Bitcoin has dominated the cryptocurrency market for many years, which makes it the ultimate cryptocurrency these days. Many have tried to do the same, but they didn't get stellar results, but with the introduction of YOcoin, bitcoin faces a new rival.
The only issue here is if this new currency may be aggressive enough to ensure success against bitcoin when so many alternatives have already failed.
We will take a close look at this entrant and the features that it can provide to all the folks who are trying to find a bitcoin alternative. Below are a few of the important information that you need to know.
YOcoin is actually much simpler to mine compared to other cryptocurrencies and based upon different reports, you could even begin mining at home with a decent graphics card. This is absolutely a great benefit because as you most of you know, you need a high-end graphics card to make sure that you could mine coins properly. Graphics card usually contains graphical processing units (GPUs) that are very important for SHA hashing mathematics, which will likely 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 start mining this new altcoin.
Based on the statement of Dave Wilson, Chief Operating Office of YoCoin, they worked hard on this venture for a long time and they're looking forward to bring this currency to a higher level and beyond. Generally, from what they're planning to do, this will be very fascinating.
You can see already that network marketing firms are obtaining plenty of advantages from adopting this new currency, but the YoCoin team is intending to bring it also to casino platforms and other vendors in the foreseeable future. This is a great idea, however they have to be careful on how they will implement it.
It is a wise decision to include this currency to other institutions, but they will need lots of persuading and determination. It's true that it'll be plenty of work, but when this currency is accepted and implemented, the users will get a lot of advantages.
You must realize that the new innovations that YoCoin wishes to do in the future may benefit you greatly like the issuing of physical YOC coins and mobile wallet for Android users. These coins can in fact be regarded as a gift to your friends and family and you can collect them as well. These coins will be considered as collectibles by a few individuals instead of currency, but it may be used both ways. This will definitely be fascinating because many people are waiting for these improvements and we can anticipate more from this new type of Internet cash. This cryptocurrency will rival bitcoin or exceed it.
Since this is more obtainable and simpler to mine than bitcoin, you can anticipate that a younger crowd, particularly millennials will get involved with this. In case you are really intrigued by this cryptocurrency, it's best to start researching about it as soon as possible.
Get more info on YOcoin Cryptocurrency here