Quick shortcuts to create your own cryptocurrency - Know the loopholes of reaching success!
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In the digital era, every hardware is made into invisible software that can bring food, provisions, appliances and much more at your doorsteps. Even finding the life partner has become easy-breezy with software, but how far it works is in fortune hands!! AI, Blockchain, Cryptocurrencies, AR and much more to come on the way of our tech world.
Many digital giant sectors like Amazon, Shopify, Microsoft, OkCupid, Overstock has started accepting payments in popular cryptocurrencies like BTC, ETH, LTC, Tether, Bitcoin Cash and others. If you’re planning to launch your own cryptocurrency to the world, then you must be picking up these steps intellectually with futuristic vision!
Create or Pick your Blockchain Platform
Cryptocurrency transactions are recorded and verified on the blockchain network. Hence, it’s the primary process to choose your blockchain framework wisely. You can create your own blockchain framework or clone the existing blockchain network that is closer enough to your expectations.
You can clone the existing blockchain framework and add valuable features like maximizing the data block space, coin supply, miners, and much more. The successful first step is halfway done!
Pick the fork code for cryptocurrency
You can start crafting your own cryptocurrency with the underlying blockchain technology. Creating the entire code right from scratch could be a hectic task. Instead, you can fork the closely related existing cryptocurrency open-source code from the network. For creating splendid, futuristic features in your cryptocurrency you can head towards a cryptocurrency development company!
Target smaller communities for the testimonial
You can’t expect the entire world to accept your cryptocurrency soon after the launch. You can tie up with a smaller community of people who are capable of a bounty program to resolve the bugs in your crypto coins. Once the crypto coins are flawless and the world is thriving for, it reaches people faster!
Get Ready with your MVP before ICO sale
ICO crowdfunding technique helps crypto creators than other sectors. ICOs not only serve as a fundraising technique but also become a better trade mechanism that can create a demand for your upcoming cryptocurrency.
For successful ICO, promising whitepaper and MVP are the key features. You can attract the investors with MVP than just collaterals. MVP drives leads and clarity among your community.
Design a consensus mechanism with miners
Miners are the accountants who approve your crypto coin transactions. Attract them at the earliest by designing a proper consensus mechanism with them. Your crypto coin must serve the crypto community for its own purpose. The best community of crypto miners can prevent hacks and fraudulent activities happening in the blockchain network. So, praise the miners with a better rewarding system.
Become a fraudster and avoid hacks
Be it an emblem of honesty, it must have another side to escape from threats. Think like a hacker and try to testimony your cryptocurrency through possible loopholes to steal them. Build a perfect cryptocurrency that is free from hackers!
You can even try hiring a dedicated hacker for testimonials!
Take-off your business with your own money!
By now, you’d have got a clear picture to design the process of creating your own cryptocurrency. You can attract the global audience with crypto payments. Money is not created with value, but the value is brought from its potential and circulation!
Why can’t you create such a digital cryptocurrency that has much potential and value in this futuristic era? Let the world utilize your own crypto coins!