Why Not Create Your Own Cryptocurrency !

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For me, I could never understand the dollar and the euro, and I will never think of making my paper currency. Simply put, paper money is complicated and controlled by many factors, but is it the same for the digital currency ?? If you are interested in cryptocurrency, we have good news for you, so you can create your own digital currency in a simpler way than you can imagine !! So is it time to launch your bitcoin !!

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What is the difference between digital currencies ??

In the beginning we have to understand the difference between the cryptocurrencies themselves, although they seem similar from the outside for us as consumers, but these currencies differ in many matters, there are some digital currencies such as bitcoin and litecoin have their own structure based on blockchain technology, However, there are many tokens that are built on prefabricated digital structures, such as ethereum.

While digital currencies like bitcoin have their own and reliable structures, other currencies rely on another electronic layer for their digital tasks and transactions, so it became circulated that independent cryptocurrencies such as bitcoin are used to transfer money and wealth from one place to another. As for digital currencies that depend on ethereum for example are used In order to create smart digital contracts!

The basic idea about creating digital currencies is that the code is open source but you have to adjust it to suit your needs. Here are the steps for creating your own digital currencies.

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Create a digital currency from scratch? Or based on existing technology?

From the start, you should decide what to do if you want to build your own currency, build your own blockchain technology, and reinvent the wheels again!

It is available but requires very much knowledge in software and application making, and it can take a lot of time to develop the required algorithms and determine the mechanism of work. Or, you can take a ready-made structure like a light queen or Bitcoin structure from the popular Github site, tweak these structures and launch your new crypto.

Although there are educational courses to guide you through this process, in the end we are not sure that you will get a fully functional currency using these methods. In addition to the importance of knowing the basics of programming to know where to make the adjustments and what modifications you will make.
Why Not Create Your Own Cryptocurrency !

How to make my own cryptocurrency

Using one of the ready platforms is the most suitable option for ordinary people who do not want to enter the software corridors, as the platform will do everything, and all you have to do is specify the name of the digital currency and define the logo of the currency and provide some basic information and will deliver you your digital currency ready for a certain amount of money .

Creating a digital currency does not mean just using it in financial transactions only, it is like issuing your entry cards to the cinema or amusement park, so with your Token version you can define the tasks and areas in which this currency can be used, as if you actually use it as entry cards to an amusement park (if you have One), or you can be a smart contract as an alternative to paper contracts, and you can even create a token without real value or a serious goal other than exchanging between friends. This is considered one of the fastest, simplest and cheapest solutions compared to creating a coin from the start because it does not take the time and effort to build a new blockchain and maintain and preview it gradually but rather depends on the technology already used in Bitcoin or Ethereum.

And if you feel curious about trying symbolic contracts, start with ERC-20, where you can distribute it to your friends, then you can for example contract with a shopping center or even a small grocery store to accept dealing as a method of payment, and from here the value of your business begins to increase with the increase in demand for it and the increase in the number of entities that Accept it as a transaction. There is no financial value to be paid or a binding obligation that prompts you to try it, but this will help you to understand the technical and programmatic aspect as well as knowing how tokens work.

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Is that all??

If you want to move forward in creating a real value digital currency for a broader audience of miners, sellers and buyers and you do not have sufficient programming experience, you need a specialized programmatic team to complete this task and even if you use the platforms ready to launch the currency you need developers who are developing the service provided By you.

Creating and launching digital currency is not the hard part of the process, perhaps one of the simplest things! But the real effort lies in giving that digital currency or token a real value in a market full of thousands of digital currencies issued every day, marketing to it, persuading others to buy and invest in it, and also persuading the miners and talking about your digital currency whenever you have the opportunity to highlight its advantages.

If you are thinking about a serious business in this field, there should be a group of programmers and teams around you who will help and guide users to present your digital currency in the best way to maintain your service, and if you wish to succeed and be the next strong currency owner, you should pay attention to the smallest details, how much we have heard about digital currencies that have failed Soon after launching, you definitely don't want to be a loser on your new business.

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