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?
bitcoin lottery total cryptocurrency electrum bitcoin bitcoin fan planet bitcoin car bitcoin суть bitcoin ethereum platform bitcoin instant ethereum txid bitcoin trading mine ethereum bitcoin xt ethereum game транзакции bitcoin bitcoin froggy
bitcoin attack
bitcoin торги история ethereum
комиссия bitcoin bitcoin wm forbot bitcoin flex bitcoin ethereum картинки
weekly bitcoin accepts bitcoin bitcoin коды money bitcoin рубли bitcoin bitcoin red bitcoin russia bitcoin instagram bitcoin server bitcoin account case bitcoin auction bitcoin обвал ethereum bitcoin описание миллионер bitcoin куплю ethereum bistler bitcoin 2019Mined bitcoinswallet cryptocurrency
ethereum chart bitcoin ru bitcoin girls
транзакции bitcoin bitcoin лайткоин удвоить bitcoin ann ethereum boom bitcoin исходники bitcoin bitcoin reserve bitcoin machine
bitcoin talk
суть bitcoin bitcoin hardfork bitcoin вложить порт bitcoin bitcoin 20
криптовалюта monero free monero microsoft bitcoin code bitcoin my ethereum bitcoin information gift bitcoin android tether ethereum упал Jan. 3, 2009: The first Bitcoin block is mined, Block 0. This is also known as the 'genesis block' and contains the text: 'The Times 03/Jan/2009 Chancellor on brink of second bailout for banks,' perhaps as proof that the block was mined on or after that date, and perhaps also as relevant political commentary.7999 bitcoin курса ethereum инструкция bitcoin
ethereum клиент ethereum swarm bitcoin 1070 tp tether bitcoin explorer bitcoin multiplier datadir bitcoin anomayzer bitcoin
bitcoin spinner будущее ethereum bitcointalk monero история bitcoin bitcoin fork майн bitcoin ethereum charts
ethereum картинки bitcoin вложения обзор bitcoin simple bitcoin кошелька bitcoin bitcoin spinner titan bitcoin electrum ethereum captcha bitcoin bitcoin конвектор bitcoin usb bitcoin sportsbook love bitcoin bitcoin scan mini bitcoin полевые bitcoin bitcoin explorer bitcoin take visa bitcoin bitcoin комиссия simple bitcoin swiss bitcoin
bitcoin evolution tabtrader bitcoin equihash bitcoin
bitcoin venezuela bitcoin maining hit bitcoin настройка ethereum
акции bitcoin bonus bitcoin магазин bitcoin bitcoin fan abi ethereum bitcoin что bitcoin заработок продажа bitcoin bitcoin info bitcoin сервисы lucky bitcoin стоимость monero love bitcoin dark bitcoin bitcoin xt bitcoin 5 pool monero 777 bitcoin bitcoin сколько
bitcoin s bitcoin cap bittorrent bitcoin bitcoin registration games bitcoin bitcoin вектор foto bitcoin bitcointalk monero Send X ether from my account to Alice’s account.zcash bitcoin сайте bitcoin reddit cryptocurrency bitcoin segwit торрент bitcoin yota tether bitcoin bcc network bitcoin ethereum вики topfan bitcoin
easy bitcoin bitcoin vpn падение ethereum bitcoin elena
bitcoin s сервисы bitcoin
roboforex bitcoin bitcoin it bitcoin masters bitcoin agario падение ethereum reverse tether bitcoin like bitcoin pizza android tether
bitcoin crane bitcoin converter ethereum рост Contract creationCurrently, around 18.5 million bitcoin have been mined; this leaves less than three million that have yet to be introduced into circulation.пулы ethereum 'I coined the debt metaphor to explain… cases where people would rush software out the door, and learn things, but never put that learning back in to the program. That, by analogy, was borrowing money thinking you never had to pay it back. Of course if you do that, eventually all your income goes to interest and your purchasing power goes to zero. By the same token, if you develop a program for a long period of time and only add features—never reorganizing it to reflect your understanding—then all of efforts to work on it take longer and longer.'Bitfinex In 2016, $72 million were stolen through exploiting the exchange wallet, users were refunded.bitfenix bitcoin
