For countless years, Bitcoin has always been the dominating cryptocurrency, many have attempted to rival it and failed. Essentially, they didn't acquire the outstanding results that they anticipated, but a new competition seems very certain that they can match or even surpass this currency. The arrival of YoCoin could be a threat to bitcoin, but they will need a competitive advantage if they really want to de-throne the king.
If you are very interested how this new entrant can beat the current king of the cryptocurrency industry and fulfill the needs of the individuals who are trying to find a bitcoin alternative, here are the details to know.
YOcoin became extremely popular because it is simpler to mine compared to other coins. There are also a few reports stating that you can mine at the convenience of your home when you have a very good quality graphics card. You'll need a graphics card for mining because it includes graphical processing units (GPUs) that are used at the SHA hashing mathematics to help solve the transaction blocks.
With this new kind of cryptocurrency, you don't need to use a high-end graphics card simply to start mining because you may do this at home with little effort via a decent graphics card.
Wallets are now accessible for Windows, Mac OS X and Linux so you can start searching this altcoin at this time. All the coins that you will mine will also be recorded in a blockchain.
The Chief Operating Officer of YoCoin, Dave Wilson, mentioned that they've been spending so much time on this venture for a very long time so they are looking forward to bring it to another level and beyond. This will definitely be really interesting since they lay out their future plans for the currency. Network marketing businesses are acquiring a lot of benefits from this cryptocurrency, but the team is looking to bring this to casinos and other merchants in the future. The success of this plan will depend on how they are going to implement this. Well, it will likely be tough for folks to accept this type of currency, but when it is implemented, there will probably be plenty of advantages to the users.
You need to understand the innovations that the team wishes to adopt in the future such as the mobile wallet for android users and the issuance of physical coins. These coins could be used as a gift to your friends and family and you can always collect them if you want. They are expecting that this coin will only be regarded as a collectible instead of currency, but you may use it either way.
Many folks are expecting a lot from this new mode of Internet cash so it'll be quite interesting. They all are hoping that it'll be the currency that will competitor Bitcoin.
Since this is more obtainable and much easier to mine than bitcoin, you may expect that a younger crowd, particularly millennials can get involved with this. If you are really interested in this cryptocurrency, it's best to start researching about it as soon as possible.
Read more about YOcoin here