Post
Topic
Board Altcoin Discussion
Topic OP
What is the best algorithm to use for a new Altcoin?
by
x86cam
on 22/07/2015, 17:26:21 UTC
Hello everyone:

I'm a relatively young (16 year old) programmer, trying to push myself to learn new things (somewhat an inefficient programmer tbh).

For the past week, I've been attempting to create a new Altcoin to learn about cryptocurrency, which I thought it was ready, but turns out after I released it, the coin got mined through easily and people started running into issues. I was using SHA256 (since the only stuff I know how to make so far is Scrypt and SHA256). Also, it was the old Bitcoin release ( 0.8.0 ), so it had issues there.

I'm still learning this whole cryptocurrency deal, trying to figure out how to code more efficiently for these, so please excuse my noobish questions:

What would be the best algorithm to use for a new Altcoin?

The list of algorithms I've heard of so far:
  • SHA256
  • Scrypt
  • X11
  • X13
  • X15
  • Lyra2RE