Bitcoin is mined using computing rigs which include expensive hardware.удвоитель bitcoin Due to the encryption feature, Blockchain is always secure bitcoin machine bitcoin matrix создатель ethereum
bitcoin виджет bloomberg bitcoin bitcoin blockchain сборщик bitcoin команды bitcoin bitcoin cards сложность bitcoin
polkadot ico monero fork ethereum serpent bitcoin обозреватель bitcoin config bitcoin сервисы анонимность bitcoin раздача bitcoin bitcoin reddit ethereum homestead market bitcoin bitcoin мастернода calc bitcoin bitcoin free short bitcoin вклады bitcoin tether верификация ethereum перспективы
bitcoin blockchain скачать tether vip bitcoin amazon bitcoin пулы monero bitcoin scripting mooning bitcoin bitcoin goldman registration bitcoin
надежность bitcoin bit bitcoin bitcoin 99 tether yota bitcoin страна bitcoin calc bitcoin карты
bitcoin trend ethereum nicehash bitcoin send bitcoin мошенничество bitcoin department bitcoin selling
r bitcoin
global bitcoin
mine monero bitcoin таблица bitcoin nedir
ethereum classic
wikileaks bitcoin bitcoin land coins bitcoin bitcoin торги
linux bitcoin блок bitcoin
digi bitcoin car bitcoin 1 bitcoin bitcoin vector Ethereumbitcoin virus moto bitcoin rub bitcoin bitcoin novosti использование bitcoin bitcoin conference loans bitcoin bitcoin магазины bitcoin расшифровка
курс monero bitcoin loan bitcoin сложность форумы bitcoin bitcoin ann transaction bitcoin ethereum crane асик ethereum
курс bitcoin ethereum прибыльность bitcoin tools bitcoin boom asic monero форк bitcoin платформе ethereum bitcoin capitalization bitcoin hesaplama tradingview bitcoin registration bitcoin хешрейт ethereum bitcoin продать ethereum логотип теханализ bitcoin golden bitcoin bitcoin принцип monero прогноз takara bitcoin bitcoin картинка asics bitcoin crococoin bitcoin bitcoin best ethereum stratum seed bitcoin flypool ethereum ethereum логотип bitcoin россия difficulty monero konvertor bitcoin
график ethereum coinmarketcap bitcoin
linux bitcoin bitcoin land Time: what is the anticipated length of time you will spend mining? exchange monero konverter bitcoin mining ethereum bitcoin code programming bitcoin download tether кошелька ethereum
bitcoin оплата bitcoin rigs криптовалюта monero
bubble bitcoin bitcoin miner tether bootstrap block bitcoin китай bitcoin сети bitcoin lottery bitcoin bitcoin get bitcoin landing bitcoin игры tether верификация index bitcoin графики bitcoin bitcoin hardware взлом bitcoin bitcoin slots bitcoin счет ethereum сбербанк bitcoin банк ethereum com bitcoin sberbank is bitcoin red bitcoin putin bitcoin bitcoin purse сети bitcoin ethereum network ethereum биткоин bitcoin cryptocurrency investment bitcoin ann ethereum bitcoin bcc bitcoin курс trezor bitcoin bitcoin novosti bitcoin blockstream
ethereum видеокарты видеокарта bitcoin ethereum видеокарты
games bitcoin
обмена bitcoin ethereum заработать bitcoin 2018 100 bitcoin казахстан bitcoin пример bitcoin ethereum прибыльность bitcoin ne poloniex ethereum
hack bitcoin bitcoin escrow wiki bitcoin
bitcoin weekend monero benchmark server bitcoin ethereum википедия ninjatrader bitcoin
cryptocurrency charts ethereum org
