Bitcoin has always been the most dominant cryptocurrency in the market, many have tried and failed to exceed it. Well, they didn't acquire the results that they were expecting, but a new challenger has emerged and YOcoin is incredibly positive that it could match or even surpass bitcoin. The introduction of YOcoin may be a threat to bitcoin, however they will need a competitive advantage if they genuinely wish to beat the king.
In case you are intrigued by what this new entrant can provide to the folks who are searching for a bitcoin alternative, listed below are a few of the important specifics that you must understand.
If there is one thing that YOcoin is very proud of, it's the fact that it's much easier to mine. Additionally, there are a few reports claiming that you may mine these coins in your own home as long as you have a decent graphics card. As you may all know, you'll need a graphics card as it contains graphical processing units (GPUs) that are great at the SHA hashing mathematics necessary to solve the transaction blocks.
In case you are planning to think about this new cryptocurrency, you won't need to spend on a high-end graphics card for mining because you may do this very easily through a great quality graphics card.
As of these days, wallets are already available for Windows, Mac OS X and Linux so it will likely be simpler to hunt this new altcoin. All of the transactions made and the coins collected will also be recorded in a blockchain.
The Chief Operating Officer of YOcoin, Dave Wilson, said that they have been working very hard on this task for a long period so they are looking forward to bring this currency to another level and beyond. This can be very interesting since they're laying out their future plans for this currency. Network marketing firms get plenty of advantages from this cryptocurrency, but the team is trying to expand their reach and bring this to casinos and other merchants. The success of this plan will depend solely on how they are going to implement it. Well, it will likely be tough for individuals to accept this type of currency, but when it is applied, there will probably be a lot of advantages to the users.
You must fully understand the improvements that the team wishes to adopt in the future like the issuing of physical coins and the addition of mobile wallet for android users. These coins may be used as a gift to your friends and family and you could always collect them if you would like. They are expecting that this coin will only be regarded as a collectible rather than currency, but you could use it either way.
This will be quite interesting and a lot of people are expecting a lot from this new form of Internet cash. They are hoping that this will rival Bitcoin.
This currency is easier to mine compared to bitcoins so a younger crowd, specifically millennials, will surely be fascinated by the new currencies progress. You must start researching about this new cryptocurrency in case you need to be ahead of the game. Check out he What is YOcoin video channel.
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