Can I create my own cryptocurrency?

Sure! You don’t even need to be a programmer to create your own cryptocurrency. The open-source nature of crypto insurance makes it relatively easy.

How can you create your own cryptocurrency?

Many existing blockchain platforms can help you create your own cryptocurrency as a community coin, a joke, an actual solution to a real-world problem, or for any other reason. You can also then use your cryptocurrency to play casino games online, or have people on Bluechip bet. You can easily issue your own coin or token:

• Ethereum
• EOS
• Waves
• BitShares
• NEM
• Komodo
• Nxt
• TRON
• IOTA
• NEO
• Cardano
• Qtum

If your project is serious, prepare for more challenges. Maintaining a successful project is much more difficult than starting it. Maintenance may require further programming, teamwork, a network of computers, and investment in sales and marketing if you want your coin to be known and used.

If you don’t want to depend on one of these platforms or they don’t offer the functionality you need, you can try building your own blockchain from scratch.

Of course, the latter approach is much more complicated and requires thorough training, code/programming skills and a basic understanding of the technology.

What does it take to create a cryptocurrency?

In the case of platforms, often not much. They make creating a cryptocurrency as easy as filling out a web form: Just enter a name, how many coins you need and a few other details, and there you have it – your own cryptocurrency!

Most open source codes of existing blockchains can be found on GitHub. After you get a code, you can also make changes to it to ensure that it allows you to fulfill the purpose of your project.

Note that if you use an established blockchain, your coin will be more secure from the start and could benefit from additional built-in features.

If you are wondering how to create my own cryptocurrency from scratch”, this includes building a distributed ledger, which requires a lot of work. But it also gives you more freedom and control over your coin, your ledger and its functions. You can also choose to share one of the already existing open source blockchain projects by adapting some of its rules to your purpose.

However, you should keep in mind that forking a project does not copy the entire ecosystem and stakeholders along with the code. You need to figure out the incentives and create a working ecosystem to make it all work. Most new cryptocurrencies are basically worthless, especially if there is no one besides you to verify the transactions.

Companies that can create cryptocurrencies for you

The growing demand for blockchain-based services has triggered the growth of companies and services that create and manage distributed ledgers for others. Such companies are referred to as blockchain-as-a-service (BaaS) companies.

They offer different blockchain-oriented solutions for different business needs. Some of them can create a specialized blockchain for you, while others can propose their own infrastructure and related solutions.

Some of the most popular BaaS companies are:

• Amazon Web Services (AWS)
• Blockstream
• Chainzilla
• Chainmakers
• LeewayHertz
• Microsoft Azure
• IBM blockchain

If your project is serious, prepare for more challenges. Maintaining a successful project is much harder than starting it. Maintenance may require further programming, teamwork, a network of computers, and investment in sales and marketing if you want your coin to be known and used.