Cryptocurrency Creation
There are various options to create a new cryptocurrencyA cryptocurrency (or crypto currency) is a digital asset des... More from scratch. However, answers to some fundamental questions must first be provided: what is the purpose/requirements of the new cryptocurrency; what blockchainA blockchain is a shared digital ledger, or a continually up... More type is desired (Public, Open, Permissioned, etc.); what consensusConsensus is a mechanism to achieve the necessary agreement ... More mechanism is required; is creating a new blockchain required, or can an existing blockchain be used; will smart contract support be required; what legal/regulatory obligations need to be supported in your jurisdiction, etc. Once these questions are answered, an individual or team can begin the process of creating a new cryptocurrency.
Note: These are non-technical definitions meant for a general audience and should not be used as legal definition