How to Create your Own Altcoin & Cryptocurrency?

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How to Create your Own Altcoin Cryptocurrency?
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Creation of a New Blockchain network

• The first and foremost step is the creation of a
  blockchain network
• Creating a blockchain framework will also give
  complete control over the coin code
• Through the blockchain system, you will be able
  to create your own altcoin right from the
  beginning allowing you to incorporate new,
  ingenious features of your very own
  cryptocurrency.

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Benefits of using this method

• You will have a number of options available for
  customizing your own coin to make it stand out.
• You will be able to choose the number of miners
  or minters based on the earnings according to
  proof of work/proof of stake rewards.
• Additional options such as choice of the block
  size, maximum coin supply and the rate of issuing
  new coins will always be under your control.

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Crafting a crypto-coin fork

• creating a fork will help you in implementing the
  already existing reliable open source code for
  your cryptocurrency
• In order to create a unique coin for this
  purpose, you can choose to use the code of your
  closest coin that has the necessary features you
  need and then enables the changes later to it.

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Benefits of using this method

• Launch your own version of cryptocurrency with a
  secure blockchain that will protect your data
  from external fraudulent attacks/errors such as
  double spending.
• Unrestricted access to a number of features such
  as built-in decentralized exchanges that will
  allow people to trade their cryptocurrencies for
  digital assets.
• Since one doesnt have to go through the long
  process of coding and developing, it will save a
  lot of time on your end.

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Tips assist you in moving further

• Focus on finding the unique selling proposition
  of your coin and how it will match with the
  communitys needs
• The development part should be precise.you must
  be aware of the choice of your language in
  advance before heading to the development part.
• Create a Prototype first.This will help the
  consumers and the community members to have a
  better clarity on your concept

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Tips assist you in moving further

• Express the vision and share the intentions of
  your coin. In this way, your miners will have an
  honest understanding of your idea which will make
  them stay as loyal customers for a longer time.
• Put yourself in a hackers place and try to
  search for loopholes and downfalls of your
  cryptocurrency. This will help you in
  strengthening your security of the framework.

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Conclusion

• As the cryptocurrency fever rises every year,
  several entrepreneurs and industry leaders have
  started releasing their own cryptocurrency.
• However, it should be known that most of these
  coins get discarded or crashed due to numerous
  reasons.
• But in reality, most of the big names in the
  cryptocurrency market are all heading for
  sustainability rather immediate profitability. If
  you have any further queries regarding create
  your own cryptocurrency.

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Touch with Blockchain App Factory
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