How to make your own altcoin
Following up on Andreas Antonopoulos’ metaphor of cryptocurrencies as apps, Coingen would be like an automated app developer. 

Coingen has a beta version of its coinmaker, which you can see at coingen.io. It actually launched some months ago, but without the currency-as-an-app frame, a lot of people initially thought Coingen was just a scam

All you have to do on the site is input a few names, make a few choices, and pay anywhere from 0.05–0.2 BTC to launch your own altcoin. 

The purchase won’t include a build for OSX, at least at the moment. The builds also don’t contain a P2P network, pool or exchange; it’s just the coin. You’ll have to mine your own genesis block afterward. 

Coingen says the builds will be delivered within a half hour of receipt of payment. 

Here is a step-by-step guide to making your own altcoins: 

Step 1: Give Your Coin an Identity 

Let’s pretend you’re a grimy metalhead who has an equal love for 21st century currencies and 80s thrash metal. We’ll create a Bitcoin clone and call it AnthraxCoin as a tribute to your favorite band. 



Step 2: Choose Your Algorithm and Determine Scarcity 

You have two algorithm options: SHA256 and Scrypt. I kept the default settings for the block rate, the initial value per block and the halving rate, but you can input whatever values you like there.