Bitcoin has always been the dominating cryptocurrency in the market, many have tried and failed to surpass it. Fundamentally, they did not get the stellar results that they anticipated, but a new competition seems very positive that they can match or even exceed this currency. With the arrival of YOcoin, bitcoin will encounter a new rival, but the only concern is if they can actually have the competitive advantage to achieve success.
If you're interested to know what this new entrant can offer to all the people who are looking for a bitcoin alternative below are a few of the information that you must know.
YOcoin is said to be much easier to mine compared with other cryptocurrencies at this time. According to reports, you could even mine at home with the use of a good quality graphics card. This may benefit you greatly because you will not have to spend plenty of money to buy a high-end graphics card to make sure that you can mine the coins. 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 will also be noted in a blockchain. Wallets are now available for Windows, Mac OS X and Linux so you can begin mining this new altcoin.
As outlined by Dave Wilson, Chief Operating Officer of YOcoin, they've been working on this task for a long period and they're very excited to take this currency to a higher level. This is quite interesting as they are planning a lot of things for the future of this currency. Network marketing companies are already getting advantages from this currency so the team is intending to expand its reach to casinos and other vendors.
It is undoubtedly a tough task, but it's not impossible to accomplish as this currency has been accumulating plenty of hype in recent times. If this currency will likely be accepted and implemented by casinos and other vendors, the users will surely benefit from this.
It's very important to know more about the improvements that YOcoin will adopt in the future like the issuance of physical YOC coins and mobile wallet for Android users. These coins may be used as collector's item or you can also use this as gift for your family and friends.
These coins might be a collectible, but you could use this as a form of currency as well. This makes it a very fascinating add-on to the cryptocurrency scene and plenty of people are looking forward to obtaining them.
From what we have observed so far, we can anticipate even more from it. This will surely rival Bitcoin in the foreseeable future.
This is a lot simpler to mine compared to bitcoin so it's already expected that a younger crowd and millenials will be involved with this. You should research about this if you want to try it out.
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