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TRANSCRIPT
Introducing YOcoin, The World’s First TRUE Community-driven Cryptocurrency
First…What is Cryptocurrency?
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A Cryptocurrency is a digital currency that is created through mathematical engineering (algorithm).
It is designed to be open, anonymous, secure, fast and bypasses traditional financial structures.
Bitcoin, created in 2009, was the world’s first Cryptocurrency. Since then, many new Cryptocurrencies (also known as
Altcoins) have been introduced.
YOcoin
YOcoinBitcoin
Coin Limit 21 Million 84 Million
Algorithm
Mean Block Time
Difficulty Retarget
Block Reward Details
Initial Reward
Current Block Reward
Block ExplorerCreated By
Creation Date
SHA-256
10 Minutes
2016 Block
Halved every 210,000 blocks
50 BTC
25 BTCblockchain.info
Satoshi Nakamoto
January 3rd, 2009
Scrypt
2.5 Minutes
2016 Blocks
Halved every 840,000 blocks
50 YOC
50 YOC
explorer.yocoin.org
Jack Silvestri
December 8th, 2015
Bitcoin Statistics YOcoin Statistics
How YOcoin is different from Bitcoin
ADVANTAGES OF CRYPTOCURRENCY OVER TRADITIONAL MONEY
Currency VS Traditional
Digital currency maintains its users complete anonymity. When you make a purchase with traditional money your personal information
is attached to each and every transaction which can be used to track you and take note of your purchases. But cryptocurrency transactions
carry no personal information.
Cryptocurrencies aren't directly linked to the laws, rules or regulations of any government, corporation or bank. Hence, the interest rates, fees and
surcharges that you may have to pay on your bank account or credit card do not effect your transactions or cryptocurrency in any manner.
Accounts that hold traditional currency can be garnished or frozen completely. Cryptocurrencies, on the other hand, are not stored in
traditional banks.
How does YOcoin work ?The Mining Process
SERVERS GENERATE COMPLEX MATH PROBLEMS
MINERS GENERATE SOLUTION
TO RELEASE YO COINS
How to use YOcoins
SET UP YOCOIN WALLET BY DOWNLOADING SOFTWARE ON COMPUTER OR PHONE
THIS SOFTWARE GIVES YOU A UNIQUE AND SECURE IDENTIFICATION CODE FOR BEING IDENTIFIED
IN THE NETWORK.
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YOU CAN BUY YOCOINS WITH OTHER STANDARD CURRIENCIES FROM OTHER USERS OR REGISTERED EXCHANGES.
THE FUND IS ADDED TO WALLET INSTANTLY.THE YOCOIN NETWORK AUTHENTICATES THE
TRANSACTION BY ADDING IT IN PREVIOUS BLOCK CHAIN AND MAINTAINS INTEGRITY.
YOU CAN ALSO SEND PAYMENTS TO OTHER ADDRESSES BY USING THE SECURE
SOFTWARE EASILY.
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Role of Blockchain in YOcoin mining
USER ‘A’ SENDS FUND TO USER ‘B’
THE TRANSACTION IS CONVERTED TO A ‘BLOCK’
THE TRANSACTION IS BROADCASTED ON THE NETWORK FOR VALIDATION
THIS BLOCK IS ADDED TO THE EARLIER NON REVERSIBLE PROCESS CHAIN OF BLOCK
FINALLY USER ‘B’ RECIEVES FUNDS FROM USER ‘A’
Transactional differences between YOcoin and Bitcoin
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YOcoin can handle a higher volume of transactions thanks to its faster block generation. If Bitcoin were to try to match this, it would require significant updates to the code that everyone
on the Bitcoin network is currently running.
YOcoin User Bitcoin User
A merchant who waited for a minimum of two confirmations would only need to wait five minutes, whereas they would have to wait 10 minutes for just one confirmation with Bitcoin.
YOcoin User Bitcoin User
Mining differences between YOcoin & Bitcoin
The key difference for end-users is the speed a transaction is validated. YOcoin requires only 2.5 minutes to generate a block, as opposed to Bitcoin's 10 minutes.
Bitcoin uses the SHA-256 hashing algorithm, YOcoin, however, uses the scrypt algorithm – originally named as s-crypt,but pronounced as 'script'. This algorithm incorporates the SHA-256 algorithm, but its calculations are much more serialised than those of SHA-256 in bitcoin.
The total hashing rate of the Bitcoin network is over 20,000 Terra Hashes per second, while YOcoin is just 95,642 Mega Hashes per second.
YOcoin is a REAL Cryptocurrency!
REGISTERED AT C-CEX CRYPTOCURRENCY EXCHANGE
REGISTERED AT SAFECEX CRYPTOCURRENCY EXCHANGE
REGISTERED AT COINEXCHANGE CRYPTOCURRENCY EXCHANGE
REGISTERED AT ALCUREX CRYPTOCURRENCY EXCHANGE
REGISTERED AT BLOOMBIT CRYPTOCURRENCY EXCHANGE
YOC LAUNCH(DEC 07 2015)
OFFICIAL YOCOIN SITE(JAN 01 2016)
FAUCET&BLOCK EXPLORER
(DEC 17 2015)
FIRST UNOFFICIAL POOL(DEC 11 2015)
LISTED ON BTC POOL EXCHANGE(DEC 23 2015)
LISTED ON COINORIUM EXCHANGE(JAN 08 2016)
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LISTED ON EMPOEX EXCHANGE
(JAN 09 2016)
SECOND UNOFFICIAL POOL(JAN 31 2016)LISTED ON C-CEX
EXCHANGE(JAN 20 2016)
SPONSERED BY YOCOIN ITALY(JAN 10 2016)
LISTED ON COINMARKET CAP(JAN 21 2016)
OFFICIAL PAPERWALLET GENERATOR(FEB 17 2016)
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910
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OFFICIAL MINING POOL RELEASED
(FEB 19 2016)
OFFICIAL BLACKJACK GAMERELEASED(MARCH 03 2016)
OFFICIAL FORKDIFFICULTY RETARGETS
EVERY 2016 BLOCKS(MARCH 01 2016)
OFFICIAL WEB WALLET RELEASED
(FEB 23 2016)
OFFICIAL BLOCK CRAWLER RELEASED
(MARCH 03 2016)
LISTED ON ALCUREX EXCHANGE(MARCH 13 2016)
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OFFICIAL ANDROID WALLET
PAYMENT GATEWAY TO ALLOW MERCHANTS TO ACCEPT
YOCOINREAL YOC COINS!
OFFICIAL DICE
YOC AS PAYMENT METHOD FOR CASINO GAMES
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Be at the vanguard part of a TRUE Community-drivenCryptocurrency…
YOcoin!
Contact me from now https://www.facebook.com/bitcoinwave
Sponsor : http://bit.ly/bitcoinyo