How to Create a Cryptocurrency [Step by Step Guide]

How does cryptocurrency work? How to make a cryptocurrency? How to create my own cryptocurrency? All these questions must be popping in your head. Don’t worry we have the answers for them. Keep reading to get enlighted with knowledge of cryptocurrency and how to benefit your business from it.

Before answering the $100 billion question (the total valuation of Bitcoin) of how to create your own cryptocurrency, there are a few things you need to learn about the future of money.

What It Is A Cryptocurrency? Basic Definition

First of all for let’s go back to basics. What is a currency?

It is far more than just a banknote or coins. A currency is a unit of storage and account and a means of exсhаnge. In simple terms, it is a universally accepted way of buying or selling any goods or services.

In older times, when the barter system was in place anything from rice and grains to wool and even feathers would be considered a currency. Then came in banks to regularize this means of payment. That’s when they made coins and printed banknotes.

Now in the digital time and age, the coins and banknotes seem to become outdated. So came in a new form of currency, the cryptocurrency.

Now, What is Cryptocurrency?

It is just like a normal currency but in a digital platform and accepted universally unlike physical currencies that work only in a specific country. A single centralized platform does not bind cryptocurrencies.

What It Is A Cryptocurrency? Advance Description

Cryptocurrencies don’t have banknotes, but they do have coins. There is also one more term, Token in cryptocurrencies. People often get confused between a token and a coin.

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So What exactly is the difference between a Token and a Coin in Cryptocurrency?

The three main differences are:

  1. Coins are part of a single blockchain while tokens operate on the existing blockchains.
  2. Tokens are limited to a specific industry or community; coins can be used anywhere.
  3. Coins can buy tokens, but tokens can’t buy coins.

Let’s simplify using a real-life scenario. If you go to Starbucks regularly, then you may earn loyalty points for your frequent purchases. With these points, you can redeem a drink. These loyalty points are token that an establishment (in this case Starbucks) offers.

Now you can buy such loyalty points by giving money which in turn gives you free coffee. This money is the coin (in this case a real-life coin or bank note).

You can buy loyalty points using coins, but you can not get real money using loyalty points. So a crypto coin can be used to buy a business’s token, but you can’t buy a crypto coin using a token.

Starting a New Cryptocurrency: Is It Right for Your Business?

Now you have a fairly good idea what a cryptocurrency is and how it is used. Now comes the question, does your business actually need cryptocurrency? Just answer the questions below, and you will get a clear picture:

  • Will your business be on the internet?
  • Does your revenue come more from digital payments than hard cash?
  • Will an online payment option increase your userbase?
  • Do you plan to stay in business for more than a couple of years?

Okay, the last question was a rhetorical one. If the answer to all these questions is “yes” then your business needs a integrate cryptocurrency.

Benefits of building your Own Cryptocurrency:

  • Eliminate Fraud Risk
  • Transaction Anonymity
  • Lower Operational Costs
  • Immediate Transactions
  • Access To New Customer base
  • Security For Funds

How To Make A Cryptocurrency?

I believe now you are ready to create your own cryptocurrency. Without wasting any time let’s get straight to the step-by-step process to create and launch your own cryptocurrency.

Step 1. Choose a Consensus Mechanism

Consensus mechanisms are the protocols that consider a particular transaction legitimate and add to the block.

Step 2. Pick a Blockchain Platform.

The correct choice of blockchain platform for your business depends on the consensus mechanism you’ve selected. (I’ll mention the top blockchain platforms below for you to choose from)

Step 3. Design The Nodes

You have to decide the workings and functionality of your blockchain and design the nodes accordingly. For instance, will the permissions be private or public? The hosting will be on the cloud or on-premises, or both? What would be the required hardware details for the execution?

Step 4. Establish Blockchain’s Internal Architecture

Be sure about all the aspects before the launch as you won’t be able to change several parameters of the blockchain after it’s launched and running. The decisions could be as simple as what address format your blockchain will follow to providing exchanges between different cryptocurrencies without a 3rd party intermediary.

Step 5. Integrate APIs

Some platforms don’t provide pre-built APIs so make sure yours does. If it doesn’t still no need to worry, there are several 3rd party blockchain API providers like ChromaWay, Gem, Colu, Bitcore, BlockCypher, and Tierion.

Step 6: Design The Interface

Building a world-class cryptocurrency is of no use if your interface is not good. You need to make sure that the web, FTP servers, and external databases are of most recent and the front-end and back-end programming is done with the future upgrades in mind.

