How to launch your own cryptocurrency and why do it?

Ways to create your own cryptocurrency

Nowadays, virtually any company or individual can create and launch their cryptocurrency. There are many tutorials on the Internet on how to create your own cryptocurrency. However, even just studying them requires basic coding knowledge and skills, as well as a qualitative understanding of the blockchain process.

What are the benefits for a business?

The biggest advantage is financial flexibility. No third party can track and interfere with any of your financial transactions. You can develop and customize your cryptocurrency according to the requirements of your business.

  • Satoshi Nakamoto, the creator of Bitcoin, is the most mysterious person in the cryptocurrency industry. Indeed, not only does no one know who it is — if it is one person or a group of developers, but the very existence of this legendary figure has often been questioned.
  • Vitalik Buterin, the founder of Ethereum, the second-largest digital currency in the world in terms of capitalization. Blockchain appeared in his life in 2011, and by 2013 he had already realized the shortcomings of Bitcoin. This gave him the idea to create his own unique cryptocurrency platform, and by 2014 he had funded and launched his Ethereum project through an online sale.
  • Charlie Lee, creator of Litecoin, the third cryptocurrency ever created. A talented programmer and scientist from Japan, Lee worked as a developer at Google before creating Litecoin. He learned about blockchain in 2011 by reading an article on bitcoin. He became deeply interested in the innovative technology and immediately bought one bitcoin for 30 dollars. That same year, in October 2011, Lee created an open-source cryptographic protocol Litecoin, one of the first by-products of Altcoin, and also got a job at the largest exchange, Coinbase. In the summer of 2017, Charlie Lee left Coinbase and focused entirely on developing Litecoin.
  • David A. Marcus, director of Libra and former president of PayPal. Libra is a new cryptocurrency developed by Facebook and other companies. Libra is arguably one of the most controversial blockchain projects out there, and opinions are divided. Some view the Facebook initiative as a threat to the anonymity and decentralization of the blockchain, while others see it as a long-awaited breakthrough for the technology.

And finally

Popular resources for creating digital currency:

  • Wallet Builders is a company that provides paid services for creating cryptocurrencies.
  • Fondu is a builder that lets users create basic ERC20 tokens for free.

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Cratos Official

Cratos Official

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Cratos is a licensed and regulated in the EU crypto exchange service