There’s another digital currency in town, and its name is YoCoin.
The question is: Can YoCoin give bitcoin a run for its money? We’ll have to wait and see. But YoCoin is pitching itself as a “new cryptocurrency with mainstream appeal.”
“Unlike most of the alternative cryptocurrencies, YoCoin is a decentralized, peer-to-peer digital currency based on the Scrypt mining algorithm, making it far more accessible than bitcoin is when it comes to mining. Anyone with a decent graphics card in their computer can start mining YoCoin at home with little effort,” the company wrote in its news release.
“With wallets available for Linux, Mac OS X and Windows, no digital currency enthusiasts are left behind. For those looking to buy YoCoin, there are several exchanges to choose from. YoCoin is actively traded on exchanges such as C-Cex, SafeCex, Alcurex, CoinExchange, Bloombit and others.”
YoCoin is being marketed specifically to millennials since the company believes they are more likely to embrace this type of currency. As for what’s next, YoCoin’s plans involve adding a mobile wallet for Android users, as well as an issuance for physical YOC coins. These would be marketed more as a collectable item or as a gift. YoCoin’s team said the company is working to establish itself in casinos and with merchants in the coming weeks.
“We’ve been working hard on this project for a long time,” said Dave Wilson, COO of YoCoin. “We look forward to taking YoCoin to the next level and beyond.”