How to create a new wallet on a blockchain

0 votes

I am new to bitcoin and blockchain , and as a first step, want to create wallets for all kinds of coins, apart from bitcoin as well. Please tell me what service or Api am I supposed to interface with?

Apr 4, 2018 in Blockchain by Johnathon
• 9,090 points
1,121 views

1 answer to this question.

0 votes

Firstly, you need to have a clear understanding that bitcoin and blockchain are different concepts. 

  • Bitcoin is the first decentralized digital cryptocurrency
  • Blockchain is the technology underlying bitcoin that allows creation of decentralized networks.There are many implementations of blockchain apart from bitcoin- Ethereum, Hyperlegder, Multichain.
So, if you want to create your own cryptocurrency, I advise you to follow Ethereum's manual. https://www.ethereum.org/token. This will help you to understand Blockchain Technology better, and also how to create new wallets.
answered Apr 4, 2018 by Christine
• 15,790 points

Related Questions In Blockchain

+1 vote
1 answer
0 votes
1 answer

How to generate new address for blockchain wallet?

You can use the following to generate ...READ MORE

answered Jul 16, 2018 in Blockchain by digger
• 26,740 points
3,075 views
0 votes
1 answer
+1 vote
1 answer

Protocols used in a distributed/dlt system for the nodes to establish communication

yes all are over TCP/IP connections secured ...READ MORE

answered Aug 6, 2018 in Blockchain by aryya
• 7,450 points
1,151 views
0 votes
1 answer

Truffle tests not running after truffle init

This was a bug. They've fixed it. ...READ MORE

answered Sep 11, 2018 in Blockchain by Christine
• 15,790 points
1,708 views
0 votes
1 answer

Hyperledger Sawtooth vs Quorum in concurrency and speed Ask

Summary: Both should provide similar reliability of ...READ MORE

answered Sep 26, 2018 in IoT (Internet of Things) by Upasana
• 8,620 points
1,240 views
0 votes
1 answer

How can i create a simple P2P network on a blockchain?

To develop your own cryptocurrency, you need ...READ MORE

answered Apr 20, 2018 in Blockchain by Christine
• 15,790 points
1,744 views
0 votes
1 answer

How do transactions create a new block in Blockchain?

Bitcoin puts a cap of 2,400 transactions ...READ MORE

answered Aug 10, 2018 in Blockchain by Christine
• 15,790 points
1,522 views
webinar REGISTER FOR FREE WEBINAR X
REGISTER NOW
webinar_success Thank you for registering Join Edureka Meetup community for 100+ Free Webinars each month JOIN MEETUP GROUP