprise currency-based projects. 

Ethereum has made it possible to make decentralized applications despite having little development knowledge. There are various tokens available at exchanges that are built on top of Ethereum and other similar projects, and are being recognized by backers and the community.

In this chapter, we will be discussing the following topics:

  • Types of cryptocurrency
  • Setting up Litecoin
  • Forking the Litecoin repository
  • Creating one's own coin on top of the Litecoin repository