Starting a cryptocurrency

[Bigi_]

According to Business News, Dubai is about to launch a cryptocurrency for less than $1 in the country, and although many entities and individuals are entering the cryptocurrency market, I still feel the need to own one. not.

 

[glitch]

I don't think it is a good idea but if you really wanted to, you would have to have a full understanding of blockchain and the technology and well as an understanding of things are mined, sourced, and regulated. It is more complex than NFTs.

 

[Skysaint]

I honestly think that the process for creating a new cryptocurrency is really not difficult at all judging how different cryptocurrencies are added to the crypto space almost everyday.

 

[Sotherefore]

According to Business News, Dubai is about to launch a cryptocurrency for less than $1 in the country, and although many entities and individuals are entering the cryptocurrency market, I still feel the need to own one. not.

It is not really about establishing or inventing a cryptocurrency . The most important thing is the problem your cryptocurrency will solve in the crypto space . Without any useful potential you just have to understand that investing or spending money to bring forth a crypto projects will likely be a waste of time.

 

[Ronny_4son]

I think starting a cryptocurrency requires a lot of effort and knowledge on your part so it would be best to stave off that idea for some time as you do more research to be well-versed in this aspect

 

[Sincerem]

I think starting a cryptocurrency requires a lot of effort and knowledge on your part so it would be best to stave off that idea for some time as you do more research to be well-versed in this aspect

With the Ethereum network, it is much more easier for people to create their own cryptocurrency using the ethereum network. There are so many cryptocurrency that has been created out of this network.

 

[Ronny_4son]

With the Ethereum network, it is much more easier for people to create their own cryptocurrency using the ethereum network. There are so many cryptocurrency that has been created out of this network.

I understand what you are saying in the sense that ethereum network is much more flexible in its operation than other networks. My question is why do you think that people tend to create cryptocurrency through ethereum which has quite a high market cap, if I am being frank

 

[Sincerem]

I understand what you are saying in the sense that ethereum network is much more flexible in its operation than other networks. My question is why do you think that people tend to create cryptocurrency through ethereum which has quite a high market cap, if I am being frank

Having a high market cap is not what matters. what matters is the flexibility of you being able to create your own cryptocurrency using a particular network and ethereum has offered that flexibility.

 

[Ronny_4son]

Having a high market cap is not what matters. what matters is the flexibility of you being able to create your own cryptocurrency using a particular network and ethereum has offered that flexibility.

Alright then, I thought that the high market capitalization of the cryptocurrency would have a direct effect on the ease with which another cryptocurrency could be created from it. Its good you made the correction

 

[Sincerem]

Alright then, I thought that the high market capitalization of the cryptocurrency would have a direct effect on the ease with which another cryptocurrency could be created from it. Its good you made the correction

No , that is not really what matters. Ethereum is the largest cryptocurrency in existence after bitcoins. But yet a lot of people still prefer to create cryptocurrency using the ethereum network.

 

[Agbalagbaa]

You could startup by first acquiring the requisite knowledge in cryptocurrencies.
The best part is that you could learn everything for free if you are consistent in learning.

 

[AruneBend]

Recently we have seen so many cryptocurrencies rising up, blockchain is maybe the future. If you had the knowledge and the tools and also knew the risk of the whole process would you start your own cryptocurrency?

I don't think I will ever create my own crypto currency because it requires a lot of knowledge and it's risky plus yku probably need money and time to create a proper crypto currency

 

[Ronny_4son]

No , that is not really what matters. Ethereum is the largest cryptocurrency in existence after bitcoins. But yet a lot of people still prefer to create cryptocurrency using the ethereum network.

This is quite a nice piece of information that you have shared. Why do you think that people prefer to establish cryptocurrencies using the ethereum network as opposed to bitcoin?

 

[Sincerem]

This is quite a nice piece of information that you have shared. Why do you think that people prefer to establish cryptocurrencies using the ethereum network as opposed to bitcoin?

Bitcoin does not share its network with anyone and no cryptocurrency has been created under the Bitcoin network before. Most of the network in which other cryptocurrency are created from is smart chain, Tron, Solana and ofcourse the Ethereum network.

 

[Ronny_4son]

Bitcoin does not share its network with anyone and no cryptocurrency has been created under the Bitcoin network before. Most of the network in which other cryptocurrency are created from is smart chain, Tron, Solana and ofcourse the Ethereum network.

Alright, this is good to know. Do you know examples of cryptocurrencies that were created from the Ethereum network in particular? That would be extremely eye-opening information

 

[Monster Masterpiece]

Alright, this is good to know. Do you know examples of cryptocurrencies that were created from the Ethereum network in particular? That would be extremely eye-opening information

The most known cryptocurrency created based on Ethereum network is Shiba Inu one and it is getting more and more popular day after day. There is other coins based Ethereum network like Polygon MATIC popular too.

 

[eenya00]

With the Ethereum network, it is much more easier for people to create their own cryptocurrency using the ethereum network. There are so many cryptocurrency that has been created out of this network.

this is actually my first time of hearing of this as i have always rated the eth network very high because of the various innovation they normally bring out from time to time.

 

[Sincerem]

Alright, this is good to know. Do you know examples of cryptocurrencies that were created from the Ethereum network in particular? That would be extremely eye-opening information

Shiba Inu, almost all cryptocurrencies were created from either Ethereum or Bnb . But as they progress other network was being added into it system. Meaning that most cryptocurrency has both Ethereum,Tron , smart chain network in them

 

[Ronny_4son]

Shiba Inu, almost all cryptocurrencies were created from either Ethereum or Bnb . But as they progress other network was being added into it system. Meaning that most cryptocurrency has both Ethereum,Tron , smart chain network in them

Oh, really? Shiba Inu is a coin that I have been following for a long time, so it has surprised me that this fact has escaped me. Ethereum is definitely a strong coin for it to be the bedrock of all these new cryptocurrencies

 

[Sincerem]

this is actually my first time of hearing of this as i have always rated the eth network very high because of the various innovation they normally bring out from time to time.

Any cryptocurrency that is being created out of the ethereum network will always have a higher transaction fee. Most cryptocurrency now are being created with smart chain to reduce the transaction fee but most cryptocurrency that was created out of ethereum network will always add smart chain later into its network .