Development of altcoins

Altcoin projects can be started very quickly from a coding point of view by simply forking the Bitcoin or another coin's source code, but this probably is not enough. When a new coin project is started, several things need to be considered to ensure a successful launch and the coin's longevity. Usually, the code base is written in C++, as was the case with Bitcoin, but almost any language can be used to develop coin projects; for example, Golang or Rust.

Writing code or forking the code for an existing coin is the easy part. The challenging issue is how to start a new currency so that investors and users can be attracted to it.

From a technical point of view, in the case of forking the code of another coin, for example, Bitcoin, there are various parameters that can be changed to effectively create a new coin. These parameters are required to be tweaked or introduced in order to create a new coin. These parameters can include, but are...