Step 7. Make Your Cryptocurrency Legal

Make sure that your cryptocurrency is prepared and abiding by the soon to become laws of international cryptocurrency regulations. This way your work is preserved and no sudden surprises can ruin your efforts in creating a new cryptocurrency.

Top Blockchain Platforms of The World:

  • Ethereum (Market Leader With 82.70% Shareholding)
  • Waves (WAVES)
  • Hyperledger Fabric
  • NEM
  • IBM blockchain
  • Nxt (NXT)
  • HydraChain
  • BlockStarter
  • BigChainDB
  • EOS
  • Quorum
  • IOTA
  • CoinList
  • MultiChain
  • Openchain
  • Chain Core

Best Cryptocurrencies That Made It Large: Success Stories

Bitcoin

Bitcoin has become the synonym of cryptocurrency so much that people use the word Bitcoin instead of Cryptocurrency.

Litecoin

Litecoin is often said the silver to Bitcoin’s gold. It is much similar to Bitcoin but has a faster block generation rate with faster transaction confirmation.

Ethereum

Ethereum is proud of the fact that it has provided a decentralized platform for smart contracts without any downtime, 3rd party interference, and fraud.

Final Word

Cryptocurrency is a very promising future in the glorious institution of currencies. If you plan to run a successful and growing business for a long future, you must start by putting the foundation for your own cryptocurrency in the present.

To create your own cryptocurrency like Bitcoin, you need a smart technology partner that has a good experience working with future technologies like these.

267 COMMENTS

  1. Hi… These blogs offer a lot of information about Crypto Development.Your blog is incredible. I am delighted with it. Thank you for sharing this wonderful post.

    • Quite an amazing guide, really. I’ve been wanting to do this but didn’t know how to start. Now, I feel a lot more confident to dive in after reading this. Thanks for such an enlightening post.

  2. Thanks for sharing this article! Article is nice. very informative.

    If you want to hire top rated Crypto Developers for Develope ICO development, STO development, IEO development, real estate tokenization, art tokenization, stable coin development, crowd funding platform, local Bitcoin clone, crypto payment development. We are a team of professional blockchain developers.

    Thanks

    • Dear Sir,
      I see your article. i like to Create my own cryptocurrency. Please contact me.
      I look forward tohearing from you.
      Best regards,

      • Simply read the blog. If youre unsure of the coding, i have a token already coded JavaScript, you only need change the name and a couple other obvious things to have your coin contracted and ready to set in motion. Im sure the admin/admins of this web page will be only to happy to assist you in your white paper.

        • Hello my name is Emmanuel and I want to thank you for taking your time to teach us. I am very interested. Can you email me: ([email protected]) with this token you have already coded JavaScript. Please and thank you. Happy holidays.

        • Hi john. Please share your crypto to develop java code. It is so exciting that we can become the owners of our own crypto!

        • Hi John, I am interested in the token already coded JS. If you could email me that information, I would highly appreciate it. Thanks!

        • Good evening John,

          I am currently part of a community run token that is stalled due to the fact that we don’t have control of the current contract! We are looking to start a new coin to help our members realize their goals! I would greatly appreciate if you would share your JavaScript with me so that we can move forward with our goals! As we are community drive we do not have the extra $$ to get this moving!

    • Dear Sir,
      I am looking to acquiring your service for my new venture to create new cryptocurrency
      my personal Tel/WhatsApp 972507122296
      Regards,
      Iddo
      Land Capital Ltd,

      • Good day Iddo, your company name has grabbed my attention here, I am looking into a crypto coin / token. I am wanting to develop land and construction in my home town of Cancun Mexico. I would be interested to now how this has ended up for you.
        Regards Paul, personal email is [email protected]

    • Hello,

      i am interested in the informations creating own crypto coin…

      how can i reach you..

      best regards,

      Manish

    • Would it be possible to create a coin that had a limit on how many coins each account can own? I’m thinking that would keep the big money at bay that always seems to rob all the little guys. Wouldn’t that be the true people’s coin? We can call it the whalers coin.

    • I run an edtech platform with about 1 million users. I am looking for creating our own cryptocurrency to reward our users.

      I would be happy to associate with individuals or organisations having their own Cryptocurrency, or having experience and expertise in developing cryptocurrency.

      Sadiq

  3. Stop worrying and start earning with your investment due to new decentralized banking system in the world of currencies.

  4. Thanks for sharing such a useful article here which helpful for crypto lovers who are all interested in cryptocurrency development.

