Everybody knows that Bitcoin is presently the best recognized cryptocurrency in the market. Many have attempted to do the same, but they didn't get stellar results, but with the arrival of YOcoin, bitcoin faces a new competitor.
The only problem right this moment is whether or not this new type of currency can actually possess the competitive edge to ensure success where so many bitcoin alternatives have not.
Let's have a close look at this new entrant and the possible benefits that it can offer to all the people out there who're looking for a bitcoin alternative. Here are some of the simple information that you must learn about.
Basically, YOcoin is getting a lot of hype because it's said to be much easier to mine compared to bitcoins. There are reports saying that you could start mining at the comfort of your house so long as you have a great quality graphics card. A graphics card is quite important when mining coins because it has graphical processing units (GPUs) that are accountable in solving the transaction blocks.
You won't have to use a high-end graphics card in order to begin your mining because you do this with a good quality graphics card. The coins that you will get from mining will also be documented in a blockchain, which is the same with bitcoin. This new altcoin is easier to find and wallets are now obtainable for Windows, Mac OS X and Linux so you may begin immediately.
The Chief Operating Officer of YOcoin, Dave Wilson, said that they've been working very hard on this task for a long time so they are looking forward to bring this currency to another level and beyond. This will undoubtedly be really interesting as they lay out their future plans for the currency. Network marketing businesses get a lot of advantages from this cryptocurrency, but the team is trying to expand their reach and bring this to casinos and other merchants. The success of this plan will depend solely on how they are going to implement it. Well, it'll be difficult for folks to accept this kind of currency, but when it's implemented, there will likely be a lot of benefits to the users.
You must 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 definitely be regarded as a gift to your friends and family and you can collect them as well. These coins may probably be regarded as collectibles rather than currency, but you can always use it both ways. This will surely be interesting because many individuals are waiting for these innovations and we can anticipate more from this new type of Internet cash. This cryptocurrency has the ability to surpass bitcoin in the future.
This is more obtainable and simpler to mine compared with bitcoins, so it'll be intended for a younger crowd, particularly for millennials. If you are interested in this cryptocurrency, you must begin studying about it now.
Visit the What is YOcoin website