Is it possible to create your own cryptocurrency, with minimal programming skills?
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Every day new cryptocurrencies appear in the world. Some of them are interesting and may actually bring something new into the modern world economy, but many of them are nothing but an ordinary way of cheating users. Despite this, creating your own cryptocurrency is not only profitable, but also more than realistic, even if you are not a programmer-prodigy! However, it is not easy.

Difference of token from koin

To create your own cryptocurrency, you need to understand the difference between a token and a coin. Coins operate on their own blockchain, however, tokens work on top of existing infrastructure, such as Ethereum. A blockchain is a record of transactions that are protected by a network. Because of this, the coines have their own independent transactional registers, and the tokens are based on network technology to verify and ensure the security of operations. From this we can conclude that coin, in most cases, are used to transfer financial savings, while tokens use more functions – they represent the company’s shares, reflect the value of a particular platform, and are also digital obligations for real goods and services.

Tokens are often released as part of the crowdsale – ICO. In exchange for existing Coin, whose main purpose is to finance the project, you can get tokens after the last ICO round. Also, investors have the opportunity to buy coins, using the base (fiat) currency. Today, everyone can create their own token, for this all you need is to start the crowdsale. The result of the simplicity of creating your own cryptocurrency are risky ICO, in which the creators take investments and leave the project.

SEC – Securities Commission, is trying to bring this process under control, thereby creating an infrastructure in which tokens will be used as securities that should be regulated. SEC warns investors about acquiring tokens from dubious ICOs. Despite the fact that the cryptocurrency market is currently too volatile, experts believe that it will eventually stabilize due to the large number of people who will accept this idea.

How to create your own blockchain or fork a existing cryptocurrency?

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These methods require a lot of technical knowledge or the help of an experienced developer programmer. Since Coins are based on the blockchain, first you need to create your own blockchain, or take an existing one and adjust it to a new Coin.

Creating your own blockchain requires serious programming skills. Today, there are a large number of textbooks for step-by-step creation of a blockchain on the Internet, but this requires a certain level of knowledge, and if you do everything correctly, you still will not have a fully functioning coin.

But there is another option – to fork the existing blockchain. To do this, open source code is taken, which can be found in Github-Litecoin, changes are made and the blockchain is launched under a new name. The creator is required to have a clear plan of action, an understanding of the code and the presence of the designated project goals.

Coin or token launch using a cryptocurrency creation platform

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This is a great option for ordinary users who are not developers: the whole range of tasks is performed for the user – technical work is done, after which the token or coin is delivered back. Cryptofile creates a simple token, for this you must enter the parameters – the logo, the number of coins for signing the block. The standard price of this service is 0.25 BTC, for which you receive the source code of your token in just a couple of days.

Walletbuilders create tokens for just 0.01 BTC and they have a free test version.

Creating a token is possible with or without a public ICO. Anyone can create a token that has no real value or goal. It is much easier and more convenient to create a koin, because it does not take time and effort to support the blockchain.

To create a real value coin for a wider audience that can be mined / sold / bought, but you don’t have programming experience, then you need the help of developers.

Create your own cryptocurrency – just

Technical issues in creating cryptocurrencies are not the most difficult part of launching digital cash. The main problem lies in presenting your coin, its value, as well as managing the project and convincing others to purchase it. Today, a lot of cryptocurrency projects do not end in success and the main reason for this is the lack of a quality ICO, the purpose of which is to create

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Will it stay up? Or come crashing down?

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What We Think

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