Technology

Creation of digital currency

2024-01-03 02:09:43

How to use digital currency or crypto Cryptocurrency is the creation of digital currency that uses cryptographic technology. (cryptography) to maintain user security and privacy Cryptos have features that differ from regular currencies, such as the absence of a central controlling unit. No coins or banknotes were issued. and no value has been determined by any organization.

There are several steps to creating crypto. But can be divided into 2 main methods:

-Creating new crypto from scratch is developing and designing the crypto code yourself. Using a writing language suitable for the coin, such as C++, Python, Java, Solidity, etc. Choosing this method requires high knowledge and technical skills. You have to choose how your crypto will work, such as how to verify transactions (consensus mechanism), how to create blocks (block generation), and how to solve scaling problems. (scalability) and others

-Creating crypto from existing platforms, which means creating crypto that uses other crypto infrastructures such as Bitcoin, Ethereum, Binance Smart Chain, etc. Creating crypto from an existing platform has its advantages: No need to write all the code yourself. Don't worry about safety. And can take advantage of the network and community of that platform. There are many ways to create crypto from existing platforms, such as creating tokens (tokens) that are units of crypto. Creation of a currency with unique properties (coin) that is independent of cryptocurrencies. and creating a branch (fork) that is separated from the original crypto

Unit of measurement of crypto Creation of a currency with unique properties (coin) that is independent of cryptocurrencies. and creating a branch (fork) that is separated from the original crypto

Creating crypto is no longer difficult. There are many tools and resources available on the internet that can help you. But before creating crypto You must have a clear objective and goal of how your crypto will be useful. What problems will it solve for users? Additionally, you must comply with crypto-related laws and regulations in your country of residence. and must be careful about the risks and uncertainties of the crypto market.

Crypto creation in Thailand must comply with relevant laws, which are as follows:

-The Royal Decree on Digital Asset Business Operations, B.E. 2018, defines the scope, duties, and responsibilities of digital asset business operators. which includes exchange service providers Digital token offering system providers and digital token issuers Digital asset business operators must receive permission from the SEC and comply with the established requirements and regulations.

-Royal Decree amending the Revenue Code (No. 19) B.E. 2018, setting tax rates related to buying, selling, exchanging, or transferring digital assets. which includes income tax, value-added tax, and specific business taxes Those who earn income from trading, exchanging, or transferring digital assets must present and pay taxes according to law.

Creation of digital currency

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