At this time, Bitcoin is probably the best known cryptocurrency in the industry and practically nothing has ever come near to it. There are a few currencies that also attempted to do the same, but they didn't acquire the same results, but the arrival of YOcoin appears to be a bit different.
The only concern here is if this new currency could be competitive enough to ensure success against bitcoin when so many alternatives have already failed.
Let us have a critical look at this new entrant and the feasible benefits that it may offer to all the people out there who are hunting for a bitcoin alternative. Here are a few of the simple specifics that you should learn about.
YOcoin is said to be easier to mine compared with the other cryptocurrencies on the industry today and according to reports, you could even mine at home so long as you have a decent graphics card. This may benefit you greatly because you won't have to spend lots of money to buy a high-end graphics card to make sure that you may mine the coins. Graphics card includes graphical processing units (GPUs) that are extremely great at the SHA hashing mathematics needed to solve transaction blocks. Like bitcoin, your coins will also be documented in a blockchain. You may start mining this altcoin because wallets are already available for Windows, Mac OS X and Linux.
In accordance with the statement of Dave Wilson, Chief Operating Officer of YOcoin, they have been working for some time to finish the venture and they're looking forward to bring the currency to the next level. This is quite fascinating since they're planning a lot of things for the future of this currency. Network marketing businesses are obtaining benefits from this kind of currency and the team is also intending to bring it to casinos and other vendors.
It's undoubtedly a hard task, but it is not impossible to achieve since this currency has been getting lots of hype in recent times. Once this new currency is approved and applied by these casinos and other merchants, the users will certainly get plenty of advantages.
You should understand the new innovations that YOcoin wants to do in the future like the issuance of physical YOC coins and mobile wallet for Android users. These coins can actually be regarded as a gift to your friends and family and you could collect them as well. These coins will be regarded as collectibles by some folks rather than currency, but it could be used either way. This will surely be intriguing because lots of folks are waiting for these improvements. We could possibly expect more from this new type of Internet cash. This cryptocurrency will competitor bitcoin or exceed it.
This currency is simpler to mine compared with bitcoins so a younger crowd, specifically millennials, will surely be fascinated by the new currencies progress. You must start studying about this new cryptocurrency in case you want to be well prepared.
Read more about YOcoin here