At this time, Bitcoin is probably the best known cryptocurrency in the market and practically nothing has ever come near to it. Though a few currencies tried and failed, the arrival of YOcoin seems to have a great chance of bucking this trend, mainly because lots of individuals are expecting a lot from it.
The only problem with this is that a few people are asking if this new entrant has the competitive advantage to succeed against bitcoin when so many have already failed.
Let us have a critical look at this new entrant and the possible features that it may offer to all the folks out there who're trying to find a bitcoin alternative. Listed here are the specifics that you have to keep in mind about this.
YoCoin is attracting a lot of hype lately because it is declared that mining is less complicated compared with bitcoins. There are reports claiming that you could start mining at the convenience of your house as long as you have a very good quality graphics card. A graphics card is very important when mining coins because it has graphical processing units (GPUs) that are responsible in solving the transaction blocks.
Well, you do not need to use a high-end graphics card to begin mining because you can do this at home even with a good quality graphics card. The coins that you'll get will likely be noted in a blockchain so it's pretty much the same with bitcoin. You have to recognize that finding this new altcoin will be simpler and wallets are now accessible for Windows, Mac OS X and Linux.
The Chief Operating Officer of YoCoin, Dave Wilson, declared that they have been working really hard on this project for some time so they are looking forward to bring this currency to a higher level and beyond. This will probably be quite intriguing because they're laying out their future plans for this currency. Network marketing organizations are obtaining plenty of advantages from this cryptocurrency, but the team is attempting to bring this to casinos and other vendors in the foreseeable future. The success of this plan would depend on how they are going to implement this. Well, it'll be difficult for folks to accept this type of currency, but when it is implemented, there will likely be lots of benefits to the users.
You should also know more about the new innovations that YoCoin wishes to adopt in the foreseeable future like mobile wallet for Android users and the issuing of physical YOC coins. These coins can be used as collector's item or you may also use this as gift for your friends and family.
Fundamentally, these coins might be considered as a collectible, but you may also use it as a currency. This makes it a quite fascinating add-on to the cryptocurrency scene and a lot of people are looking forward to getting hold of them.
We can absolutely anticipate more from the team based on their achievements. This will absolutely rival Bitcoin in the foreseeable future.
This is made for a younger crowd and millennials so you may expect that this could be much simpler to mine. You need to start studying about this new currency now if you'd like to start mining.
Click here for more info on YOcoin