What are the requirements and technologies I need for creating my own cryptocurrency?

How to assign value for my own coin?

For example:

  • 1 bitcoin = 279627.91 INR,
  • 1 Litecoin = 2863.13 INR

You will need a lot of experience and knowledge in many areas including cryptography, networking, programming, economics, and a lot of research into cryptocurrencies themselves before you'll be able to make one yourself.

Values are not assigned by the developers, just by the market, it is supply and demand which raises and lowers the price.

  • 1
    Don't forget that he needs to be able to convince people to use it. Sure, he can have his own currency all by himself, but if he wants any sort of value attached to it, he would need a market. No currency has any value if there is only one person in the world who wants to own it.
    – Arthur
    Aug 17 '17 at 12:35

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.