Bitcoin has always been the dominating cryptocurrency in the market, many have tried and failed to surpass it. Generally, they didn't acquire the stellar results that they expected, but a new competition seems very certain that they could match or even exceed this currency. The introduction of YOcoin will surely be a threat to bitcoin, but they must have a competitive advantage if they want to beat the king.
If you are interested to determine what this new entrant can offer to all the individuals who're hunting for a bitcoin alternative listed below are a few of the information that you need to know.
Generally, YOcoin is atttracting lots of hype because it is said to be much much easier to mine compared with bitcoins. As a matter of fact, reports mentioned that you may begin mining at the convenience of your house so long as you have a great quality graphics card. A graphics card is quite important when mining coins as 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 start your mining because you do this with a great quality graphics card. The coins that you will get from mining will also be documented in a blockchain, which can be the same with bitcoin. Hunting this new altcoin will also be easier because wallets are already accessible for Windows, Mac OS X and Linux.
The Chief Operating Officer of YOcoin, Dave Wilson, clearly stated that they have been working really hard on this task for a long period so they are looking forward to see this currency to a higher level. This will certainly be really interesting because they lay out their future plans for the currency. Networking marketing organizations are already acquiring plenty of advantages from this cryptocurrency, but the team is intending to bring this to casinos and other merchants in the foreseeable future. The success of the plan will actually depend on how they're going to implement this. It's going to be hard for folks to accept this currency right from the start, but once it's implemented, it will offer lots of advantages to the users.
You should understand the new improvements that YOcoin wishes to do in the future like the issuance of physical YOC coins and mobile wallet for Android users. These coins can in fact be considered as a gift to your family and friends and you may collect them as well. These coins may possibly be considered as collectibles instead of currency, but you can always use it both ways. This will truly be fascinating because plenty of folks are waiting for these innovations. We could possibly anticipate more from this new type of Internet cash. This new cryptocurrency will surely competitor bitcoin or most likely surpass it.
This currency is easier to mine compared with bitcoins so a younger crowd, specifically millennials, will truly be fascinated by the new currencies progress. If you're really interested in this cryptocurrency, it's best to start researching about it as soon as possible.
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