Name: Ethereum: Decentralize private currencies with one of the OS-monopolies
Introduction
Private currencies, also known as decentralized or digital currencies, have received considerable attention in recent years. One of the most promising platforms for private currency creation is Ethereum, a Blockchain-based platform that can create and present their programs on a decentralized network. In this article, we will examine whether it is possible to create a private individual currency using Bitcoin software.
What is private currency?
Private currency, also known as digital assets or cryptocurrency, is an exchange medium that operates independently of central banks and governments. It is usually issued by one unit, such as a person, a company or a government agency that controls the delivery and distribution of currency.
Is it possible to use Bitcoin software for private currencies?
Yes, Bitcoin software can be used to create a private currency. In fact, several developers have successfully created private currencies using the Ethereum intellectual contract.
Creating a private currency with one currency with Bitcoin software
To create a private currency with one development with Bitcoin software, you need to do the following:
- ** Set the Ethereum account.
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- Create a new intellectual contract : Use an Ethereum creation environment to create a new intellectual contract that is essentially a natural program on Blockchain. You can use any programming language including Solid, JavaScript or C ++.
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Ethereum intellectual contract functions
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The Ethereum intellectual contract function is designed to carry out decentralized programs (DApp) operating with its Blockchain. This means that in your intellectual contracts you can create a complex logic and rules without relying on central authorities or brokers.
Example: Private currency with one permit with Bitcoin software
Let’s consider a simple example of a private currency with a choice. Let’s call it “neustrom”. Newcurrency uses Bitcoin as the main property and has an issuer who is the creator. Here is an overview of how you can implement it:
- Create a new intellectual contract with this code:
`Solidarity
Pragma solidity ^0.8.0;
Income under the contract {
// Define the properties of private currency
Touch public issues;
UINT256 public proposal;
Map formation (address => Uint256) public credit;
// Mint Monts Function (Create New NCU)
Functions Mint (address _issuer, Uint256 _mount) public {
Require (_amount> 0, “quantity must be greater than zero”);
Demand (_issuer! = address (0), “issuer cannot be standard address”);
// Update the remaining amount of coin issuer and a Mint
Balances [_issuer] += _amount;
}
// Function to burn coins (remove excess coins)
Function Burning (address _issuer, Uint256 _mount) public {
Require (_amount> 0, “quantity must be greater than zero”);
Demand (_issuer! = address (0), “issuer cannot be standard address”);
// Update the remaining amount of issuer and burn coins
Balances [_issuer] -= _amount;
}
// Function to redeem coins (return excess coin excess)
Functional withdrawal (address _issuer, Uint256 _mount) public {
Require (_amount> 0, “quantity must be greater than zero”);
Query (_issuer!