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Creating a new currency on the Ethereum Network Part 1

So I’ve decided partly as an experiment or partly as a way to perhaps raise funds for buying servers etc to create my own Cryptocurrency on the Etherium Blockchain, as by trade I’ve been a computer programmer most of my adult life this should not be a difficult task.

Right now I’m creating a full node on the Ethereum network, this is going to take a while and probably use quite a bit of disk space as I will have to store all the transactions in the network. There are over 4.29 million of them right now!

The next task will be to create a new contract that issues the tokens to the network. So the tokens will all be stored on one Ethereum address and the code in the contract will manage the buying and selling of the tokens.

Follow this site for more information as I go along and I’ll show how you can buy and sell my tokens when it’s all working.

I’m planning to build in some features to the crypto that others don’t have which should be very interesting. If you want to take part – it will end up on the exchanges, get yourself an ERC20 Compatible Wallet like Metamask.

So to achieve this I’ve pretty much got to learn a C++ like language called Solidity. So this should be interesting, I’m quite excited to see what I can do with it!

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