    • i’m down – 10×000 coins per reward, .006 seconds to mine, $ is the symbol, and set specific amount of coins, until set specific amount of coins is reached, and it’ll be engraved in stone for all future $hit Coin Developers to remember.

  5. It actually is very informative. As i have mentioned to a couple of posters. The one thing you’re missing is the coding of the token you wish to create. I will see if admin mail me and i will be only to happy to have my code posted on this page. All the creator has to do is change the token name, amount, decimals etc etc Its pretty straight forward.

  6. Can you please send me other details what block chain and mechanism i should use for launching new crypto coin?
    I am a new enterprenur

  7. Hi dear john . Thank you for this interesting article.
    Im already building my coin , i would be happy if you give me some wise advices and guideness.

    I’ll be glad to hear from you
    Thank you dear.

  8. Hi John,
    Thanks for this incredible piece of information, for me it’s could be another step in understanding crypto more in-depth, it would be great to know more about the js token you were reffering to learn more about it 🙂

  9. to whom this may concern the team i work with would be very interested in hereing more about what is youre looking to do with what youve created.we have a really great idea for a coin i mean a great idea………

  10. We want to create our own ICO , please tell me the price and best company around that can help us out.
    Thanks for the info here mate, appreciated 😉

  11. Hi, John

    If your offer is open can I get your java script on my email as I am new beginner in creating a crypto coin and need your help in getting detailed information how to start a race

  12. I AM INTERESTED IN CREATING THE COIN KNOWN AS FLORP AND BRING IT INTO THIS MORTAL PLANE FOR YOU HUMANS TO ENJOY PLEASE INFORM ME OF THE DETAILS ON HOW TO CREATE DAT EPIC COIN!!! THAT WOULD BE PRETTY POGGERS ME LADY (TIPS FEDORA)

  13. Hello John, thank you for your open mind detail information on this subject. I am interested to create a platform from ground up. Already know what I want but need a whole lot of help on technical part. Would be very glad to hear and share my idea.
    Take care.
    hanif

  14. Can you share it with me? Also, is anyone interested in creating a cryptocurrency with me? In a great interface designer with a brilliant idea. Just need a support in the backend.

  15. See the live Bitcoin price. Convert amounts to or from USD (BTC to USD) and other currencies with this simple Bitcoin calculator.

  16. Hello brother ill be really greatful if we could talk about it in a little more detail , like i had a lot of questions. Please of you can , email me at [email protected] , ill be waiting , thanks a lot

  17. Watch in real-time of cryptocurrency prices, bitcoin, ethereum, litecoin and altcoins from major cryptocurrency exchanges…

  18. Great content, John! Thanks for ordering and aligning a lot of concepts that were sparsely located in our minds.

    If you don’t mind it would be of much help to take a look at your JS code as my team and I plan to create a new cryptocurrency to deal with our high inflationary national currency (Argentine peso).

    Your help would be much appreciated.

    Thanks!

  19. Please forward that JS code for starting a new coin. Thanks in advance if you get to it (you have alot of requests).

  20. I’d like sell the code which include JavaScript, source.sol etc for token. Easily to edit and replace your own cryptocurrency name. 2000 Dogecoin for all files. If anyone want to create their own cryptocurrency with my code please contact me.

  21. Hi John
    As I see everybody are interested in your JS code🙂 but I dont get it why?
    Doe s anybody who wants to create a CC needs a JS?

  22. Okay now I’m looking for partners who are good in technical terms and trustable .( You don’t need to invest anything just give me some technical support … I’ll take care of others)PS: don’t reply here …
    Reach me: @[email protected]

  23. Hi I am an IT and crypto coach.

    I sell the code and all the files to create easily new crypto.

    I can teach you how to do etc.. and how to add them into exchange plateform.

    How to do a good project also.

    I give also my skill to win money with the crypto.

    For the payment, only crypto.

    Contact me on : [email protected]
    And tell me the subjet (coaching, js files to create crypto easily, earn crypto system etc…..)

    Have a nice day.

    • And be careful with fake people who want sell or give for free code..

      Create a real new crypto with whitepaper and your own concept is a perfect process to follow. And i can coach you anything about it.
      So contact me, [email protected] with your needs. And we will find a solution for you very quickly.

      With my files, create a new real crypto (edit just some lines easily because my code is clearly), and you will have your crypto about to 1 or 2 days..

