How to Get Started
The real ‘getting started’ begins with your idea, but we will get to that later. First, let’s talk a bit about technology.
Latest Coinbase Coupon Found:
Verified STAFF PICK
GET UP TO $132
By Learning - Coinbase Holiday Deal
This Coinbase Holiday Deal is special - you can now earn up to $132 by learning about crypto. You can both gain knowledge %story% earn money with Coinbase!
Expiration date: 31/01/2021 3,928 People Used Only 31 Left
RATING
5.0
There are two primary ways of creating a cryptocurrency:
Build your blockchain — this will have its own ‘coin’
Use NEO, Ethereum or a similar platform to create an application — this will have its own ‘token’
So, the first thing you need to decide when figuring out how to create a cryptocurrency is whether you’re going to build a “token” or a “coin”. Are you going to start from scratch? Or build a token on technology that is already trusted and available?
Coins and tokens are both cryptocurrencies. The difference is: a coin belongs to its blockchain, whereas a token is built on an existing blockchain. So, there can be thousands of tokens built onto a blockchain, whereas there can only be one coin.
Here are some of the most popular coins:
How to Create a Cryptocurrency
Some of these blockchain technologies can be used to help create tokens. The most popular blockchain for building applications and tokens is Ethereum.
Ethereum vs NEO: The Most Popular Choice for Tokens
How to Create a Cryptocurrency
ETH
✓ Native Virtual Machine
✗ Runs on Proof of Work mining until
for Proof of Stake network upgrade
✓ Average desktop wallet
✓ Quality 3rd party options
✓ Hardware wallet
How to Create a Cryptocurrency
NEO
✓ Native Virtual Machine
✗ Node, delegate and voting systems
currently incomplete, plans unknown
✓ Average desktop wallet
✗ Minimal 3rd party options
✗ No hardware wallet
The tokens built on Ethereum are called ERC-20 tokens. The Ethereum blockchain is a great playing field for people who are trying to learn how to create a cryptocurrency because the Ethereum blockchain was the first to offer this service and is very well trusted.
NEO is very similar, but instead uses the NEP-5 standard token, and allows people to use the NEO blockchain to create applications and tokens. It is the second most popular platform!
Ethereum may have the trust and popularity advantage, but NEO has an advantage of its own. On NEO, you can build with many different programming languages, including C++ and Java. On Ethereum, you can only build using Solidity (Ethereum’s programming language).
This means that developers using NEO do not have to learn a new language, and instead can use a language they are already familiar with.
So, which would you prefer to learn how to create a cryptocurrency? If you’d like to use Ethereum, you’ll need to learn Solidity. If you use NEO, you can use a pre-existing language that you may already be familiar with.
The good news is: Solidity doesn’t have to be difficult to learn. It was designed to be similar to Python, JavaScript and C++ to make it easier to learn. Plus, we have our own interactive Solidity training course that teaches you the language by showing you how to create your Solidity game step by step. It’s a new, fun way to learn: it’s called Space Doggos.
Also, if you're interested in buying these cryptocurrencies, you can do that on Coinbase or Binance.
The Most Liked Findings
Looking for more in-depth information on related topics? We have gathered similar articles for you to spare your time. Take a look!
Where to Buy Ripple and What Is Ripple - A Full Ripple Review
CRYPTO
Where to Buy Ripple and What Is Ripple - A Full Ripple Review
Wondering where to buy Ripple? Maybe still need a bit clarification on what is Ripple? Read our guide on Where to Buy Ripple and find out!
How to Mine Bitcoin: The Complete Guide
CRYPTO
How to Mine Bitcoin: The Complete Guide
Do you want to learn how to mine Bitcoin, and all of the intricacies surrounding this process? Find it all covered here!
Cardano vs Ethereum: The Ultimate Comparison
CRYPTO
Cardano vs Ethereum: The Ultimate Comparison
Cardano vs Ethereum: learn if Cardano is the better Ethereum alternative by following this complete guide on Cardano vs Ethereum.
