Bitcoin has dominated the cryptocurrency industry for years because those who attempted to challenge it ended up making mistakes and they didn't get the results that they needed. However, a new competitor has arrived and it is offering better benefits for the individuals who're currently mining coins and those who're planning to try it. YOcoin has been attracting lots of hype lately because of the benefits that they offer, but the only question at this time is whether the competitive edge of this currency will be strong enough, which will be required if they want to beat bitcoin. We will look closely at this new entrant and the probable benefits that it might offer to the folks who want to look for a bitcoin alternative.
Generally, YOcoin is atttracting lots of hype because it's said to be much easier to mine compared to bitcoins. As outlined by reports, you only need a good quality graphics card if you would like to start mining in the convenience of your house. A graphics card is extremely essential when mining coins since it has graphical processing units (GPUs) that are responsible in solving the transaction blocks.
Well, you do not need to use a high-end graphics card to begin mining because you can do this in your own home even with a great quality graphics card. The coins that you will get from mining can also be recorded in a blockchain, which is the same with bitcoin. This new altcoin is easier to find and wallets are now available for Windows, Mac OS X and Linux so you could begin straight away.
The Chief Operating Officer of YOcoin, Dave Wilson, stated that they've been working very hard on this project for some time so they are looking forward to bring this currency to a higher level and beyond. This will definitely be really fascinating as they lay out their future plans for the currency. Network marketing businesses are getting a lot of advantages from this cryptocurrency, but the team is attempting to bring this to casinos and other merchants in the foreseeable future. The success of the plan would really depend on how they're going to implement this. It's going to be hard for people to accept this currency right off the bat, but once it is applied, it will provide a lot of advantages to the users.
You must also find out more about the new improvements that YOcoin wants to adopt in the foreseeable future like mobile wallet for Android users and the issuing of physical YOC coins. These coins can be used as gift to your friends and family and you can decide to collect them as well.
These coins can be a collectible, but you could use this as a kind of currency as well. This makes it a very fascinating addition to the cryptocurrency scene and plenty of folks are looking forward to obtaining them.
From what we have observed so far, we should anticipate even more from it. This is something which will absolutely competitor Bitcoin.
This is a lot simpler to mine compared to bitcoin so it's already anticipated that a younger crowd and millenials will likely be involved with this. You should research about this if you'd like to try it out.
Read more about YOcoin here