We all know that Bitcoin is currently the best-known cryptocurrency in the industry. Although some currencies tried and failed, the introduction of YOcoin seems to have a great chance of bucking this trend, mainly because a lot of people are expecting a lot from it.
The only concern here is if this new currency could be competitive enough to succeed against bitcoin when so many alternatives have already failed.
Let's have a close look at this new entrant and the feasible features that it may offer to all the folks out there who're hunting for a bitcoin alternative. Below are a few of the simple specifics that you should learn about.
The biggest advantage that YOcoin has is that it's simpler to mine and you will find a number of reports claiming that anybody can begin mining in your own home as long as you have a very good quality graphics card. As you may all know, you'll need a graphics card because it includes graphical processing units (GPUs) that are great at the SHA hashing mathematics essential to solve the transaction blocks.
If you're considering this new cryptocurrency, you won't have to use a high-end graphics card for mining. You could do this effortlessly through a decent graphics card.
Wallets are already obtainable for Windows, Mac OS X and Linux so hunting this new altcoin will truly be easier today. All the transactions made and the coins accumulated can also be recorded in a blockchain.
The Chief Operating Officer of YoCoin, Dave Wilson, clearly stated that they have been working very hard on this project for several years so they are looking forward to see this currency to a higher level. This will definitely be really intriguing since they lay out their future plans for the currency. Networking marketing organizations are already acquiring lots of benefits from this cryptocurrency, but the team is planning to bring this to casinos and other merchants in the future. The success of this plan will depend solely on how they're going to implement it. Well, it will likely be hard for people to accept this kind of currency, but when it is implemented, there will be a lot of advantages to the users.
It's essential to understand the different improvements that the team wants to adopt in the foreseeable 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 likely be used as a collectible instead of currency, but you can use it either way.
Many people are expecting a lot from this new mode of Internet cash so it's going to be very interesting. They are all hoping that it'll be the currency that will competitor Bitcoin.
This is made entirely for a younger crowd, especially for millennials so it should be anticipated that it will likely be simpler to mine. You can research about this currency before you begin mining.
Visit the What is YOcoin website