Create your Own Cryptocurrency

Create your Own Cryptocurrency
Ways to Create a
custom
Cryptocurrency

05
01
Table of contents
Create a New
Blockchain
How to Make a
Cryptocurrency?
04
Use an Existing
Platform
03
Fork an Existing
Blockchain
02
Takeaway

Create a New
Blockchain
Creating a new blockchain from scratch
01

Fork an Existing Blockchain
 Creating a new blockchain from scratch takes substantial coding
skills and is, by far, for Cryptocurrency coin development the most
difficult way to create a cryptocurrency.
 There are online crypto coin developer courses that help walk you
through the process, but they assume a certain level of knowledge
about it already.
 Even then, you might not walk away with everything you need for
Cryptocurrency coin development

Fork an Existing
Blockchain
02

Fork an Existing Blockchain
 Forking an existing blockchain might be a lot quicker and less
complicated for Cryptocurrency coin development than creating one
from scratch.
 This would involve taking the open source code, altering it, then
launching a new coin with a different name.
 This process still requires the creator to understand how to modify
the existing code.
 A good coin development company will do wonders in forking for
efficient business

Use an Existing
Platform
03

Use an Existing Platform
 The third and easiest option for those unfamiliar with coding is
making a new digital coin token on an existing platform like
Ethereum.
 If you’re not familiar with writing code, you might consider
Cryptocurrency Coin Development Services that do the technical
work and then hands you a finished product.

How to Make a
Cryptocurrency?
04

How to Make a Cryptocurrency?
 After considering everything above, you can start taking the steps
to create crypto coin.
 Even then, anyone undertaking the project should be familiar with
these aspects of how to create crypto coin.

Step 1. Decide on a Consensus Mechanism
 A consensus mechanism is a smart protocol that determines whether or not
the network will consider or process a particular transaction.
 All the nodes have to confirm a transaction process for it to complete. This is
also called as “achieving consensus.”
 You will need a mechanism to check how the nodes will go about doing this.
 Bitcoin’s proof-of-work is the first consensus mechanism and Proof-of-
Stake is the next popular consensus mechanism. There are many more of it
as well.

Step 2. Choose a Blockchain
 A coin or token needs a blockchain environment to exist.
 The blockchain choice will depend on your level of technical skill, your
comfort level, and your project goals.

Step 3. Create the Nodes
 Nodes are the backbone of any distributed ledger technology or DLT,
including blockchains.
 As a cryptocurrency creator, you must determine your node's
function and permission.

Step 4. Build the Blockchain Architecture
 Before launching the coin, crypto coin developers from a top coin
development company will be 100% certain about all the
functionality of the blockchain and the design of its nodes.

Step 5. Integrate APIs
 Making sure that a newly created cryptocurrency has APIs
integrated to make it stand out and increase adoption.
 There are also many third-party blockchain API providers or crypto
coin developer who can assist with this step.

Step 6. Design the Interface
 The web servers and file transfer protocol (FTP) servers should be
the latest and the programming on both the front and backends
should be built with the future developer updates in mind.

Step 7. Make the Cryptocurrency Legal
 Failing to consider this step will be a trouble for many who initiated or promoted ICOs
back in the year 2017 and 2018.
 At that time, cryptocurrency was in a kind of legally shaded, and they may not have
realized that creating or promoting Cryptocurrency Coin Development Services could
result in fines or criminal charges depending on the circumstances.
 Before launching a new coin, it might be a good idea to research the laws, rules and
regulations surrounding securities offerings and related topics.
 Given the complexity of the issues and their regular updates, you might consider hiring
a good coin development company expertise in the area to help guide you through this
step.

Takeaway
05

Step 7. Make the Cryptocurrency Legal
 In addition to the technical aspects, creators of a new cryptocurrency will have to
figure out how it can provide value to others, how to persuade someone to buy it, and
how the network will be maintained.
 Doing so often involves many costs like hiring a coin development company, a
marketing team, and other people who will help keep things going and perform needed
upgrades.
 Shamla tech excels with all the development procedures, marketing and launching
solutions to power up your new coin. talk to the experts now for more insights on
custom services within your budget.

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Do you have any questions?
info@shamlatech.com
+(203) 446-3590| www.shamlatech.com

Create your Own Cryptocurrency

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