Bitcoin has remained the dominating cryptocurrency in the industry, many have tried and failed to surpass it. Fundamentally, they didn't get the stellar results that they expected, but a new competition seems very positive that they could match or even exceed this currency. The introduction of YoCoin will surely be a threat to bitcoin, however they must have a competitive advantage if they want to beat the king.
In case you are curious about what this new entrant can provide to the individuals who are hunting for a bitcoin alternative, listed here are a few of the important specifics that you need to understand.
YOcoin became very popular because it is simpler to mine compared to other coins. There are also some reports claiming that you may mine at the convenience of your home in case you have a decent graphics card. You'll need a graphics card for mining as it includes graphical processing units (GPUs) that are used at the SHA hashing mathematics to help you solve the transaction blocks.
If you're considering this new cryptocurrency, you will not have to use a high-end graphics card for mining. You could accomplish this without difficulty via a good quality graphics card.
Wallets are already available for Windows, Mac OS X and Linux so hunting this new altcoin will surely be less complicated today. All of the coins that you'll mine will also be recorded in a blockchain.
Dave Wilson, Chief Operating Officer of YoCoin, said that they have been working for a very long time to finish this project and they're looking forward to take this currency to a higher level. This is quite interesting because they're planning plenty of things for the future of this currency. Network marketing businesses are already getting advantages from this currency so the team is intending to expand its reach to casinos and other vendors.
It may seem like a difficult task, but it is not impossible given the proven fact that this new currency is attracting lots of hype in the past few years. If the currency will actually be applied and recognized by casinos and other merchants, the users will benefit greatly from this.
You have to comprehend the new innovations that YoCoin wishes to do in the foreseeable future like the issuance of physical YOC coins and mobile wallet for Android users. These coins can serve as a gift for your family and friends and you could also collect them if you want. These coins will probably be viewed as collectibles by some folks instead of currency, but it might be used either way. This will definitely be interesting because many individuals are waiting for these improvements and we can anticipate more from this new mode of Internet cash. This cryptocurrency will competitor bitcoin or exceed it.
Because this is more obtainable and easier to mine than bitcoin, you could anticipate that a younger crowd, particularly millennials will get involved with this. If you are interested in this cryptocurrency, you should begin studying about it now.
Visit the YOcoin website here