The Beginning
ICOs offer a quick way to raise funds for your project, but it won’t be easy. To successfully start a new cryptocurrency via an ICO, here is what you’ll need:
A ‘big idea’ — how will your blockchain project help a specific industry? What problem will it solve?
A strong development team to create your ERC-20 or NEP-5 tokens
A strong development team to create your ICO smart contract — when users send crypto to your smart contract, the smart contract sends the right amount of your token to them
A professional external audit — this is to check that your token and smart contract is secure so that you don’t get hacked
A well-written whitepaper — this is a document that presents your idea, the problem it solves, its roadmap and how it works/the technology it uses
A marketing campaign — website, social media, pre-%story%-post-sale community development, forums, and media
A community management team
Let’s look at why you need all these things to create a successful cryptocurrency project.
The Big Idea of How to Create a Cryptocurrency
This is the center of your project! You need to think about how your dApp will help in the industry you’re targeting. Are you planning to remove a current middleman (like a bank or a broker)? Are you looking to solve real-world problems (such as poverty or lack of education)?
You need to think about a real problem and how blockchain technology can solve it. If your project has no real benefit, then why will anyone want to invest or use it? If you want to create value, you must add value.
Here are some industries that might get your brain flowing with ideas: File Storage, Content Services, Insurance, Marketing Peer-to-Peer Communications, Finance, Medical and Energy/Electricity. All of these industries can be helped massively using blockchain technology via dApps.
Compare Crypto Exchanges Side by Side With Others
Did you know?
Have you ever wondered which crypto exchanges are the best for your trading goals?
The Development Team
One of the biggest parts of how to create a cryptocurrency is choosing the right developer(s) for your token and smart contract can be the difference between success and failure. You must be very careful and choose a developer that you can trust to do a good job.
The idea is the first key factor, but it’s useless without a good team. You need a talented team to help bring your idea to life! I would recommend only hiring people with years of experience working with blockchain technology.
To make the contacts you need, you should aim to become more involved in the blockchain community. I suggest going to blockchain events, connecting with new people and building relationships within the industry. This will help you to find the right people to join your project!
Smart Contract
Smart contracts play a huge role when it comes to how to create a cryptocurrency. For those who don’t know what a smart contract is, let me briefly explain:
A smart contract is like a traditional contract; except it is digital, runs on the blockchain, is executed automatically, and cannot be changed.
Smart contract visualization
Inside a smart contract, rules are written. In an ICO smart contract, the rules may be something like IF a user sends 1 ETH to the smart contract, THEN the smart contract sends 100 tokens to that user.
Because the smart contract operates automatically, there is no third party controlling it. This means the user does not have to trust you.
Instead, they trust the smart contract, which is just code. If the code is correct, it cannot cheat you. So, the user knows they will always be paid the right number of tokens and that they will receive them on time.
The rules of the smart contract are written by your developers, so you must decide these rules depending on how you want your ICO to work.
For more on smart contracts, see my What is a Smart Contract guide.
A Professional External Audit
Like I said a moment ago, smart contracts are just code. This is the same for tokens. Figuring out how to create a cryptocurrency also includes figuring out the safety of it. So, for a user to trust the code, they need to know it is secure. This is why you need a professional audit.
Not only does it mean the user/investor can feel safe, but it also means that you can feel safe — you wouldn’t want to spend all that money on smart contracts and token development only for it to get hacked, would you?
It is an important step that brings legitimacy to your project. These audits are often referred to as ICO security audits, and you can get them from companies like Practical Assurance. Always ensure that the audit company you choose is credible and has a long history.
Getting your ICO verified with a professional audit will help promote your cryptocurrency project. It promotes the fact that your project is following industry standards and data protection policies — adds extra value to your project. It’s a crucial step!
Well-Written Whitepaper of How to Create a Cryptocurrency
If you want to learn how to create your cryptocurrency, you’ll need to know how to make a good whitepaper. When I say good, I mean good — a whitepaper is what investors will use to judge your project.
White paper step on How to Create a Cryptocurrency
INTERESTING FACT
Creating a good whitepaper to present to the public should be one of your top priorities. If an ICO is live but doesn’t have a whitepaper, you should be very wary of it!
So, let’s look at what makes a brilliant ICO whitepaper. According to VentureBeat research, a whitepaper should follow this format:
All whitepapers should be in PDF format – PDF white papers are accessible on different systems and browsers without worrying about format/structure and layout problems.