monero node Block reward12.5 LTC (approximately till August 2023), halved approximately every four yearsграфик bitcoin bitcoin вконтакте Non-custodial: With non-custodial wallets, you and only you are in control of your private key.bitcoin super api bitcoin rpc bitcoin отзыв bitcoin криптовалюта monero bitcoin puzzle ethereum видеокарты bitcoin vpn bitcoin рухнул bitcoin торрент bitcoin java icon bitcoin monero ico рулетка bitcoin bitcoin cz bitcoin links bitcoin easy stock bitcoin bitcoin cc bitcoin получение redex bitcoin асик ethereum bitcoin книга кредиты bitcoin rbc bitcoin bitcoin луна эфир bitcoin bitcoin farm монеты bitcoin ethereum github bitcoin accepted bitcoin capitalization bitcoin torrent bitcoin motherboard cryptonator ethereum One important similarity between these two cryptocurrencies is that they are both proof of work ecosystems, meaning that the underlying process by which both bitcoin and LTC are mined is fundamentally similar (though not exactly the same, as we will see below).bitcoin group tether usdt love bitcoin TWITTERreddit ethereum bitcoin dynamics
ethereum block Cryptocurrencies compensate miners based on a proof-of-work hashing algorithm. Solving the complex math built into cryptocurrency results in a miner discovering a 'solution.' Miners who discover the solution first are compensated with Litecoin, while those who were unable to come up with a solution have to try again with another block of transactions.миллионер bitcoin nonce bitcoin bitcoin purse bitcoin сколько обмен tether tails bitcoin bitcoin q etoro bitcoin bitcoin instant вывод bitcoin bitcoin gif bitcoin usa вывести bitcoin bank bitcoin bitcoin экспресс sgminer monero
bitcoin kurs The root hash of the treemonero windows bitcoin рубли ethereum краны перспективы bitcoin бесплатный bitcoin bitcoin foto
alipay bitcoin программа bitcoin bitcoin zone pirates bitcoin bitcoin bear rpg bitcoin ethereum кошелька kinolix bitcoin ethereum supernova etf bitcoin phoenix bitcoin ethereum charts ethereum calc криптовалюта ethereum bitcoin миллионеры продать monero satoshi bitcoin bitcoin установка ethereum shares bitcoin рухнул mixer bitcoin bitcoin ваучер wikipedia cryptocurrency е bitcoin ubuntu bitcoin Otherwise, refund the fees for all remaining gas to the sender, and send the fees paid for gas consumed to the miner.ethereum algorithm bitcoin мошенники So, besides statistics, how exactly do Bitcoin and Ethereum match up?bitcoin links siiz bitcoin bitcoin получение bitcoin get claymore monero bitcoin авито solo bitcoin
monero обменять bitcoin email bitcoin машина стратегия bitcoin bitcoin начало bitcoin click Imagine the blockchain as a digital database, just like an Excel spreadsheet.bitcoin компания bitcoin maps neo bitcoin bitcoin trade bitcoin services ethereum logo
bitcoin openssl bitcoin mac mine monero bitcoin fpga алгоритмы bitcoin bitcoin компьютер bitcoin store lottery bitcoin buy tether
bitcoin central
ethereum продать nicehash ethereum капитализация ethereum bitcoin analytics ethereum рост bitcoin обналичить bitcoin step автомат bitcoin sha256 bitcoin pump bitcoin agario bitcoin получение bitcoin bitcoin xapo bitcoin ann
bitcoin alliance it bitcoin ethereum bitcoin In 2014, several light-hearted songs celebrating bitcoin such as the 'Ode to Satoshi' have been released.unconfirmed bitcoin
cryptocurrency price команды bitcoin monero faucet
usb tether
bitcoin multisig bitcoin bank сложность monero bitcoin пример форки bitcoin bitcoin список dwarfpool monero bitcoin all captcha bitcoin bitcoin рухнул bitcoin free bitcoin обменник Or not true,bitcoin bitrix accepts bitcoin
mt5 bitcoin supernova ethereum Bitcoin includes a multi-signature feature that allows a transaction to require multiple independent approvals to be spent. This can be used by an organization to give its members access to its treasury while only allowing a withdrawal if 3 of 5 members sign the transaction. Some web wallets also provide multi-signature wallets, allowing the user to keep control over their money while preventing a thief from stealing funds by compromising a single device or server.Image for postbip bitcoin Settling up a GPU is a complex task and you can browse plenty of advice about which ones are the most profitable based on how many hashes the GPU can compute per second, power consumption and the initial expense of the card.bitcoin кошелька ethereum calc dollar bitcoin bitcoin форумы bitcoin теханализ ethereum ubuntu tether limited скрипт bitcoin график bitcoin space bitcoin segwit bitcoin
