About Ycash (YEC)
Ycash (YEC) is a digital currency, like Bitcoin or . In fact, the software for is based on the software for , which in turn is based on the software for Bitcoin. also shares something else in common with : shared blockchain history. The first 570,000 blocks of the blockchain are the same as the first 570,000 blocks of the blockchain. Like Bitcoin and , the total supply of Ycash is forever capped at 21 million coins. So, unlike government-issued paper cash, you never have to worry about inflation devaluing your Ycash.
The Privacy Problem. Bitcoin lacks privacy. The whole world can see all of your transactions The Distribution Problem. The ongoing initial distribution of bitcoin (via “mining”) is dominated by manufacturers of specialized computer hardware and their business partners.
Zcash improved upon Bitcoin by implementing a revolutionary solution to The Privacy Problem. But The Distribution Problem remains. By building upon the Zcash codebase, Ycash leverages Zcash’s solution to The Privacy Problem. And by aggressively pursuing mining on commodity hardware by all available means, including periodic changes to Ycash’s mining algorithm, Ycash aims to address The Distribution Problem.
Ycash (YEC) Storage Key Points
|Circulating Supply||11,389,687.50 YEC|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
We believe that addressing The Distribution Problem is necessary for a digital currency to achieve widespread, grassroots adoption. As one engineer working on Ycash put it, if the mining process is largely controlled by specialized hardware created by a far-off foreign manufacturer, the coin seems “distant”. Mining is an important way for users to participate in a digital currency’s community, and mining on commodity hardware opens up the mining process up to a much larger group of users.
Another key component of Ycash’s approach to addressing The Distribution Problem is upholding a promise that originated from Zcash: that 90% of the coins would be distributed via the mining process. The structure of the Ycash Development Fund upholds that promise: With 5% of the coins starting at block height 570,000 going to the Ycash Development Fund, 90% of the total 21 million Ycash coins will be allocated via the free market mining process.
Ycash Coin Price & Market Data
Ycash price today is $0.331440 with a 24-hour trading volume of $0.00. YEC price is up 36.0% in the last 24 hours. It has a circulating supply of 11 Million YEC coins and a total supply of 21 Million. If you are looking to buy or sell Ycash, CITEX is currently the most active exchange. Ycash is a digital currency, like Bitcoin or Zcash.
In fact, the software for Ycash is based on the software for Zcash, which in turn is based the software for Bitcoin. Like Bitcoin and Zcash, the total supply of Ycash is forever capped a 21 million coins. So, unlike government-issued paper cash, you never have to worry about inflation devaluing your Ycash.
Ycash also shares something else in common with Zcash: shared blockchain history. The first 570,000 blocks of the Ycash blockchain are the same as the first 570,000 blocks of the Zcash blockchain. That means that everyone in control of Zcash private keys as of block height 570,000 (around July 18, 2019) will be able to use those private keys to access the same amount of Ycash. So, those that currently have a vested interest in the future of Zcash (by holding Zcash) automatically have a vested interest in the future of Ycash.
Exchanges Most Active Exchanges
The following exchanges have the most active markets for buying and selling Ycash and Wry (Wrapped Ycash):
- SouthXchange (YEC/USDT, YEC/BTC, and WRY/YEC)
- Hotbit (YEC/USDT)
- SafeTrade (YEC/BTC, YEC/ZEC, YEC/ETH, and YEC/DGB)
- Citex (YEC/BTC, YEC/ETH, and YEC/USDT)
- PancakeSwap (WRY/BUSD, WRY/BNB, and WRY/CAKE)
- Search for the WRY contract address for Binance Smart Chain: 0x4F0c54c06bC401D02Df557FD65eE30F622155cf6