Introduction:If we were to go back in time by about a decade and a half and ask someone if they would like to invest in a new kind of currency that does not have a physical representation and is not accepted by banks, they would have dismissed the idea as a fanciful flicker of imagination. Today, in contrast, the global valuation of cryptocurrency stands at a staggering $939.56 billion and is increasing day by day.Cryptocurrency does not show any signs of saturation in the near future. This has gotten a lot of crypto enthusiasts and entrepreneurs into thinking about creating their own cryptocurrency.Creating your own cryptocurrency sounds like a wonderful idea, but the idea needs to be backed by science, figures, and a goal. Without question, it is a lucrative business idea, but only if it meets certain conditions. The first and foremost of them is that your cryptocurrency should have a tangible and definite purpose and goal. There should be a reason for people to use your cryptocurrency and for investors to consider investing in them.Before you embark on your journey of cryptocurrency creation, you are called to understand what a cryptocurrency is. A cryptocurrency is a currency that resides on the top of the distributed, decentralized, digital ledger called the blockchain. It is completely digital and does not have a physical representation. It does not come under the command of any centralized body like a bank or the censorship of governments.As the name implies, a cryptocurrency can be used as an instrument of transaction. However, the scope right now is quite limited, and it might not completely replace the existing fiat currency, but it has the potential to become a mainstream instrument of transaction in the future owing to its advantages.Advantages and Disadvantages of CryptocurrenciesA cryptocurrency is not\u2026<\/p>","protected":false},"excerpt":{"rendered":"
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