Simple way to issue coins

Do you want to issue a coin? How to choose a coin issuing platform? Do I need to have programming skills to issue coins?

To issue coins, first choose the public chain. There are several reference indicators for choosing a public chain.

The first thing to consider is the popularity. Of course, the more famous the better. Well-known, represents a good user base, and many users have wallets. The user has the wallet of the public chain, and you issue tokens on the chain, the user accepts it with less resistance. So the best choice is the top public chains by market value.

The public chain with the highest market value ranks. The on-chain coin issuing protocols are widely used: ETH, BCH, and Trx etc. BTC has the Omni protocol to issue coins, but because of the need for difficult programming capabilities, there are few other tokens except the usdt-omni version.

The second is to consider that the miner's fee is cheaper. Save money, this is easy to understand. For sending token transactions, the miner fee is generally higher than the base currency of the main chain. As high as the BTC miner fee, it is not suitable.

The token issue itself generally only consumes some miners' fees, and the sending and receiving after the creation of tokens only consumes the miners' fees. Generally speaking, tokens will not consume any other expenses.

The third is to consider the difficulty and flexibility of issuing coins. Chains with smart contracts like ETH and EOS are very flexible, and you can build tokens with various characteristics, such as on-chain lock function, on-chain ICO, etc. But relatively speaking, it requires programming ability.

Bitcoin factions without smart contracts, such as BTC's omni protocol and BCH's SLP protocol, have poor flexibility, and the coins you issue are not programmable. Issuing coins using BCH's SLP protocol is very easy to operate and will be done by individuals. Choose according to needs and personal abilities. The omni protocol of BTC is too difficult. Except for usdt, it is rarely used by others.

If you want to issue a coin with a chain lock function, omni and slp are difficult to do and have poor flexibility. ETH-ERC20 is easy.

The fourth is to look at security. The security mentioned here does not refer to a systematic disaster such as a 51% attack on the chain. I'm referring to whether the tokens you issued will have security holes.

Is the coin issuance protocol you choose safe? Ethereum is issued through smart contracts, which are verified by a very wide range of security. You issued a bug on Ethereum, you should blame your code first, not the Ethereum platform. Similar to Ethereum, many public chains with smart contracts can easily issue coins by writing contracts.

There is the Omni protocol on BTC and the extensive verification of USDT-omni. It should be the most widely used and oldest token, so it is very safe.

There is an SLP protocol on BCH, and security verification is not as long as Ethereum, but it also has more than two years of running time, and security should be no problem.

Choose a coin issuing agreement, and then whether your coin issuing tool is safe. Like Ethereum's smart contract issuance, consider whether there is any loophole in the contract code you wrote. BTC's Omni protocol is also to write code. BCH's SLP protocol does not need to write code, it is very simple, and the security mainly depends on the SLP protocol itself.

The fifth is to see the user experience, mainly the block confirmation time. Like ETH and EOS, the block confirmation time is short and the user experience is good. The BCH block has a long confirmation time, and because of low computing power and large time interval volatility, the user experience is poor.

The sixth is to see if there is any support for decentralized exchanges. The decentralized transactions of ETH and EOS have done very well and can be easily accessed.

But in fact, I think that most of the tokens have no added value on the exchange, just rely on point-to-point circulation.

Relatively speaking, based on the above considerations, if you have a programming foundation, you will write smart contracts, or you can follow the online tutorials to copy the code step by step, and you can give priority to the Ethereum-ERC20 protocol. If you have no programming foundation, you can choose the BCH-SLP protocol.