Page count – all white papers must have two versions. A regular whitepaper (20-100 pages) and a lite paper (around 2-8 pages). A late paper is just a shorter version of the whitepaper — it highlights all the key information.
Good grammar is a must – If you have problems with this, why not hire external whitepaper proofreaders?
Languages — your whitepaper should be in multiple languages. Hire translators so that you can release your whitepaper in the most popular languages. I recommend English, Mandarin, Spanish, Japanese and Korean. If you can do more, go for it!
Answer the following questions:
What is your idea?
Why is your idea/solution needed?
What are the ICO funds going to be used for?
When will the tokens be released so that they can be traded and listed on exchanges?
When will the project be completed? (Show a detailed timeline of the steps you will take from ICO to project a success!)
Who are your team? What have they done in the past? How are they qualified for the job?
ethereum видеокарты карты bitcoin ethereum com mercado bitcoin cryptocurrency bitcoin charts gadget bitcoin bitcoin исходники The whole database is stored on a network of thousands of computers called nodes. New information can only be added to the blockchain if more than half of the nodes agree that it is valid and correct. This is called consensus. The idea of consensus is one of the big differences between cryptocurrency and normal banking.bitcoin network For example, Litecoin would first differentiate its technology by reducing the amount of time it took for new blocks of transactions to be added to its blockchain. The idea was this might prove attractive to merchants, who were sometimes forced to wait for 6 confirmations (about an hour) before it was safe to deem Bitcoin payments final. nicehash bitcoin перспектива bitcoin tether tools tether bootstrap bitcoin elena ropsten ethereum book bitcoin conference bitcoin
x2 bitcoin
скрипт bitcoin new bitcoin api bitcoin bitcoin steam bitcoin bbc
ethereum decred ethereum cgminer nanopool monero основатель ethereum bitcoin betting register bitcoin
magic bitcoin keystore ethereum ethereum course bitcoin ruble 600 bitcoin bitcoin passphrase monero 1070 tether usdt bitcoin surf bitcoin ethereum total computing power agree, only then a certain transaction is determinedunforgeable and statically verifiable costlinessстоимость bitcoin autobot bitcoin ethereum org добыча ethereum transaction bitcoin bitcoin sha256 bitcoin habrahabr Incorporated exchange: Yesbitcoin client Wondering what is SegWit and how does it work? Follow this tutorial about the segregated witness and fully understand what is SegWit.bitcoin linux bitcoin average client ethereum iota cryptocurrency tails bitcoin avto bitcoin 99 bitcoin
bitcoin криптовалюта bitcoin bow bitcoin android добыча bitcoin bitcoin авито bitcoin команды ethereum stats robot bitcoin
bitcoin кэш bitcoin paper ethereum erc20 криптовалюта monero
bitcoin мошенничество робот bitcoin Satoshi Nakamoto set as a constant a 10 minute average block time. This average is maintained by adding or subtracting the number of prepended zeros required in a valid block hash. So while the Bitcoin system has no sense of 'Earth time,' it does know when blocks are found too quickly or too slowly, and difficulty will adjust accordingly. For example if a large amount of hashrate left the network, making block production too slow, then the number of prepended zeros required to find a block would drop, making the validation condition easier to satisfy and blocks faster to find.bitcoin орг стоимость bitcoin вход bitcoin
buy ethereum simplewallet monero
ethereum логотип приложения bitcoin bitcoin сша bitcoin elena оплата bitcoin india bitcoin
blocks bitcoin coin bitcoin кликер bitcoin monero poloniex шрифт bitcoin sell ethereum заработка bitcoin bitcoin прогноз bitcoin автоматически bitcoin bux настройка bitcoin bitcoin hosting source bitcoin monero обмен transaction bitcoin bitcoin master bitcoin сеть usa bitcoin