bonus bitcoin ethereum zcash bitcoin maps bitcoin trading rate bitcoin bitcoin nvidia dat bitcoin bitcoin group ethereum акции капитализация ethereum bitcoin xl monero wallet bitcoin simple monero сложность doubler bitcoin geth ethereum конвертер bitcoin bitcoin trader фри bitcoin miner bitcoin Everything beyond this fundamental reality strays into abstract theory, relying on leaps of faith, hypotheticals and big words that no one understands, all while divorced from individual decision points. It is not that one individual is more trusted than another or one central bank relative to another; it is simply that, on an individual level, no individual is advantaged by someone else having the ability to print money, regardless of identity or interests. That this is true leaves only one alternative, that each individual would be advantaged by ensuring that no other individual or entity has this power. The Fed may have the ability to create dollars at zero cost, but money still doesn’t grow on trees. It is more likely that a particular form of money is not actually money than it is that money miraculously started growing on trees. And at an individual level, everyone is incentivized to ensure that is not the case. While there is a long habit of not thinking this particular thing wrong, the errant defense of custom can only stray so far. Time converts everyone back into reality. At present, it is the Fed’s 'shock and awe' campaign contrasted by the simplicity in bitcoin’s fixed supply of 21 million. There is no amount of reason that can replace an observed divergence in two distinct paths.This is why the possibilities with building on Ethereum are endless.flappy bitcoin bitcoin форум
ethereum addresses bitcoin wm bitcoin king price bitcoin bitcoin смесители dollar bitcoin bitcoin смесители british bitcoin ethereum 1070 loan bitcoin Cryptocurrency mining pools are groups of miners who share their computational resources.ethereum rub
wm bitcoin bitcoin серфинг bitcoin wm bitcoin доллар A feature of a blockchain database is that is has a history of itself. Because of this, they are often called immutable. In other words, it would be a huge effort to change an entry in the database, because it would require changing all of the data that comes afterwards, on every single node. In this way, it is more a system of record than a database.bitcoin краны bitcoin allstars ethereum pos
london bitcoin forum ethereum tether addon bitcoin pool биржа ethereum bitcoin bbc bitcoin loan x2 bitcoin bitcoin mining bitcoin de book bitcoin bitcoin python bitcoin change claymore ethereum ethereum сбербанк reddit bitcoin хайпы bitcoin tether usb ethereum classic bitcoin goldmine
bitcoin flapper ethereum видеокарты anomayzer bitcoin конвектор bitcoin
bitcoin frog trade cryptocurrency платформе ethereum
ethereum difficulty bitcoin bat пожертвование bitcoin bitcoin security ethereum обменять bitcoin is bazar bitcoin blocks bitcoin monero hardware ecopayz bitcoin ethereum btc monero free bitcoin indonesia flash bitcoin bitcoin получить cryptocurrency mining bitcoin price bitcoin de play bitcoin bitcoin cloud walletethereum io dwarfpool monero multiplier bitcoin bitcoin мониторинг bitcoin torrent bitcoin qiwi monero форк ethereum получить bitcoin fields
bitcoin instagram decred ethereum bitcoin проблемы ethereum кошельки gemini bitcoin заработка bitcoin
ethereum course
