<p>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. </p>

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

CC BY-SA 3.0
2017-08-17T12:35:47.503Z
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
CC BY-SA 3.0
2017-08-17T10:29:43.187Z
2017-08-17T10:29:43.187Z
meshcollider
<p>When creating a new cryptocurrency, you must decide whether it will be a coin or a token. A coin exists on its own blockchain, while a token exists on an existing blockchain. The blockchain makes cryptocurrencies secure and decentralized.</p>
<p>Creating a token requires less experience and knowledge than creating a coin. Creating a coin usually requires a team of developers and experts. Creating a token also requires technical knowledge, but it can be created in minutes using blockchains such as Ethereum, Binance Smart Chain, Solana, and Polygon.</p>

CC BY-SA 4.0
2022-06-07T14:10:40.043Z
2022-06-07T14:10:40.043Z
Karoline
<p>What are the requirements and technologies I need for creating my own cryptocurrency?</p>

<p>How to assign value for my own coin?</p>

<p>For example:</p>

<ul>
<li>1 bitcoin  = 279627.91 INR,</li>
<li>1 Litecoin = 2863.13 INR</li>
</ul>

<altcoin>
Requirements of own cryptocurrency?
Vijayakumar.V
# Requirements of own cryptocurrency?

(Asked by: username_0 on 2017-08-17)

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

**Tags:** altcoin


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## 2 answers

### Answer by username_1 on 2017-08-17. Score: 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.

> **Comments:**
> **username_2**: 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.  

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### Answer by username_3 on 2022-06-07. Score: 0

When creating a new cryptocurrency, you must decide whether it will be a coin or a token. A coin exists on its own blockchain, while a token exists on an existing blockchain. The blockchain makes cryptocurrencies secure and decentralized.

Creating a token requires less experience and knowledge than creating a coin. Creating a coin usually requires a team of developers and experts. Creating a token also requires technical knowledge, but it can be created in minutes using blockchains such as Ethereum, Binance Smart Chain, Solana, and Polygon.


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