Bitcoin has reigned over the cryptocurrency industry for years because those who tried to challenge it ended up making mistakes and they didn't obtain the results that they needed. However, a new competitor is challenging the current king and it's stated that it might offer better features for all the people who're mining coins and those who want to try it. YOcoin has been attracting plenty of hype lately due to the features that they offer, but the only question right now is whether the competitive advantage of this currency will be strong enough, which will be required if they want to beat bitcoin. We will pay attention to this new entrant and the possible features that it could offer to the individuals who want to look for a bitcoin alternative.
YOcoin is said to be much easier to mine compared to other cryptocurrencies at this time. As outlined by reports, you can even mine at home with the use of a great quality graphics card. This will 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 could mine the coins. Graphics card usually contains graphical processing units (GPUs) that are very important for SHA hashing mathematics, which will be used to solve transaction blocks. The same with bitcoin, your transactions will also be documented in a blockchain. You may start mining this altcoin because wallets are already accessible for Windows, Mac OS X and Linux.
Dave Wilson, Chief Operating Officer of YOcoin, said that they have been working for a long time to finish this project and they are looking forward to take this currency to another level. This is surely fascinating because they have been preparing for the future of this currency. Network marketing companies are obtaining benefits from this kind of currency and the team is also intending to bring it to casinos and other vendors.
It's definitely a difficult task, but it's not impossible to achieve because this currency is attracting plenty of hype in recent times. If this currency will be accepted and implemented by casinos and other merchants, the users will undoubtedly benefit from this.
It's essential to understand the different innovations that the team wants 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 friends and family and you could collect them if you'd like. They are expecting that this coin will likely be used as a collectible rather than currency, but you can use it both ways.
This may be very fascinating and plenty of people are expecting a lot from this new type of Internet cash. They all are hoping that it will likely be the currency that will rival Bitcoin.
This is made entirely for a younger crowd, especially for millennials so it should be expected that it will likely be much easier to mine. You may research about this currency before you begin mining.
Go here for more on YOcoin