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How To Make Your Own Cryptocurrency In 4 Easy Steps

 Okay, so cryptocurrency this, bitcoin that! Enough, there has been so much hullabaloo about the boom created by the virtual currencies that the internet has been overloaded with information on how you could earn more money by investing in these currencies. But did you ever think how cool it would be if you could create your own cryptocurrency? Never thought about it, right? It's time to think because in this post we are going to provide you a four-step guide on creating your own cryptocurrency. Read through the post, and then see whether you can do it for yourself or not! Step 1 - Community No, you don't have to build a community like you do when you plan to rule social media. The game is a little different here. You need to find a community of people that you think would buy your currency. Once you identify a community, it becomes easier for you to cater to their needs and therefore you can work towards building a stable cryptocurrency rather than going haywire with what you ...

How Does Cryptocurrency Gain Value?

 Cryptocurrencies are the latest 'big thing' in the digital world and have now been recognized as being part of the monetary system. In fact, enthusiasts have tagged it as 'the revolution of money'. In clear terms, cryptocurrencies are decentralized digital assets that can be exchanged between users without the need for a central authority, the majority of which being created via special computation techniques referred to as 'mining'. The acceptance of currencies, like the US Dollar, Great British Pound and the Euro, as legal tender is because they have been issued by a central bank; digital currencies, however, such as cryptocurrencies, are not reliant on the confidence and trust of the public on the issuer. As such, several factors determine its value. Factors that Determine the Value of Cryptocurrencies Principles of Free Market Economy (Mainly Supply and Demand) Supply and demand is a major determinant of the value of anything of value, including cryptocurre...