Requirements of own cryptocurrency?

2

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

Vijayakumar.V

Posted 2017-08-17T09:07:03.033

Reputation: 21

Answers

4

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.

MeshCollider

Posted 2017-08-17T09:07:03.033

Reputation: 9 285

1Don'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 – 2017-08-17T12:35:47.503