How To Use Your Own Favicon for Blogger Blog by Replacing Default blogspot Favicon

What is favicon ?
Favicon is the small picture displays on left of address bar of your browser while you open a website. Usually it is in ico format because all major browsers support ico format.
How to Change Blogger Blog Favicon
In order to change your blogger blog favicon, you should upload your favicon in your hosting place or any image hosting sites (Some major image hosting sites do not support ico format). Then follow the steps below.
1. Login to your Blogger account
2. Click on Design tab

3. Click on Edit HTML
Now Paste following code on the blogger header (for more details look the second image below).

It should be like:

Note: The location shown in the image is just a demo as I am planning to migrate my blog to my own server space.
4. Save Template
Click on SAVE TEMPLATE

To Create Your own Favicon for your Blog or Website

Favicon is the short form of favorite icon. One of my favorite tool is http://www.favicongenerator.com/ It is very simple to use. If you like to add more changes to your favicon, I suggest following tools.
1. http://favicon.cc
2. http://tools.dynamicdrive.com/favicon/
3. favicon.co.uk
4. http://antifavicon.com/
5. http://www.iconj.com/
There are many other quality tools available. You can just search in Google by typing favicon generator.