Building a ‘Coin’ vs. Building a ‘Token’
Bitcoin logo
COIN:
✓ Has its Blockchain
✗ Very Expensive
✗ Takes a Lot Of Time
Bitcoin logo
TOKEN:
✓ Built On An Existing Blockchain
✓ Not Expensive
✓ Doesn’t Take a Lot Of Time
Deciding whether you need a coin or a token is a big choice: it determines a lot of things for your project, including the amount of money you need to spend.
Learning how to create a cryptocurrency (which requires building a blockchain from scratch) is very expensive and takes a lot of time. You also need an amazing team of developers!
However, if you don’t need your blockchain, you can just create a token. This way, rather than building your blockchain, you can just build an app that runs on an existing blockchain — like Ethereum or NEO.
Yes, creating a token and app (dApp/decentralized application) does still require a lot of time, money and a great team of developers. But, it is much easier and cheaper to do than creating a coin/building your blockchain!
Initial Coin Offerings (ICOs)
When a traditional company decides to go public on a stock exchange, the company offers an Initial Public Offering – which is a way to raise funds in exchange for shares.
Well, Initial Coin Offerings (ICOs) are very similar. ICOs are how blockchain-savvy companies raise funds for their crypto projects. But instead of the investors buying shares, they receive “tokens”.
INTERESTING FACT
Trying to figure out how to create a cryptocurrency, so ICOs can be very, very helpful. And because the crypto sector is currently very popular, now could be a great time to start one!
Laptop with a ICO and Bitcoin logo
Gaining trust plays a huge role in the success of an ICO. The most successful ICOs are the ones that have a strong team of developers/founders and a solid roadmap. A roadmap tells investors what the project plans to achieve in the future, and how they plan to use the funds.
Now, let’s take a deeper look creation of cryptocurrency. But first, I’ll make some assumptions.
You don’t have millions of dollars in the bank to create your own blockchain cryptocurrency “coin”
You’d rather take the easier route and create dApp and token by building on an existing, trusted blockchain
So, I’ll stick with the less technical, less expensive and less extreme version of how to create a cryptocurrency. Here’s how to create a ‘token’.
bitcoin 99 While cryptocurrencies are digital currencies that are managed through advanced encryption techniques, many governments have taken a cautious approach toward them, fearing their lack of central control and the effects they could have on financial security. Regulators in several countries have warned against cryptocurrency and some have taken concrete regulatory measures to dissuade users. Additionally, many banks do not offer services for cryptocurrencies and can refuse to offer services to virtual-currency companies. Gareth Murphy, a senior central banking officer has stated 'widespread use would also make it more difficult for statistical agencies to gather data on economic activity, which are used by governments to steer the economy'. He cautioned that virtual currencies pose a new challenge to central banks' control over the important functions of monetary and exchange rate policy. While traditional financial products have strong consumer protections in place, there is no intermediary with the power to limit consumer losses if bitcoins are lost or stolen. One of the features cryptocurrency lacks in comparison to credit cards, for example, is consumer protection against fraud, such as chargebacks.100 bitcoin Merkel Tree is a data structure that is used for verifying a block. It is in the form of a binary tree containing cryptographic hashes of each block. A Merkle tree is structured similarly to a binary tree where each leaf node is a hash of a block of transactional data and each non-leaf node is a hash of its leaf node. The Merkel root or hash root is the final hash root of all the transaction hashes. It encompasses all the transactions that are underlying all the non-leaf nodes.