community bitcoin bitcoin игры деньги bitcoin bitcoin withdraw bitcoin alien bitcoin шифрование bitcoin путин ethereum russia
bitcoin balance bitcoin wmz bitcoin сделки x2 bitcoin polkadot ico bitcoin metal
bitcoin vpn prune bitcoin bitcoin weekly bitcoin store bitcoin linux bitcoin форумы
tx bitcoin заработай bitcoin 777 bitcoin
rush bitcoin bitcoin cryptocurrency bitcoin расшифровка bitcoin eth machines bitcoin minergate bitcoin opencart bitcoin bazar bitcoin
ethereum рост bitcoin buying виталий ethereum half bitcoin bitcoin bcc ethereum токены
ethereum transactions
polkadot stingray
мерчант bitcoin bitcoin обсуждение goldsday bitcoin deep bitcoin bitcoin пожертвование bitcoin india обмен tether ethereum доходность rpg bitcoin pps bitcoin bitcoin symbol monero хардфорк nicehash monero x2 bitcoin blocks bitcoin bitcoin игры maps bitcoin email bitcoin ethereum криптовалюта ethereum org bitcoin порт bitcoin asic Terms and conditions are predefined and pre-embedded in a smart contract. As soon as a condition is met, remittance occurs automatically and is recorded. If any remittance is involved with a traditional contract, it's a manual process involving approvals workflows. Traditionally, transparency is dictated by the parties involved, peripheral entities, and intermediaries. It's an imperfect system. Smart contracts, however, are 100 percent transparent, available online 24*7*365. Anyone can review, audit, and validate the archived transactions. Archiving is difficult with traditional contracts, as they are paper-based and maintained offline. Tracing transactions is cumbersome. Transactions in smart contracts may be traced right from the point of origin, and archiving occurs automatically, creating a fully accessible history.bitcoin linux Remember: Your wallet does not reside on any single device. The wallet itself resides on the Bitcoin blockchain, just as your banking app doesn’t truly 'hold' the cash in your checking account.ethereum calc bitcoin сети bitcoin motherboard monero gpu рубли bitcoin abc bitcoin
bitcoin monkey matteo monero иконка bitcoin bitcoin payment
майнинга bitcoin ethereum course One note before getting started: whenever I say 'hash' of X, I am referring to the KECCAK-256 hash, which Ethereum uses.Accountsbitcoin explorer
bitcoin school хардфорк monero платформа bitcoin bitcoin reserve siiz bitcoin monero minergate skrill bitcoin algorithm ethereum ninjatrader bitcoin
ethereum обменники bitcoin рейтинг bitcoin rus hashrate bitcoin bitcoin calc
bitcoin компьютер
эфир ethereum monero hashrate alpari bitcoin
bitcoin investment адреса bitcoin tp tether tether tools bitcoin tor bitcoin сбор cold bitcoin bitcoin purchase bitcoin cap bitcoin monkey bitcoin bloomberg tinkoff bitcoin bitcoin mixer bitcoin darkcoin You need either a GPU (graphics processing unit) or an application-specific integrated circuit (ASIC) in order to set up a mining rig.trust bitcoin linux ethereum bitcoin зарегистрироваться bitcoin fpga bitcoin сети ethereum habrahabr bitcoin сложность bitcoin daemon bitcoin kran яндекс bitcoin bitcoin заработок home bitcoin reverse tether bitcoin script прогнозы bitcoin bitcoin xl flappy bitcoin bitcoin people bitcoin форк сбербанк bitcoin bitcoin счет bitcoin dice
рынок bitcoin monero продать bitcoin calculator bitcoin стоимость ethereum получить
Reason 2) The Halving Cycletether верификация bitcoin config invest bitcoin лото bitcoin криптовалюты bitcoin bitcoin форки шифрование bitcoin bitcoin история cryptocurrency capitalization bitcoin mempool мавроди bitcoin tails bitcoin bitcoin продать monero miner
Here are some reasons why Ethereum could be a strong long-term investment.In the above representation, that means correspondent banking agreements and the RTGS could both be shortcutted.стоимость bitcoin
