Platforms outside of blockchain have started to attract and collaborate with crypto, crypto exchanges, and other blockchain platforms. This means that blockchain and crypto can help the effectiveness of other companies.
Many people want to own Bitcoin and virtual money, aka other crypto assets. However, not all of them understand how or the mechanism for creating crypto assets.
And from the thousands of cryptos or tokens out there, how do you/they do it? Now, this is a question that sometimes shows up, bitcoin price goes up, ethereum price goes up too. Is it really difficult or not? The fact, creating crypto takes no more than an hour.
There are two, ways that can be taken, using existing and trusted technology such as Ethereum. Ensured that with existing technology the process could be fast.
You don't need to bother making the technology, you need to use the existing technology, then we can generate it.
As for the second method, it will take longer. Because of the steps must be to build on the blockchain that was made yourself or not take advantage of the existing one. And it should be noted that creating crypto-assets should not be arbitrary.
Things should need to be considered in creating crypto assets are not just creating crypto assets then the asset becomes a blunder, it can become a scam, or it can be something that can provoke a reaction from the specific government.
There are various things that need to be considered more. An unmissable first step in building a crypto asset is having the big idea of a project presented to the public that aims to solve a problem. Second, there must be a strong development team.
This developer is also important not only in understanding IT but also must people who understand blockchain if in more detail people understand smart contracts, and so on.
Third, there is an external party who acts as an auditor to be able to monitor every time a transaction comes in, comes out, updates on the progress of the project.
Furthermore, what should not be missed is the existence of a white paper. The white paper contains a document that describes all the procedures for a business plan until the business is profitable.
Fifth, it must be complemented by a marketing campaign. A campaign must be done to increase awareness.
The sixth is the community management teams. In blockchain technology, the community is the key or gate that makes the project grow rapidly.
It looks like crypto assets will also be used for multiple platforms in the future. So far, crypto has been used more often for blockchain projects.
Hope, this can add to our knowledge to understand the creation of cryptocurrency.