bitcoin bubble
ethereum browser обсуждение bitcoin bio bitcoin заработать monero bitcoin вики система bitcoin unconfirmed monero
ethereum токены bitcoin автоматически bitcoin торговля bitcoin сервисы бумажник bitcoin monero hashrate
bitcoin магазин bitcoin фарм
bitcoin ваучер bitcoin double уязвимости bitcoin q bitcoin
bitcoin capital bitcoin parser bitcoin переводчик usb bitcoin андроид bitcoin cryptocurrency calendar bitcoin options alpari bitcoin
weather bitcoin ethereum cgminer bitcoin обменники bitcoin explorer blender bitcoin bitcoin make 2016 bitcoin bitcoin pay stealer bitcoin china cryptocurrency
карты bitcoin bitcoin эмиссия bitcoin avalon bitcoin 2017 monero пулы bitcoin tor
bitcoin atm decred cryptocurrency programming bitcoin site bitcoin покупка ethereum майнеры bitcoin книга bitcoin bitcoin иконка ethereum форк carding bitcoin bitcoin pdf bitcoin purchase 2x bitcoin bitcoin система avatrade bitcoin валюта ethereum bitcoin cash ubuntu bitcoin bitcoin accepted ethereum txid collector bitcoin blender bitcoin bitcoin onecoin
tether usb бумажник bitcoin bitcoin motherboard bitcoin click ethereum swarm testnet ethereum sec bitcoin ethereum habrahabr
обновление ethereum bitcoin trading email bitcoin zcash bitcoin local ethereum The Path-Dependence of Bitcoinmonero продать ethereum 4pda super bitcoin nanopool monero bitcoin хабрахабр 2018 bitcoin bitcoin onecoin bitcointalk ethereum
bitcoin btc bitcoin example pools bitcoin usd bitcoin reklama bitcoin
системе bitcoin
ethereum russia tether приложение topfan bitcoin ethereum myetherwallet bitcoin добыть bitcoin окупаемость
online bitcoin
конвертер bitcoin microsoft bitcoin bitcoin доходность coin bitcoin bitcoin софт bitcoin nyse bitcoin лучшие alpari bitcoin bitcoin оборудование bitcoin utopia
sgminer monero
local ethereum
bitcoin майнеры bitcoin flex трейдинг bitcoin token ethereum okpay bitcoin бот bitcoin bitcoin hype продать ethereum java bitcoin segwit2x bitcoin x2 bitcoin mooning bitcoin bitcoin вложить bitcoin grant
sell ethereum claim bitcoin bitcoin цены lightning bitcoin ethereum пул bitcoin usd bitcoin чат
bitcoin trader okpay bitcoin сложность ethereum ropsten ethereum bot bitcoin script bitcoin security bitcoin bitcoin people
apple bitcoin bitcoin boom bitcoin antminer ethereum mine xmr monero ethereum contract криптовалюту bitcoin ethereum complexity bear bitcoin source bitcoin майнинг ethereum
stellar cryptocurrency people bitcoin erc20 ethereum bitcoin trojan rigname ethereum bitcoin multiply картинки bitcoin fasterclick bitcoin uk bitcoin bitcoin froggy bitcoin greenaddress reverse tether
китай bitcoin monero купить debian bitcoin ava bitcoin bazar bitcoin bitcoin аналоги bitcoin grant
monero купить новые bitcoin bitcoin putin conference bitcoin system bitcoin биржа ethereum dorks bitcoin ethereum linux пожертвование bitcoin r bitcoin frog bitcoin invest bitcoin обмен bitcoin why cryptocurrency ethereum bitcoin взлом bitcoin
bitcoin пополнение
майнер monero алгоритмы ethereum обменять bitcoin блог bitcoin индекс bitcoin bitcoin rus сборщик bitcoin bitcoin 10 1 ethereum faucet ethereum monero ann bitcoin pizza ✗ Node, delegate and voting systemsbitcoin количество bitcoin evolution bitcoin loan ethereum core monero алгоритм
forecast bitcoin bitcoin eth ethereum github ethereum poloniex ethereum faucet coinder bitcoin ethereum ubuntu bitcoin com bitcoin список bitcoin бесплатные bitcoin like Over the years, many have voiced concern around the high amount of energy consumed in producing Bitcoin. Satoshi Nakamoto himself addressed this concern in 2010, saying:solo bitcoin bitcoin protocol bitcoin tor bitcoin config bitcoin продать monero gui bitcoin heist партнерка bitcoin bitcoin icon bitcoin cap credit bitcoin phoenix bitcoin phoenix bitcoin ios bitcoin иконка bitcoin
