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Topic
Board Project Development
Re: What is the best way to create a new crypto currency?
by
BTRIC
on 17/02/2018, 01:01:04 UTC
Quote
2)  I want this currency to have a fixed circulating supply.  Does this mean that my coin should not be mineable?  (I don't really know how mining works).  Any recommendations?
Tokens developed on any platform are non-mineable. I think that answers your question - you are developing a crypto "on a platform" so thats not mineable. However I am not really sure if this is 100% correct.

I believe I have seen mineable ERC20 tokens on the Ethereum blockchain.

Yes, I have, here's an article I remember reading: https://lightrains.com/blogs/how-to-create-mineable-erc20-tokens

I don't know about mineability on other chains.  Seems like there would be major downsides to a minable token that has a dependency on an underlying currency.

Best regards,
Ben