Everyone knows that Bitcoin is currently the best recognized cryptocurrency in the market. Even though some currencies tried and failed, the arrival of YOcoin seems to have a great chance of bucking this trend, mainly because plenty of people are anticipating a lot from it.
The only problem with this is that a few folks are asking if this new entrant has the competitive advantage to achieve success against bitcoin when so many have already failed.
Let's have a close look at this new entrant and the probable benefits that it could offer to all the people out there who're hunting for a bitcoin alternative. Listed here are the specifics that you need to bear in mind about this.
YOcoin is attracting a lot of hype lately because it's stated that mining is easier compared to bitcoins. As a matter of fact, reports stated that you may begin mining at the convenience of your house so long as you have a decent graphics card. A graphics card is very essential when mining coins since it has graphical processing units (GPUs) that are responsible in solving the transaction blocks.
You will not have to use a high-end graphics card just to start your mining because you accomplish this with a decent graphics card. The coins that you will get from mining will also be recorded in a blockchain, which can be the same with bitcoin. Hunting this new altcoin will also be easier because wallets are already available for Windows, Mac OS X and Linux.
Based on the affirmation of Dave Wilson, Chief Operating Office of YOcoin, they worked hard on this task for a long time and they are looking forward to bring this currency to a higher level and beyond. Fundamentally, from what they are intending to do, this can be quite intriguing.
Network marketing businesses have been receiving a lot of benefits from this new payment medium, but the team is also looking at casino platforms and other vendors. This is undoubtedly a very good idea, but their success would depend on how they implement it.
This can be a little hard because bringing in a new currency to these institutions will take plenty of convincing and hard work. It will be a lot of work, but once it's accepted and implemented there will be plenty of benefits for the users.
It is very important to know more about the innovations that YOcoin will adopt in the future like the issuance of physical YOC coins and mobile wallet for Android users. These coins might be used as collector's item or you can also use this as gift for your family and friends.
Fundamentally, these coins could be viewed as a collectible, but you could also use it as a currency. This makes it a very intriguing add-on to the cryptocurrency scene and a lot of folks are looking forward to obtaining them.
We can undoubtedly anticipate more from the team based upon their accomplishments. This will definitely rival Bitcoin in the future.
This is much simpler to mine compared to bitcoin so it is expected that a younger crowd and millennials will get involved in this. You should research about this if you would like to try it out.
Visit the YOcoin website here