      1) give idea
      2) edit files
      3) test before deploy
      4) deploy
      5) enjoy 😉

  24. Hello John,

    If the offer of the JS for and ICO is still open it would be much appreciated. [email protected] Many thanks ahead of time and when profits comes of this you will be getting your reward. Be well

  25. I have very strange plan, how to get a lot of money, this plan is very confused, can kick out other cryptos, i just need, that someone help me with crypto manufacturing, it will be very excited job.

    Raimund

  26. Dear John,
    You’re reply has generated a lot of “dear John” letters on here. Wonder if I’d get the same reaction if I said I had a token almost ready for launch that I was willing to give away. This is a new niche as crypto is more widely accepted and more people look to capitalize off of it anyway possible. To anyone with experience in coding, creating coins or tokens, feel free to contact me as I have plans for creating a site to help people launch their coin/token without having to learn all the technicals or hire devs. I want to help streamline this process but will need more & more qualified people to do so. Thanks for the information on here and thanks in advance to anyone willing to join me & learn more about streamlining the process of launching new crypto for people and businesses.
    [email protected]

  27. Is your Js script still available, I’m interested we can work together if you don’t mind better still you can send the Js to me through email

  28. Hi John, I am interested in making my own crypto-currency, Please provide me with the required code to make changes for my own crypto-currency. Glad if you can share JS via mail at [email protected].
    Thanks

  29. Can we get in touch to see how I can work with you on the javascript code. I think this can be put onto github to open source it.

  30. Hi all,

    I’m sorry I was lil busy with some work so couldn’t reply back. However, I have communicated with few people personally and have sent the required files. It’s time to help more people. Here’s my email [email protected] shoot your email I’ll get back to you within 24 hours. Thanks

  31. I’m trying to determine if the non-profit organization I am involved with should develop their own cryptocurrency and how it can be used to their benefit. Can anyone help us with that?

  32. Hello,
    I want to create my own crypto currency to play any knows websites or companies can do this for me

  33. Hello there,
    This is a very nice piece of share made to the public. Indeed, everybody have the rights to create their own Crypto, but the only ones which sustains are those who has a very solid foundation, including the proper legal structure and other adaptability regulations. For instance, we as a company we have all our legals and structures prepared by our incorporator (RCPSECURE GLOBAL LLC). You will definitely need a strong base. Even if you create the best coins out there, in these days, without a planned structure which adheres to rules and regulations or even compliance, you won’t be able to do much. As a crypto trading company ourselves, we find it pretty hard for the public users to believe in just ANY coins if you are not following the proper rules. Though for sharing. Best. Ardoino. CTO. BFNX.

  34. The best currency to have is information.
    Crypto has been around since 1979 when I use to use my C-64 an a great program called phone man.
    Back when 2600hz could get you a free call to a cool BBS so you could download a war dialer, or hit up a few VBM’s, You know back when them 950 codes made free calls better then them 4800 codes.
    Yes!!!
    I’m the Great “Daggorath/TCH”
    I’m an old man now so I don’t do anything but help dumb people that seem smart to others. lolol
    This is what I will do. I will give you one link that may not help everyone on here but I’m 100% sure it will help some one a great deal. I’ll bless you with this link an in turn, you bless my BTC Account.
    It’s a trade of trust, crypto style…
    View site, and thank me after.
    Link to follow: { bitexchange.systems/create-cryptocurrency-service/ } – “link is https”
    Thank me here: { 1FXGy3GnSXthRb5XCobDsduy2L9ncBcXZk } Btc

  35. I have all the code and I can create a coin for you or walk you through how to create a Coin/Token. We can even make your very own DEX/Exchange if somebody wants me to show them how for a very small fee. My email is [email protected].

  36. We are doing taxes and other services. I am interesting to creat my own crypto with your help. Please email me the basis.

    Best,
    Jamal Kashour.

  37. I can teach anyone how to create their very own crypto token in less than a few hours of work for just a couple of bucks cost. If the offer with John does not end up exactly what you expected it would be… Just feel free to contact me. [email protected]

  38. Nice article.. john

    The best asset tokenization development company
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  39. Hello

    Everyone can creat me your coin very easily with the file which I am dropping here just change the required things

    Coin name
    Network for your coin
    Address format

    So the most important thing is how you market it 🙂 all the best

    Thanks

  40. Wow, John, you’ve clearly struck a chord with many people. I found your site last night after a young friend questioned a crypto currency that is asset backed.

    I would love to see your implementation if you are still sending things out.
    Thanks.

  41. Would it be possible to send me a copy of the JS code to create a coin myself and If I have any questions how can I get back to you

    Many thanks

    Paul Tideswell

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