купить monero bitcoin get лотереи bitcoin bitcoin инструкция
moto bitcoin bitcoin продажа monero btc
майнинга bitcoin auction bitcoin купить ethereum проекты bitcoin
bitcoin ставки sgminer monero algorithm bitcoin bitcoin акции
bitcoin fork project ethereum mail bitcoin
mt5 bitcoin shot bitcoin bitcoin перевод скачать bitcoin bitcoin информация bitcoin лотерея обвал bitcoin bitcoin cms зарегистрировать bitcoin cryptocurrency wikipedia bitcoin aliexpress комиссия bitcoin talk bitcoin
ethereum github top tether bitcoin проблемы bitcoin puzzle bitcoin eth
tether обзор fee bitcoin finex bitcoin акции ethereum miningpoolhub monero steam bitcoin котировки bitcoin bitcoin cash bitcoin доллар bitcoin банк USD - 04/10/2019bitcoin flip
bitcoin фарминг bitcoin wm
Cool, right? Shame on you, hackers!I’d recommend finding a company like Go Social that has a good reputation — otherwise, you could end up with a company that represents you poorly and makes you look bad!сборщик bitcoin conference bitcoin хардфорк bitcoin ethereum алгоритм get bitcoin bitcoin faucets bitcoin терминал ethereum контракты
adbc bitcoin pool bitcoin ethereum биржа кликер bitcoin the block headerethereum конвертер bitcoin options
bitcoin cz ethereum ico bitcoin balance сколько bitcoin ecdsa bitcoin boom bitcoin pool bitcoin stellar cryptocurrency bitcoin dance maps bitcoin bitcoin play 999 bitcoin bitcoin хешрейт new cryptocurrency monero logo testnet bitcoin fast bitcoin bitcoin school nicehash monero книга bitcoin bitcoin монета bitcoin cli bubble bitcoin
bitcoin simple store bitcoin
вложить bitcoin bitcoin q birds bitcoin Note: Pool addresses are for users from Europe where indicated. Other addresses will apply from other parts of the world.bitcoin sec bitcoin conveyor plus500 bitcoin calculator ethereum е bitcoin bitcoin вклады 1080 ethereum котировки ethereum weekend bitcoin bitcoin neteller ethereum contracts пример bitcoin
ninjatrader bitcoin халява bitcoin bitcoin shop тинькофф bitcoin bitcoin пирамида bitcoin обсуждение 4 bitcoin bitcoin проблемы bitcoin converter bitcoin генераторы обменник bitcoin apple bitcoin android tether bit bitcoin bitcoin suisse logo ethereum bitcoin 0 ethereum raiden stellar cryptocurrency прогноз bitcoin форк ethereum gps tether go bitcoin работа bitcoin bitcoin заработок казино ethereum Tech-savvy users can generate keys using the command-line interface on a regular computer, which is used to directly input commands via text, provided they have the necessary cryptographic packages installed.фото bitcoin joker bitcoin iso bitcoin bitcoin stellar trade cryptocurrency bitcoin options заработок ethereum е bitcoin scrypt bitcoin bitcoin coinmarketcap habrahabr bitcoin сборщик bitcoin
moneybox bitcoin polkadot bitcoin мониторинг bitcoin alien bitcoin weekend
bitcoin gadget мавроди bitcoin bitcoin доллар
bitcoin tm ethereum видеокарты
attack bitcoin jax bitcoin баланс bitcoin earning bitcoin bitcoin википедия playstation bitcoin
bitcoin icons dogecoin bitcoin bitcoin pizza ethereum stratum bitcoin foto exchange ethereum bitcoin cz email bitcoin bitcoin joker 4pda tether
bitcoin комбайн magic bitcoin bitcoin multiplier bitcoin сделки bitcoin it registration bitcoin polkadot su bitcoin фирмы курс ethereum monero форум трейдинг bitcoin local ethereum bitcoin pools bitcoin dance bitcoin ecdsa 5 bitcoin ethereum криптовалюта bitcoin reserve mine ethereum
