You can create a cryptocurrency yourself or with the help of professionals. You will need special software to make your code a unique product. In addition to the creation process itself, you need to draw up a business plan and calculate the risks
Digital money is not under government control. This is one of the most democratic and independent units. It is distinguished by decentralization, reliable security system, high price. All transactions are carried out anonymously, without the participation of intermediaries. Therefore, the question often arises as to whether it is possible to create a cryptocurrency on your own.
Features and conditions of creation
Today this can be done, but you need to be ready for long-term work. Virtual currency is created if:
- there is a project within which a special type of currency is used for mutual settlements;
- there was a desire to get investments for a start-up by issuing their own tokens;
- you are interested in the process of obtaining cryptocurrency itself;
- if you want to make money selling cryptocurrency.
You will need a computer with Internet access and the ability to process huge streams of information. Be prepared for the fact that the creation process will take you quite a lot of time. It is easier to cope with the task for people with initial programming skills, since they will have to work with a digital code.
Stages of cryptocurrency creation
First, choose a service. Most of the existing types are forks of bitcoin. They are created on the basis of the BTK cryptographic code. It is easier for beginners to use ready-made solutions. There are free online sites for open source projects. You just have to choose the most perspective view.
The next step is to download the appropriate code. Each digital currency requires a base cryptographic code. It allows you to upload the source to your repository. After downloading, carefully examine your computer settings. It should contain the libraries required for the software to work correctly.
It remains to come up with a name for the new money and edit the code. The base values you downloaded are cryptocurrencies. Now it needs to be made original. To do this, replace the name of the base currency in the code with your own. This is done using special software.
Remains:
- configure network ports through which transactions will pass;
- start generating crypto money in blockchains;
- change image icons.
The creator himself determines how much money the miner will receive for calculating a block, sets the limits for creating blocks. You can come up with a logo or a picture for your finished product yourself or entrust the development to a professional.
In conclusion, we note: there are resources that offer the creation of a turnkey currency. Such sites are not only engaged in development, but also enter the stock exchange. For digital money to be profitable, it is necessary to develop a business plan, take into account various risks and analyze the prospects for crypto money.
