Duniter

Generally speaking, Bitcoin and similar solutions that have quickly followed in its wake have opened up a new era in finances in which money is made by people for the people. Duniter is a daring new application that takes this process one step further by allowing you to create your own cryptocurrency.

The installation is quick, straightforward and does not require any special attention on your part. Once you launch the application you are required to set up your node that should be able to be online as a P2P entity.  You will be happy to learn that the utility provides you with local and remote options in this sense and you can access the Automatic Configuration function, in case you do not manage by yourself.

Considering that the application is still under development and is available as open source, you should know that you can find a vast documentation about the principles behind it, namely about how the Web of Trust and the Relative Theory of Money work.

The highlight of the program stems from the fact that you can generate your own cryptocurrency outside the central banking monopoly. It is important to note that the initial parameters of the currency should be carefully selected, as you cannot modify them later on.

First off, you need to specify the way the new monetary units are created and provide your currency with a name. It is recommended that you go through the Web of Trust settings and Blockchain to find out more about the rules on how you free money is generated.

In spite of the fact that it is still in its development phase, Duniter comes with several powerful features, an intuitive interface and easy configuration system. If the idea of creating monetary units within a community appeals to you, perhaps you can consider giving this tool a try.