Ycash

YEC Price

What is Ycash about?

Ycash is a digital currency, similar to Bitcoin or Zcash. It is built upon the Zcash codebase, which in turn is based on Bitcoin's software. Ycash has a total supply capped at 21 million coins, ensuring protection against inflation. It shares its blockchain history with Zcash up to block 570,000, meaning holders of Zcash private keys at that point can access the same amount of Ycash. Ycash aims to address two key issues: the Privacy Problem and the Distribution Problem, leveraging Zcash's privacy solutions while focusing on commodity hardware mining to broaden participation.

What makes Ycash unique?

Ycash uniquely combines a shared blockchain history with Zcash and a commitment to commodity hardware mining. It stands out as the only coin that is both a codebase fork and a blockchain fork of Zcash. This dual heritage gives the Zcash community, including its engineers and cryptographers, a vested interest in Ycash's success. Additionally, Ycash upholds the promise that 90% of its coins will be distributed via mining, with 5% allocated to the Ycash Development Fund managed by the nonprofit Ycash Foundation.

What's the history of Ycash?

Ycash originated from Zcash, sharing its blockchain history up to block 570,000, which occurred around July 18, 2019. This fork ensures that Zcash holders at that time automatically have access to the same amount of Ycash. Building on Zcash's privacy solutions, Ycash aims to improve upon Bitcoin's limitations while addressing the Distribution Problem through commodity hardware mining.

What's next for Ycash?

Ycash plans to continue competing with other digital currencies for user and merchant adoption. It will aggressively pursue mining on commodity hardware and may periodically change its mining algorithm to maintain accessibility. The Ycash Development Fund, supported by 5% of the coins, will be managed by the nonprofit Ycash Foundation to further develop and promote the currency.

What can Ycash be used for?

Ycash can be used as a digital currency for transactions, offering enhanced privacy compared to Bitcoin. It also allows participation in its network through mining, which is designed to be accessible on commodity hardware. This encourages broader community involvement and decentralization of the network. Additionally, Ycash can be held as a store of value, benefiting from its capped supply and resistance to inflation.

Where can you buy Ycash?

YEC tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Ycash is Nonkyc.io, where the most active trading pair YEC/USDT has a trading volume of $4,923.76 in the last 24 hours.

What is the daily trading volume of Ycash (YEC)?

The trading volume of Ycash (YEC) is $6,409.06 in the last 24 hours, representing a -4.20% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Ycash (YEC)?

Ycash (YEC) reached an all-time high of $6.10 and an all-time low of $0.0₆3245. It’s now trading -89.00% below that peak and 206,123,456.10% above its lowest price.

What is the market cap of Ycash (YEC)?

Market capitalization of Ycash (YEC) is $11,328,073 and is ranked #1207 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of YEC tokens (17 Million tokens are tradable on the market today).

What is the fully diluted valuation of Ycash (YEC)?

The fully diluted valuation (FDV) of Ycash (YEC) is $11,329,813. This is a statistical representation of the maximum market cap, assuming the maximum number of 21 Million YEC tokens are in circulation today. Depending on how the emission schedule of YEC tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of Ycash compare against its peers?

With a price increase of 12.20% in the last 7 days, Ycash (YEC) is underperforming the global cryptocurrency market which is up 14.10%, while underperforming when compared to similar Smart Contract Platform cryptocurrencies which are up 14.80%.