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
Any of the "X" coins is just a combination of different hash functions. In case of X11 its Sifcoin and Qubitcoin joined.
Sifcoin 6 hash (Blake, BMW, Groestl, JH, Keccak, Skein) +
Qubitcoin 5 hash (Luffa, Cubehash, Shavite, Simd, Echo)
Be creative and make your own combination then you can clam inventor of X2, X6, Xwhatever
or others:
Script-Chacha
Script-N
Scrypt Jane
NeoScript
ZR5
Cryptonight
Blake-256
M7