Everybody knows that Bitcoin is currently the best recognized cryptocurrency in the industry. Though a few currencies tried and failed, the arrival of YOcoin seems to have a great chance of bucking this trend, mainly because lots of people are anticipating a lot from it.
The only issue with this is that some folks are asking if this new entrant has the competitive advantage to achieve success against bitcoin when so many have already been unsuccessful.
We will take a critical look at this entrant and the benefits that it could offer to all the people who are looking for a bitcoin alternative. Listed below are a few of the simple facts that you should know about.
YoCoin is becoming popular lately because it is claiming that you could effortlessly mine their coins compared with bitcoins. As a matter of fact, reports mentioned that you can begin mining at the comfort of your house so long as you have a very good quality graphics card. Well, a graphics card is incredibly important when mining these coins because it contains graphical processing units (GPUs) that are accountable in solving transaction blocks.
You will not have to use a high-end graphics card simply to start your mining because you do this with a decent graphics card. You should also know that the coins that you will mine can also be noted in a blockchain, same with the original bitcoin. Searching this new altcoin can also be easier because wallets are already obtainable for Windows, Mac OS X and Linux.
The Chief Operating Officer of YoCoin, Dave Wilson, clearly mentioned that they've been working very hard on this task for several years so they are looking forward to see this currency to the next level. This will likely be quite interesting since they are laying out their future plans for this currency. Network marketing companies get lots of advantages from this cryptocurrency, but the team is trying to grow their reach and bring this to casinos and other merchants. The success of the plan will actually depend on how they're going to implement this. It will likely be hard for people to accept this currency right off the bat, but once it's applied, it will provide lots of benefits to the users.
You must also take notice of the improvements that YoCoin will adopt in the foreseeable future like the mobile wallet for android users and the issuing of physical YOC coins. These coins may be used as a gift to your friends and family and you can also collect them if you would like.
Although a few people will probably consider this as a collectible item, it may still be used as currency. This will serve to be a good addition to the cryptocurrency scene and many folks are looking forward to get it.
We could definitely anticipate more from the team based upon their accomplishments. This will absolutely competitor Bitcoin in the future.
This is a lot simpler to mine compared to bitcoin so it's already expected that a younger crowd and millenials will likely be involved with this. You should research about this cryptocurrency if you'd like to try it out.
Read more about YOcoin here