Ycash is a type of digital currency, similar to Bitcoin and Zcash. Ycash’s software is actually based on the technology for Zcash, which is in turn software – based on Bitcoin.
The entire quantity of Ycash currencies, like those of Bitcoin and Zcash, is permanently limited to 21 million coins. As a result, unlike government-issued paper money, you will never have to worry about your Ycash becoming worthless due to inflation.
About Ycash
Ycash is a chain fork of the cryptocurrency Zcash. It has a common blockchain history, as does everyone else. There are no differences between the first 570,000 blocks of the Ycash blockchain and the first 570,000 blocks of the Zcash blockchain.
Everyone who has control of Zcash secret information as of transaction height 570,000 (approximately July 18, 2019) would be able to utilise that encryption information to acquire the same quantity of Ycash as everyone else who has possession of Zcash private keys.
The holders of Zcash, who have a vested stake in the outcome of Zcash due to their ownership of Zcash, will immediately have an invested stake in the outcome of Ycash as well.
What is Ycash [YEC]?
By establishing a decentralised, deflationary, community token, Ryoshi has ensured that it is developed by the people, for the people. Despite the fact that Ryoshi resolves the big challenges facing Doge and Shiba, he does it while keeping the same meme communal energy that has caused both assets to soar to unprecedented heights.
Who Are the Founders of Ycash [YEC]?
Howard Loo was the driving force behind the establishment of the Foundation. Howard graduated from Stanford University with an undergraduate computer science degree and from the University of California, Berkeley with a graduate law degree. He is an attorney who is a member of the California State Bar.
What Makes Ycash Unique?
Zcash made significant improvements over Bitcoin by implementing an ingenious approach to the Privacy Problem. However, the issue of distribution continues to be a problem.
Zcash’s answer to The Privacy Problem is leveraged by Ycash, which is based on the Zcash source codebase. Furthermore, by actively pursuing mining on existing hardware by any and all accessible ways, including periodic adjustments to Ycash’s search algorithm, Ycash intends to address The Distribution Problem by addressing it.
Another thing that Ycash and Zcash have in common is that both have a shared blockchain history. There are no differences between the first 570,000 transactions of the Ycash blockchain and the first 570,000 nodes of the Zcash blockchain.
Where Can You Buy Ycash [YEC]?
If you’re looking for a place to purchase Ycash, the best cryptocurrency exchanges to use right now are Hotbit, SafeTrade, and SouthXchange.
Frequently Asked Questions
Can I Buy Ycash [YEC] With Cash?
No. There is no direct method to purchase Ycash using cash. You can, however, utilise markets such as LocalBitcoins to first acquire BTC, and then complete the remainder of the procedures by moving your BTC to the appropriate AltCoin exchangers.
Are there any quick ways to buy Ycash [YEC] in Europe?
Yes, in reality, Europe is one of the easiest countries to acquire cryptocurrency in general. There are also online banks where you can create an account and send funds to exchanges like Coinbase and Uphold.
On what factors does the price of the Ycash [YEC] Depend?
Exchange inflows and outflows, technical and fundamental changes, the news cycle, and the overall economic climate are all variables that impact Ycash’s price and market cap.
Ycash Official Website –https://www.ycash.xyz/
Ycash Official Twitter –https://twitter.com/YcashFoundation
Ycash Official Reddit –https://reddit.com/r/ycashtalk
Ycash Official Medium –https://medium.com/@YcashFoundation
