With the debut of Bitcoin in 2009, many people have become interested in learning how to create their own cryptocurrency. From curiosity to the desire to challenge the market for this type of coin, there are several reasons why people might be interested in creating one.
How to create my cryptocurrency? Although it seems difficult to answer, since mining Bitcoin and other cryptocurrencies is supposed to be the task of programmers and cryptography experts, you will learn how to build a cryptocurrency in the following article. After reading this tutorial, you may in the future no longer “deal” with DOGE price, BTC price, and others. You may be trading the price of your own cryptocurrency!
Creating a cryptocurrency with blockchain and being able to create a cryptocurrency is no longer just exclusive to expert crypto programmers. Nowadays, following a tutorial on how to create cryptocurrencies, almost anyone can start mining cryptocurrencies without being programming experts.
From the tutorial how to create my cryptocurrency with blockchain, you can have your own cryptocurrency through an easy, direct and simple process and create a digital currency, and launch your own blockchain, as well as mine the genesis block, and set up a wallet. to mine cryptocurrencies as in bitcoin mining. Another aspect that you can learn to create is a node in a VPS (Virtual Private Server) for the cryptocurrency to trade.
Tutorial how to create cryptocurrencies with blockchain
There is no single way to create a cryptocurrency, since you can create it manually like Satoshi Nakamoto like Bitcoin or create it based on the services to create blockchains automatically.
There are various platforms when it comes to creating Blockchains, such as Wallet Builders since they can create Blockchain at no cost. As well as having accessories, including access to the wallet for Windows and Linux at no cost. In addition to its easy, fast and simple way to create cryptocurrencies. When paying, you will have to choose between the payment plans with Bitcoins.
Step 1 (Set Blockchain type)
First, they must access the website of the platform in this case www.walletbuilders.com / then complete the data: e-mail (to receive the link to download the wallet and the information of the created cryptocurrency) / Purchase Type (Free) / Algorithm/Type (Scrypt PoW).
After having chosen the free or paid plan, it includes: one month of free hosting for the Node (if it is free, it offers 5 days) and, being able to include a cryptocurrency icon, in addition to other tools.
Another aspect when creating a cryptocurrency is choosing the type of algorithm that they will use in the blockchain, such as the Scrypt Pow algorithm.
Step 2 (Set up Blockchain to create the cryptocurrency)
To create a cryptocurrency, they must choose the name of the cryptocurrency, as well as the letter or starting number of the public addresses. Abbreviation of the cryptocurrency such as Bitcoin whose abbreviation is (BTC).
Which Phrase will appear in the genesis block. This phrase works for posterity and that allows to demonstrate that the first block at a certain time date/month/year.
Step 3 (Set up coins in circulation and rewards to miners)
As a first section, introduce the reward for mining a block that the miners will receive / in the second section, configure how many blocks the halving will occur (reduce the reward by half) / in another section, introduce the maximum coins that can circulate after all the cryptocurrencies are mined (in the free plan they can be up to 21,000,000). Basically, prices such as BTC price, SOL price, and so on are more or less determined by the availability of coins to be mined.
Step 4 (Advanced Blockchain Settings)
The application has a secure configuration and allows you to modify certain default aspects such as:
In the “Coinbase maturity” section, it is possible to modify the amount of cryptocurrencies obtained after mining a block, they can choose how many cryptocurrencies they can spend after x number of confirmations.
The second section is about the number of confirmations that must exist for the transaction to be valid.
In the other sections they allow to improve the performance of the Blockchain.
Step 5 (Set Icon)
In the 5th step you can configure the icon, although available for those who have chosen the payment option. If you chose the free version it will not be necessary. They should wait for an email with the Wallet download link similar to the Bitcoin wallet.
So…are you now interested in making your own cypto?