Advertisement
Published in:
2021 | OriginalPaper | Chapter
An Educational Guide to Creating Your Own Cryptocurrency
Authors : Paul Medeiros, Leonidas Deligiannidis
Published in: Advances in Software Engineering, Education, and e-Learning
Publisher: Springer International Publishing
Activate our intelligent search to find suitable subject content or patents.
Select sections of text to find matching patents with Artificial Intelligence. powered by
Select sections of text to find additional relevant content using AI-assisted search. powered by
Abstract
This work presents a comprehensive guide for students and developers who are interested in developing and experimenting with a blockchain technology for cryptocurrencies. Our work allows students to rapidly deploy a new cryptocurrency and provides an accessible way for users to process transactions and mine blocks. A new blockchain can be created using the source code of Litecoin alongside with the Microsoft Azure’s cloud service to deploy the requirements necessary for running the network associated with the blockchain. As Litecoin, we utilize scrypt as the “proof-of-work” algorithm. Built into the codebase for Litecoin, this computationally heavy algorithm is designed to ward off large-scale brute-force attacks, preventing criminals with strong hardware capabilities from bypassing the security measures of the algorithm. This article dives into the intricacies of the steps taken to deploy a new blockchain designed to be used for cryptocurrency.