Has anyone here thought of developing their own Cryptocurrency . Right now there are so many cryptocurrencies in the market with different algorithms some are based on Sha 256 , and some based on scrypt , X11 , X13 and so on .
If we consider the no of complexities that are involved in making of the physical dollar bills it is very clear that y most of the people don't start using the digital phenomena and making such a currency is damn easy with a few basic coding skills but apart from that there are certain initiatives too which one needs to make after developing a coin which are as follows
- Marketing the currency
- Code to sustain various attacks in the long run
3)Promoting it at various merchant outlets - Look for miners
- Finally the most important factor Global acceptance
Once a Developer looks into this aspects the coin can gain great popularity and can be used worldwide
When you look at the complexities that go into making a physical dollar bill it’s plain to see why most people don’t start trying to print a new form of currency every day, but making a new digital currency is surprisingly easy for someone with even basic coding skills. But coding isn’t the only step to getting your digital currency off the ground