How To Make A New Altcoin [Santacoin]

Santacoin is a forward thinking cryptocurrency airdropped to the inhabitants of santa coin town. There are many new features being planned by its development team including smart contracts, game theory and Eigentrust reputation systems for increased privacy.

These new features are completely optional for users but available in future Santacoin implementations.

Santacoin will be a new cryptocurrency built upon the foundations of Bitcoin and the latest innovations that come from Overstock’s technical team. The goal for Santacoin is to make an altcoin that comes with all the features Bitcoin has, but improved upon in every aspect.

Santacoin is a scrypt based Proof-of-Work cryptocurrency that uses Scrypt-Adaptive-Nfactor for mining, an advanced cryptographic random algorithm to verify transactions and generate the blockchain. Santacoin was introduced on the bitcointalk.org forum on the 25th of May, 2014 by a developer nicknamed SmileyBaron.

December 9th, 2014 was the launch of the 3rd version of santacoin which started off on more than 40 exchanges and had a peak marketcap of over 3.2 million dollars.

Santacoin is the world’s first “Store Value Coin”, a coin whose value depends on being able to purchase goods at a discount. The purpose of this coin is to provide increased trust, fungibility and guaranteed purchasing power. Santacoin’s marketing campaign will begin on June 27th.

Features include a unique method of acquiring new users through charitable giveaways.

Santacoin is a new altcoin starting at block 0.0.0.4! It’s main features include an extremely low coin generation rate, a good looking logo/website and very fast transaction times.

With the introduction of new Altcoins bringing more and more Scrypt enabled miners to the market how do we compete, what can we do better? Announcing our brand new Altcoin: Santacoin. On a complete overhaul of the code-base, premined at a simple rate of 1:100000 with lite clients and a GUI wallet.

Featuring a 10% premine for network development, new address format and specific transaction messaging for all transactions.

What is Santacoin? Santacoin is a new cryptocurrency based on Bitcoin technology. It is intended to be used as a medium of exchange for commerce and trade on the internet and has a wide range of uses from integration into games to web-based wallets.

This tutorial will show you how to create a new, custom Altcoin on the internet. Santacoin is an experimental crypto-currency that enables instant payments to anyone in the world (for free) and runs completely decentralized without any central bank or single administrator.

Santacoin is a new type of cryptocurrency based on the scrypt hashing algorithm. It was created on the 12th January 2014 due to a Reddit contest for creating a new altcoin. Santacoin has an in-built pump and dump prevention system and a distributed DNS seed node hosting network, ensuring resilience against 51 % attacks.

This technical whitepaper is intended for anyone willing to read, understand and potentially rebuild the entire cryptocurrency. It will be an easy explanation and walk-through, showing you how we improved upon a lot of AltCoin practices.

This guide is designed to educate users on the process of creating a new altcoin. At the end, you will have a working altcoin based on an existing codebase and be able to contribute and help further its development!

The ultimate guide to creating your own Altcoin and launching it for success.

#Santa_coin #BSC #Binance #BTC #C_z #Shiba #evergrow #cryptomoonshots #busd @cryptosyntax #binance #christmas #bitcoin

Fore More Information

Website Twitter Telegram Announcement

Creator Article:

Bitcointalk Username: Alessandro Martinez

BitcoinTalk Profile URL: https://bitcointalk.org/index.php?action=profile;u=3397979

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store