How to Create a Cryptocurrency: A Step by Step Guide
Sure, Bitcoin, Ethereum, Litecoin, Ripple, and the other top digital currencies are cool, but don't you sometimes think they fall short of your own personal hopes and dreams? Don't you just wish there was a digital currency designed just for you? Well, you'll be happy to hear that this is entirely possible. All you need is a little knowledge and determination. Creating your own cryptocurrency is actually somewhat easy. Here's how to do it.
CREATE A COMMUNITY FOR YOUR CRYPTOCURRENCY
You would think that the first step in creating your own cryptocurrency would be to dive in and start coding, but that's the wrong way to approach this. First, you must build a community around your digital currency. You can't just build it first and then expect a line of people outside just itching to use it. Some popular tokens like Bitcoin started out this way, but today, you want to get your community excited and involved in your unique individual mission.
CODING YOUR CRYPTOCURRENCY
Now for the easy part. Yeah, that's right. Coding your cryptocurrency is actually not that hard. There is a reason for this. Almost every digital currency you see out there is based on the open source code from Bitcoin. Anyone with a computer can find it on GitHub. After that, you need to have a working knowledge of C++ to tweak it and add your own features to it all. If you have no coding experience whatsoever, then perhaps creating your own coin is not the thing to do right now.
GET SOME CRYPTOCURRENCY MINERS
Alright, now that you have your community on board and your coin in the works, it's time to put your plan into action. Spread the good word on your coin to raise awareness. Hopefully, it will catch the attention of some miners who see some value in it and share your ideas. Keep in mind that the digital currencies that succeed come from an honest background. Don't oversell your coin with fancy marketing lingo. Just go out there and tell the truth while respecting people. Solid communication and effective team-building will ultimately decide the fate of your coin.
Of course, there is much more to making a digital currency, but it can't be summed up in one article. So, if you want to explore this topic and a whole lot more in detail, head over to YouToken.io today.