How do new types of cryptocurrency coins get created? (And how coins and tokens differ).
Nov 02, 2021•9 min•Ep. 14
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Episode description
Episode 15 - How do new types of cryptocurrency coins get created? (And how coins and tokens differ).
I need to start off by saying this is not financial advice so if you are looking for that this show isn’t for you. The content of this podcast episode is for informational purposes only. The opinions expressed here are not meant to be taken as financial, investment, or any other advice.
When a new cryptocurrency gets created there’s a lot of technical lingo and know-how involved. And I am not talking about how a new Bitcoin coin gets mined, I am talking about how a completely new coin with an entirely different name gets created. I have had a few people ask this question and I was at first hesitant to do an episode this early in about it. But ultimately decided it would be good to get your feet wet with a bit of the crypto and development jargon associated with it as well as showing you how coins and tokens differ. So let’s first start with the coins and tokens first and then we will take a quick look at the 8 steps to making a new cryptocurrency coin.
I need to start off by saying this is not financial advice so if you are looking for that this show isn’t for you. The content of this podcast episode is for informational purposes only. The opinions expressed here are not meant to be taken as financial, investment, or any other advice.
When a new cryptocurrency gets created there’s a lot of technical lingo and know-how involved. And I am not talking about how a new Bitcoin coin gets mined, I am talking about how a completely new coin with an entirely different name gets created. I have had a few people ask this question and I was at first hesitant to do an episode this early in about it. But ultimately decided it would be good to get your feet wet with a bit of the crypto and development jargon associated with it as well as showing you how coins and tokens differ. So let’s first start with the coins and tokens first and then we will take a quick look at the 8 steps to making a new cryptocurrency coin.
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