Solve the mystery behind Bitcoin and create your own Cryptocurrency

Digital transactions and digital currencies have taken the spotlight in the recent years. Customers prefer cashless transactions over hard cash and this has opened new avenues to new technology: Cryptocurrency, that has grown into a juggernaut keeping financial gurus on their toes. What first started as a simple concept of having transactions but would function virtually. Since its inception it has gone through many iterations to what it is now. It is more notable for its security and fame that it has created for itself. In the last year, the value of Bitcoin increased to 400% and was around $968.23 and it is estimated to cross $10,000 at one point of time. This has spawned a swarm of cryptocurrencies like Ethereum, Ripple, Dash, Litecoin and much more. The factors which affected people into creating their own cryptocurrency is the security, independent of any government or any agency, no impact of inflation or no third party involvement.

Create your own Cryptocurrency


Cryptocurrency is not quantum physics reserved only for the elite. All we need is a set of code to initiate the process. There are some rules to adhere by while creating cryptocurrency.

Research and look for the community that will be interested in your cryptocurrency

Search for a community that will benefit the most from your cryptocurrency and if the following is more, then it is the right time for you to create your cryptocurrency. The available GitHub set of code will prove your cryptocurrency is legal and people can find it secured. Decide on whether the cryptocurrency will be similar to Bitcoin or that you are creating a new cryptocurrency altogether.

Look into whitepaper creation and ICO marketing

Now that you have decided to take the plunge in the creation of cryptocurrency, then invest in a good cryptocurrency development company to create your idea into a whitepaper and explain your idea of cryptocurrency in Whitepaper. This whitepaper will allow potential investors to fund your venture in cryptocurrency. You can set the crowdfunding goal and let the investors read your whitepaper to know about your goals of creating the cryptocurrency. After reaching the goals of crowdfunding, you can market your ICO with the best of marketing strategy.

Discover the market to spend the cryptocurrency

Spread the word about your cryptocurrency by hiring some miners. Your cryptocurrency should offer something more than other bitcoin and Altcoins. Build some trust factor with people who are coming to use your cryptocurrency. Next establish a proper marketplace where your customers can buy and spend the cryptocoin. Set your sights on the global market so that your cryptocoin will have more visibility.

Create an Universal Wallet

Your customer have started to use your cryptocoin and would like to store the coins in a safe place so that they can be exchanged or spent upon. A universal wallet can be created for your customers so that they can use your cryptocoin with more ease. Also take up valuable reviews, tips and feedback on your cryptocurrency from customers so that you can patch up some flaws and also built trust factor with your customers.

Conclusion

Cryptocurrency may be considered as an hype or bubble, but there is a billion dollar industry revolving around it. To get a clearer idea of how this all works and how to reach a Pinnacle of cryptocoins, come see Blockchain App Factory Pioneers in the field of cryptocurrency and ICO development can guide you through various steps involving the development of a cryptocurrency. Our panel of experts along with infallible features and services can help you gain that stronghold in the market of cryptocurrency.

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