How does it work out when a business wants to create its own digital coin? Does this mean they buy a data center and try to mine coins or what? I understand something like ethereum as it is for smart contracts but having problems understanding other altcoins.
I don't recommend companies or businesses to set up their own chain or coin without understanding first how the technology works and what they are offering to the community, I have seen one insurance company trying to create his own mining coin or coin in smart contract without concrete plan about their coin and roadmap, this will result to failure.