Member-only story
How to build your own Altcoin (Much easier than you might realize)
Kolin Lukas — As seen in Trezor Blog
There is a strong division of opinion about the value of any non-Bitcoin cryptocurrency. Many are adamant that Bitcoin is the only cryptocurrency worth focusing on.
Others will argue that all technology must go through many iterations before it is perfected, and therefore there are many valid cryptocurrencies currently in the space. (Think Myspace of Crypto)
There are merits to both arguments, but the most important thing is to know that it is easy to create a cryptocurrency, even without a background in programming — this has led to thousands of coins entering the space which offer little utility.
As a matter of security, this article should help you navigate the often deceptive tactics used to sell poorly-made or cloned cryptocurrencies. If you are using a hardware wallet like a Trezor Model T, you can protect yourself from having your coins stolen but it won’t stop you from buying and hoarding a coin with no inherent value. All new cryptocurrencies you come across should be thought of as shitcoins until they prove themselves otherwise.
