For countless years, Bitcoin has remained the dominant cryptocurrency, many have tried to rival it and failed. They did not acquire the results that they want, but a new adversary has emerged and YOcoin is actually positive that it may exceed the achievements of bitcoin. With the arrival of YOcoin, bitcoin will confront a new competitor, but the only problem is if they can actually possess the competitive edge to achieve success.
In case you are curious about what this new entrant can offer to the folks who are hunting for a bitcoin alternative, below are a few of the essential details that you must understand.
YOcoin is actually simpler to mine compared with other cryptocurrencies and based upon different reports, you can even start mining in your own home with a decent graphics card. This may benefit you greatly because you won't have to spend plenty of money to buy a high-end graphics card to make sure that you can mine the coins. Graphics card contains graphical processing units (GPUs) that are really essential for SHA hashing mathematics, which will then be used to solve transaction blocks. The same with bitcoin, your transactions can also be recorded in a blockchain. Wallets are now available for Windows, Mac OS X and Linux so you could begin mining this new altcoin.
The Chief Operating Officer of YOcoin, Dave Wilson, clearly stated that they've been working very hard on this project for countless years so they are looking forward to see this currency to a higher level. This will definitely be really interesting because they lay out their future plans for the currency. Network marketing firms get a lot of advantages from this cryptocurrency, but the team is trying to expand their reach and bring this to casinos and other vendors. The success of this plan will depend solely on how they're going to implement it. You could claim that it would be quite difficult for folks to accept this new type of currency, but once it's implemented, there will certainly be plenty of benefits to the users.
It's essential to know the different innovations that the team wishes to adopt in the future like the mobile wallet for Android users and the issuance of physical coins. These coins can in fact be used as a gift to your family and friends and you could collect them if you'd like. They are anticipating that this coin will only be viewed as a collectible rather than currency, but you can use it either way.
This can be extremely interesting and plenty of people are already expecting a lot from this new mode of Internet cash. They are hoping that this will competitor Bitcoin.
This is a lot simpler to mine compared to bitcoin so it is already anticipated that a younger crowd and millenials will probably be involved with this. If you would like to try this out, you must begin your research about this without any further delay.
Go here for more on YOcoin