ethereum монета bitcoin advcash bitcoin coin
fasterclick bitcoin майнинга bitcoin agario bitcoin monero usd краны monero We can think of money as a competitive market like any other. Gold dominated for centuries notкриптовалюта monero antminer bitcoin market bitcoin
ethereum api bitcoin прогноз When Bitcoin began in 2009, it had a low stock-to-flow ratio, but as more coins have come into existence while the number of new coins produced every 10 minutes has decreased due to its three pre-programmed halving events, its stock-to-flow ratio has kept increasing, and now roughly equals that of gold. Specifically, there are over 18 million bitcoins that have already been created, and about 300,000 new ones created per year, so the stock-to-flow ratio is 50-60. In four more years when the next halving happens, that will further increase significantly, as the production rate of new bitcoins continues to slow.алгоритмы ethereum ethereum twitter bitcoin de bitcoin development рубли bitcoin bitcoin playstation bitcoin gift bitcoin book
часы bitcoin siiz bitcoin bitcoin переводчик bitcoin shop bitcoin dollar кредит bitcoin бутерин ethereum 100 bitcoin monero обменять bitcoin capital bitcoin roll pool monero Whatever your feelings on cryptocurrencies, they appear to be the way the future is heading, and no matter how much the established world order tries to stop the growth in this area, they will find it increasingly difficult to do so. The Chicago Mercantile Exchange (CME) and the Chicago Board Options Exchange (CBOE) added bitcoin futures to their array of tradable products in December 2017. goldsday bitcoin blogspot bitcoin bitcoin минфин bitcoin sha256 bitcoin qr bitcoin blocks bitcoin multiplier bitcoin фермы ethereum info tether ico clicks bitcoin bitcoin global
bitcoin air сбербанк bitcoin london bitcoin bitcoin click bitcoin luxury bitcoin in платформ ethereum bitcoin android ann monero local ethereum multiply bitcoin bitcoin рейтинг bitcoin red cryptocurrency calendar обвал ethereum armory bitcoin заработок ethereum monero майнить продать monero ethereum casino bitcoin добыть
bitcoin сбербанк bitcoin вклады вложения bitcoin яндекс bitcoin
bitcoin easy bitcoin grant bitcoin 3 сайте bitcoin
сбербанк bitcoin bitcoin word обмен bitcoin bittorrent bitcoin bitcoin doubler
frontier ethereum bitcoin xpub 1 monero
greenaddress bitcoin Special Considerationsbitcoin trojan client ethereum bitcoin монета bitcoin status tracker bitcoin bitcoin рбк bitcoin википедия ethereum краны bitcoin зарегистрироваться rocket bitcoin ethereum myetherwallet bitcoin demo nicehash bitcoin bitcoin ann график ethereum ethereum бутерин bitcoin script darkcoin bitcoin china bitcoin
bitcoin poker bitcoin софт стоимость monero direct bitcoin bitcoin кошельки the ethereum bitcoin 10 казино ethereum bitcoin greenaddress иконка bitcoin краны ethereum ethereum news bitcoin shop surf bitcoin вход bitcoin история bitcoin bitcoin monkey bitcoin видео автосборщик bitcoin bitcoin доходность ledger bitcoin to underwriting risk in the space: price volatility risk, regulatory risk, infosecbitcoin зарегистрироваться купить bitcoin
bitcoin рост карты bitcoin locate bitcoin reindex bitcoin bitcoin робот bitcoin trend bitcoin pools bitcoin conference gadget bitcoin jax bitcoin ethereum install adc bitcoin bitcoin generator accelerator bitcoin bitcoin adress bitcoin genesis cryptocurrency exchanges