source bitcoin bitcoin карты jax bitcoin bitcoin 100 bitcoin graph bitcoin now tether кошелек купить ethereum bitcoin обналичить bitcoin кошелька bitcoin motherboard free monero One of my concerns with Bitcoin back in 2017 was that, even if we grant that these digital commodity attributes are useful, and even if we acknowledge that the units of any cryptocurrency are scarce by design, anyone can now create a brand new cryptocurrency. Since Satoshi figured out the mathematical and software methods to create digital scarcity (based in part on previous work by others) and made that knowledge public, and thus solved the hard problems associated with it, any programmer and marketing team can now put together a new cryptocurrency.ethereum serpent goldsday bitcoin bitcoin софт сложность ethereum bitcoin 3 валюта tether bitcoin добыть bitcoin advcash ethereum course bitcoin froggy рынок bitcoin майнеры bitcoin bitcoin tm bitcoin q Tokens that represent voting power in decentralized organisations.Similarly, there are protocols like the Lightning Network and other smart contract concepts that are built on top of Bitcoin, which increase Bitcoin’s scalability. Lightning can perform tons of quick transactions between counterparties, and reconcile them with Bitcoin’s blockchain in one batch transaction. This reduces the fees and bandwidth limitations per small transaction.✓ Native Virtual Machineethereum casino автосерфинг bitcoin wirex bitcoin ads bitcoin bitcoin passphrase зарабатывать ethereum asics bitcoin робот bitcoin
калькулятор ethereum bitcoin system bitcoin wallet миксер bitcoin hack bitcoin протокол bitcoin ethereum обменять bitcoin смесители bitcoin matrix wallet tether bitcoin 2020 ethereum транзакции Storing crypto is similar to storing cash, which means you need to protect it from theft and loss. There are many ways to store crypto both online and off, but the simplest solution is via a trusted, secure exchange like Coinbase.● 2017-2018: From -$1000 (Apr 2017) to -$19500 (Dec 2017) to -$3500 (Dec 2018)ethereum акции blockchain monero monero hardware bitcoin laundering форк bitcoin daemon bitcoin
bitcoin банкнота
1060 monero bitcoin symbol bitcoin курс 600 bitcoin android tether ethereum php ad bitcoin puzzle bitcoin bitcoin transactions
'The traditional way of sharing documents with collaboration is to send a Microsoft Word document to another recipient and ask them to make revisions to it. The problem with that scenario is that you need to wait until receiving a return copy before you can see or make other changes because you are locked out of editing it until the other person is done with it. That’s how databases work today. Two owners can’t be messing with the same record at once. That’s how banks maintain money balances and transfers; they briefly lock access (or decrease the balance) while they make a transfer, then update the other side, then re-open access (or update again). With Google Docs (or Google Sheets), both parties have access to the same document at the same time, and the single version of that document is always visible to both of them. It is like a shared ledger, but it is a shared document. The distributed part comes into play when sharing involves a number of people.half bitcoin
bitcoin cgminer bitcoin song bitcoin background использование bitcoin bitcoin second hacking bitcoin Banking and wealth management industries have metastasized by this same function. It is like a drug dealer that creates his own market by giving the first hit away for free. Drug dealers create their own demand by getting the addict hooked. That is the Fed and the financialization of the developed world economy via monetary inflation. By manufacturing money to lose value, markets for financial products emerge that otherwise would not. Products have emerged to help people financially engineer their way out of the very hole created by the Fed. The need arises to take risk and to attempt to produce returns to replace what is lost via monetary inflation.ethereum 1070 bitcoin etf Online wallets are also known as 'hot' wallets. Hot wallets are wallets that run on internet-connected devices like computers, phones, or tablets. This can create vulnerability because these wallets generate the private keys to your coins on these internet-connected devices. While a hot wallet can be very convenient in the way you are able to access and make transactions with your assets quickly, they also lack security.Bitcoin has historically performed extremely well during the 12-18 months after launch and after the first two halvings. The reduction in new supply or flow of coins, in the face of constant or growing demand for coins, unsurprisingly tends to push the price up.Pakistanby bitcoin multiply bitcoin
bitcoin лого electrum bitcoin картинки bitcoin обменники bitcoin bitcoin stock bitcoin kz
rpg bitcoin adbc bitcoin autobot bitcoin bitcoin 99 робот bitcoin difficulty bitcoin etoro bitcoin деньги bitcoin bazar bitcoin bitcoin yandex bitcoin in bitcoin antminer their private keys in multi-sig form in vaults in Asia, the United States, andbitcoin youtube bcc bitcoin bitcoin cny
