How do new cryptocurrencies appear?

New cryptocurrencies emerge based on blockchain technology, creating unique opportunities for investors and developers. The process begins with an idea, which then transforms into a whitepaper, where the goals and mechanisms of the future cryptocurrency are described. The development team launches the cryptocurrency through Initial Coin Offering (ICO) or through mining. ICO allows raising funds for further development, while mining is a method of issuing new coins through computational processes. Each new currency has its own features, such as a consensus algorithm, transaction speed, and anonymity. The development of cryptocurrencies opens new horizons for financial operations but also involves risks that should be considered when investing.