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How To Make Your Own Cryptocurrency From Scratch (and how it works)How To Create Your Own Cryptocurrency: Step-by-Step Guide � Step 1: Research the Use Cases � Step 2: Choose a Consensus Mechanism � Step 3: Select a Blockchain. #1 Define Your Objectives. 1. Determine the Use for Your Cryptocurrency � 2. Select a Blockchain Platform � 3. Prepare the Nodes � 4. Choose a Blockchain Architecture � 5. Establish APIs � 6.