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How can create something like Bitcoin?

If you would like to create a crypto-currency like Bitcoin, some of the possible ways include -

  1. Create an alt-coin or colored coin on top of Bitcoin Blockchain
  2. Create a digitial currency on Ethereum - developers claim you can create one in as many as 14 lines of code
  3. Create another public Blockchain for a Bitcoin like digital currency

If you would like to create a Bitcoin like blockchain, some of the possible ways are -
a. Clone Bitcoin - it is open source and can be easily copied
b. Clone or create your own Ethereum Blockchain - again open source
c. There are other blockchains in Open Source space that you can 'learn' from and create a Blockchain on your own

Since this is open source and there is a huge amount of written material on Internet, it is easy to do so. However, the real challenge is in getting people to accept and use what you do. In a PoW based digital currency or Blockchain, you need to have people to mine blocks. In PoS based digital currency or Blockchain, you will again need to have people to mine. There are other protocols for securing Digital currency and / or Blockchain that you can use, however wider acceptability by people is the biggest challenge.

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