jack richer
by on January 12, 2022

Bitcoin’s emergence in January 2009 triggered a financial revolution. However, the crypto industry has come a long way since that. Today, there are viable alternatives to BTC. Today, there are more than 16500 digital currencies. Generally, Altcoins offer several advantages like affordability, interoperability with different exchanges and trading platforms, and lesser chance of market fluctuation. Are you an entrepreneur eager to rule the digital economy? Use the services of an Altcoin creator now. 

The process followed by an Altcoin generator is 

  • Choose the right tech stack - A variety of programming languages, web frameworks, and Application Programming Interfaces (APIs) are utilized by an Altcoin generator. Generally, this varies as per the choice of blockchain network (Ethereum, Binance Smart Chain (BSC), Solana, TRON, etc). 
  • Decide the use-cases - Digital assets have multiple use-cases. They can be used for margin trading, wealth management, staking, yield farming, insurance, peer-to-peer (P2P) lending, etc. 

Moreover, you must integrate APIs with popular crypto exchanges and Decentralized Finance (DeFi) platforms. This ensures glitch-free trading for corporate enterprises and investors. You can also include a bot for executing buy and sell orders automatically. 

Further, this fulfils the goals of investors (like growth in wealth and increasing profits in the short and long term). Hence, traders can track the performance of their portfolios on a real-time basis. 

  • Select the right consensus mechanism - There are so many blockchain networks now. The Lightning Network operates on the Proof of Work (PoW) consensus mechanism. However, scalability is gaining more importance now. 

Thus, Proof of Stake (PoS) and Delegated Proof of Stake (DPoS) consensus mechanisms are coming out now. They offer advantages like reduced energy consumption, mining powers depending on the percentage of coins held, instant processing of transactions, and seamless hosting of Decentralized Applications (DApps). 

Wrapping Up

As the crypto industry undergoes a tectonic shift, you must avail custom Altcoin solutions now. Create Altcoin like Bitcoin and enthral investors across the globe.

Posted in: Business, Technology
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