How to create your own CryptoCurrency in 5 steps –

Create your own Cryptocurrency like Ethereum, Bitcoin and other cryptocurrencies. Creating your own cryptocurrency in 5 simple steps by Ali Solanki. Using the ERC20 tokens. Deploy your own cryptocurrency and make transactions.

In this video, I have used Ropsten test network in order to create the deploy the cryptocurrency as I can then use a faucet in order to generate ethers for free for the gas charges. However, you can use the Ethereum Network in order to deploy your cryptocurrency but you would require some ETH in your wallet to pay for the gas charges. I have also used Remix ( which is an online-compiler enabling us to deploy our following Smart Contract directly onto the Ethereum-Blockchain.

ERC-20 has emerged as the technical standard and is used for all contracts on the Ethereum blockchain for token implementation. In this video we will be using ERC20 for creating our own cryptocurrency.

00:00 Background
00:39 Create a Meta Mask account
01:42 Switching over to the Test Network
02:59 Coding our ERC20 Token
05:54 Deploying the Token
09:52 Final tests

EIP20.sol by Consensys:

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