Ycash Review : Is It Good Or Bad Coin Read Our Article

About Yec Coin Blockchain

Yec Coin Blockchain is a chain fork of Zcash. It has a 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. 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.

By building upon the Zcash codebase, Ycash leverages Zcash’s solution to The Privacy Problem. Through periodic changes to Ycash’s mining algorithm, Ycash also aims to address The Distribution Problem by ensuring that 90% of the coins would be distributed via the mining process. With 5% of the coins starting at block height 570,000 going to the Ycash Development Fund (managed by the nonprofit Ycash Foundation), 90% of the total 21 million Ycash coins will be allocated via the free market mining process.

Yec Coin Blockchain Point Table

Ycash is the future of cash

Ycash is a digital currency focused on empowering local and online communities around the globe.

Fair

95% of newly issued coins go directly to users via the permissionless, free-market mining process, a process open to anyone in the world with a GPU and an internet connection.

Fast

No need for trips to the bank or ATM. Your Ycash is always at your fingertips, 24 hours a day, 365 days a year. Send Ycash to anyone on the planet within minutes.

Fun

Borderless, inflation-free cash is empowering and fun! You will love earning, saving, and spending your Ycash.

Ycash Wallets

In order to use Ycash, you need a Ycash wallet, and there are many great wallets to choose from!

Shielded Wallets​

YWallet​

YWallet is fastest and most advanced Ycash wallet on the planet, featuring Warp Sync and shielded transactions!

YWallet is now available for Android, iOS, and desktop!

Download YWallet

YecWallet​

YecWallet is a full node Ycash wallet. It includes ycashd, the node software that powers the Ycash network, and will take care of configuring ycashd for you!

Because it is a full node, YecWallet will download the entire Ycash blockchain via the Ycash peer-to-peer network. (Currently, the blockchain is around 21 GB.)

Wry is Wrapped Ycash

Wry is a wrapped Ycash token for smart contract platforms like Ethereum and Binance Smart Chain. The ticker symbol for Wry is WRY. The ticker symbol for Ycash is YEC. Each WRY coin represents a YEC coin that has been taken out of circulation by the Ycash Foundation. “Out of circulation” means that the coin cannot be used for any purpose. 

The Ycash Foundation promises that the total number of YEC in circulation plus the total number of WRY in circulation will never exceed the amount of YEC previously mined on the Ycash blockchain. As such, the value of 1 WRY is meant to equal the value of 1 YEC. Regardless of whether the free market values WRY and YEC equally, the Ycash Foundation will always treat their values as being equal.

Features

Privacy

The zk-SNARKS protocol is used by the privacy-focused cryptocurrency Ycash to safeguard users’ transaction data. This guarantees users a high level of privacy and security and makes all transactions on the site fully anonymous and untraceable.

Decentralization

Ycash is a platform that is run independently from any institution or centralized authority. Because there are no middlemen or intermediaries engaged in platform transactions, users have total control over their money.

Community-driven:

Ycash is intended to be a platform that is driven by the global community of users who come together to build a more decentralized and just financial system. A community-elected board of directors oversees the platform, ensuring that all decisions are made in the best interests of the community in mind.

Scalability

Ycash is intended to be a highly scalable platform with the capacity to swiftly and effectively handle a significant volume of transactions. It is therefore the best option for consumers who need to send significant sums of money swiftly and securely.

Accessibility

Ycash was created with users of all backgrounds and skill levels in mind. There are no complicated technical requirements to get started, and the platform is simple to use. Users can easily and quickly set up an account and begin sending and receiving money utilizing the platform.

Conclusion

In conclusion, Ycash is a virtual currency created to support global online and local communities. Ycash is a strong and cutting-edge platform that is poised to transform the financial industry thanks to its emphasis on privacy, decentralization, community-driven governance, scalability, and accessibility.

Ycash offers an alternative to conventional banking and financial institutions by giving users access to a more decentralized and community-driven financial system. The platform is the best option for individuals who are new to the world of digital currencies because it is made to be accessible to users of all backgrounds and experience levels.

In general, Ycash is a promising platform with the potential to change how we see money and financial activities. Ycash is positioned to establish itself as a prominent digital currency that supports local and online communities all over the world because to its dedication to privacy, decentralization, and community-driven governance.

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