There’s been countless amounts of blockchains created, and currently running on the internet within the past few years. With the amount of different blockchains there are, you’d think that they’re either incredibly easy to make, or there’s a lot of people making them. So, which is it, and what defines what a blockchain is? What’s the difference between a successful one, and a failed one?
I had these questions too, and thankfully DreadedZombie(lead developer of MYNT) came to my rescue. Here’s my one-on-one interview, that led me to a proper understanding regarding all the questions above, and more.
Sid: “Is it easy to make a coin?”
Dread: “It’s not “Easy” as in going in to say, go make a cup of coffee… It’s easy like… Going and finding the coffee beans, drying them out, finding a used grinder, making the grounds, finding a used coffee maker, cleaning it out…. Putting in your amateur coffee blend and hoping for the best.
For people with knowledge of how to read code, it’s slightly easier than most… But there are a ton of parameters you need to figure out. Even then… You’re never done.”
Sid: “How long would you say it takes, to create a blockchain/coin?”
Dread: “Well it really depends on you knowledge of being able to read code. I would barely consider myself a dev (even though I’ve done enough haha), but more of a code hacker… I like to play with code. Of course over the span of like… 2 years i learned A TON… but going into a project knowing a bit… it could be anywhere from a few days to a few months depending on your knowledge, money and resources.
I also overestimate everybody’s computer knowledge, so it may be way harder than I’m describing.”
Sid: “Is there ever a time where development is no longer needed for a blockchain? Or is it a constant effort of maintenance?”
Dread: “Well, from being from a team of 2 people… It’s an everyday, every minute thing for me personally. It’s basically become my second job that I pay into. I’m sure coins with bigger teams and communities have much less maintenance because they have more people to organize everything and keep everything running. For me, it’s literally just me right now. Handling the coding, the server maintenance, and whatever else you can think of. This is why when some of my coins things go down it takes a little bit longer than the normal coin to repair haha.”
Sid: “What defines the difference between a good, and a bad coin?”
Sid: “How many existing coins would you say are actually what you’d consider a “good coin”. How rare is it to find a coin that’s properly taken care of?”
Dread: “It’s hard to tell exactly because of all the shilling that goes on. I guess when it comes down to it, for me, is how much do these guys sound like a car salesman… I found a few coins by accident that turned out to be really good coins. With the boom of crypto in the last few years it has become a pool of mush with all of the coins being released, even mine. So I can’t really give you a number… but it really really comes down to personal research and how you feel about that coins… unless you’re a risk taker. Always follow along with development, all the socials, etc.”
At this point, I had figured I’d consumed enough of his time and I ought to leave him to do whatever he had been doing prior. I wrapped up with the following:
Sid: “Awesome, I appreciate your time.”
Dread: “Thanks man, now I’ve gotta fix the block explorer.”
It’s not easy to create a blockchain. It can take anywhere between two months to two years, before a real base model is implemented… And that’s suggesting you already have programming knowledge.
If you wish for the coin to be successful and flourish, you’re going to need constant development, and an uninterruptible supply of money, time, and motivation/support.
When it comes down to filtering through all the good-coins, and shit-coins, there’s only a few major things that you need to look out for… What they forked from, if there was a pre-mine/ICO, and if they’re actively developing/perfecting the blockchain, all while maintaining an efficient social media presence.