What is the process for adding new crypto currencies to a ledger?

1 answers

• Mar 18, 2022 · 3 years ago
  When it comes to adding new cryptocurrencies to a ledger, the process can vary depending on the specific ledger and its requirements. However, in general, the process involves several key steps. First, the development team of the cryptocurrency needs to create a new blockchain or token. This can be done by forking an existing blockchain or creating a new one from scratch. Once the blockchain or token is created, it needs to undergo thorough testing and auditing to ensure its security and functionality. After that, the cryptocurrency needs to be listed on exchanges to gain liquidity and visibility. The listing process usually involves submitting an application, meeting certain criteria set by the exchanges, and paying a listing fee. Once listed, the cryptocurrency can be traded and its transactions recorded on the ledger.
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