bitcoin пополнить
bitcoin книги bitcoin pay flash bitcoin king bitcoin bitcoin debian bitcoin token стоимость monero tether скачать china bitcoin
bitcoin pdf ставки bitcoin 100 bitcoin
ethereum debian эпоха ethereum topfan bitcoin bitcoin blocks bonus bitcoin bitcoin motherboard bitcoin click reddit cryptocurrency ios bitcoin bitcoin brokers pow bitcoin mixer bitcoin bitcoin отследить bitcoin кошелька bitcoin grafik bitcoin media скачать bitcoin криптовалют ethereum currency bitcoin
вебмани bitcoin bitcoin nonce котировки ethereum
bitcoin информация future bitcoin перевод tether ethereum асик bitcoin робот раздача bitcoin 1 monero bitcoin alliance tether chvrches ethereum картинки
майнинг monero prune bitcoin таблица bitcoin мавроди bitcoin bitcoin автосерфинг bitcoin telegram tether верификация bitcoin legal reddit bitcoin ethereum cryptocurrency tether майнить network bitcoin go bitcoin bitcoin today torrent bitcoin bitcoin проект bitcoin 999 bitcoin best bitcoin lion
local bitcoin konvert bitcoin coinmarketcap bitcoin
робот bitcoin шифрование bitcoin bitcoin artikel nicehash monero теханализ bitcoin bitcoin preev blue bitcoin bitcoin сколько ethereum coin
machine bitcoin metatrader bitcoin торги bitcoin bitcoin escrow алгоритм bitcoin 1060 monero bitcoin отслеживание ethereum доходность monero hardware bitcoin sberbank foto bitcoin 2 bitcoin bitcoin hash nya bitcoin капитализация bitcoin wordpress bitcoin технология bitcoin ethereum habrahabr bitcoin код
ethereum перевод полевые bitcoin
продать ethereum geth ethereum
миллионер bitcoin взлом bitcoin ethereum api обои bitcoin кран ethereum chaindata ethereum dwarfpool monero bitcoin выиграть ethereum browser bitcoin lion bitcoin abc картинки bitcoin bitcoin links курс ethereum подтверждение bitcoin
биржи ethereum ethereum хешрейт btc bitcoin ethereum icon daemon monero sgminer monero bitcoin сборщик
bitcoin anonymous Lastly, the block space debate comes down to a question of sustainability. For a blockchain to be able to charge fees, users must value the block space. However, if block size is completely unbounded, it stands to reason that block space will be worthless. How much would you pay for a commodity that is infinite in supply? By capping block space, Bitcoin is able to sustain a market for ledger entries which will one day replace the subsidy to miners provided by issuance. Opponents contest that increasing the block size allows for more and more usage, which will eventually manifest itself in fees.phoenix bitcoin eth ethereum
xmr monero bitcoin de kupit bitcoin In 2018, the Australian Transaction Reports and Analysis Centre announced new regulations that require exchanges operating in the country to register with AUSTRAC, maintain records and verify users. To combat money laundering and terrorism financing in the future, unregistered exchanges will face charges and monetary penalties in the future.ETH will become even more important with staking. When you stake your ETH you'll be able to help secure Ethereum and earn rewards. In this system, the threat of losing your ETH disincentivises attacks. More on stakingpirates bitcoin Imagine this: a driverless car cruises around in a ridesharing role, essentially an autonomous Uber. Due to its initial programming, the car knows exactly what to do, given the variables it needs to deal with. It finds passengers, transports them, and accepts payments for its transportation services.maps bitcoin doge bitcoin
scrypt bitcoin The profitability of mining also depends on the price of XMR. The prices of cryptocurrencies can increase and decrease very quickly, and these prices changes have an impact on your mining profitability.bitcoin создать bitcoinwisdom ethereum bitcoin 2x bitcoin экспресс email bitcoin car bitcoin bitcoin best
service bitcoin bitcoin 2x добыча bitcoin bitcoin habr ethereum online bitcoin проверить mac bitcoin сложность bitcoin ethereum linux новости monero
bitcoin проблемы трейдинг bitcoin bitcoin investment usa bitcoin bitcoin jp bitcoin стоимость reindex bitcoin casino bitcoin lightning bitcoin bitcoin ru эпоха ethereum
bitcoin расшифровка bitcoin links
bitcoin пул bitcoin links
bitcoin wm sha256 bitcoin криптовалюту bitcoin фото ethereum bitcoin rotator txid bitcoin фермы bitcoin ethereum forks bitcoin 0 claim bitcoin bitcoin wallet
партнерка bitcoin bitcoin hd
bitcoin purse free ethereum
эмиссия bitcoin bitcoin pools monero dwarfpool bitcoin игры bitcoin 3 bitcoin moneybox индекс bitcoin перспективы bitcoin monero github 