2018 will be about creating a new cryptocurrency like bitcoin, litecoin.
2018 will be the year for the basic establishment of creating a new cryptocurrency like bitcoin. In the future days, cryptocurrency will be used in all sectors as a payment. Every organization also will have their own cryptocurrency. This new cryptocurrency creation wave will be larger and faster.
The very bold statement said by the futurist who is experts in cryptocurrency industry.
"In the future, everyone will have their own cryptocurrency”
Why cryptocurrency is considered to be a significant one?
Cryptocurrency is utilized in trading and exchange platforms for obtaining digital assets. While in the case of Bitcoin, it is used as digital gold. Business people have succeeded by using cryptocurrencies in the various business model.
Cryptography technique is a unique idea which is used in the creation of cryptocurrency. The purpose of using digital currency is for secure and confidential transactions without any third party control over the transaction, making it even more reliable.
Why have business people started choosing Cryptocurrencies over usual Fiat currencies?
There are many reasons why more and more business people have started moving away from traditional Fiat currency market to newly born Cryptocurrencies. Digital currency is revolutionizing the economy and perhaps it will be the biggest revolution in forthcoming centuries.
Creating a new cryptocurrency for an organization will enabled the users to achieve their dream of security, untraceable, incorruptible currency.
The main reasons for the tremendous success of cryptocurrencies:
The need of building a fast, accurate and reliable transaction method was always there but has never been executed before the birth of cryptocurrencies. The various international payments were the biggest headache for both the consumers and service providers. Whereas now you can make cryptocurrency transaction securely with one click and in a matter of minutes.
No third-party approval for transaction:
There is no third party involved in transactions of cryptocurrencies. No third party websites can control your privacy, so business people will have no fear of theft or lack of trust. It’s all about secure, transparent and swift transactions when it comes to digital currency transaction.
After knowing about the success of cryptocurrencies, business people will start to think about creating new cryptocurrencies like bitcoin,litecoin etc..
How to create your new cryptocurrency?
Here are some ways to create your new cryptocurrencies.
1. Start creating your new cryptocurrency from the scratch
Build a new blockchain from the scratch in which business people need to create a whole network where business people need to define miners and type of algorithms like proof of stake, proof of work, proof of burn or something else as verification mechanism and Node management. It is very costly in terms of time, effort and money.
2. The second choice would be making a new cryptocurrency on an existing blockchain. It is relatively quick, stable and easy to maintain as compared to the previous one. There are four main platforms named as Blockstack,Ethereum (ERC20 Tokens),HyperLedger and Qtum,.
3. The third choice is creating the new cryptocurrency by taking a clone of the top cryptocurrency. This will be an easy method for creating a new cryptocurrency like bitcoin,litecoin.
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