yec Ycash
$ 0.03427
0.063061 BTC
30 satoshies
Market Cap
574,746.9078 $
24 Hour Trading Vol
653.1498 $
Circulating Supply
16,77 MLN.
Total Supply
16,77 MLN.
Max Supply
21,00 MLN.
Fully Diluted Valuation
673,097 $
Low
Range
High
Info
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Ycash Price Statistics
0.03427 $
0.02757 $ / 0.05543 $
653.1498 $
#4922
574,746.9078 $
6.1 $
-99.43%
22 July, 2019, (6 years ago)
0.063244 $
10,56 MLN.%
13 April, 2022, (3 years ago)
Ycash Top Markets
#
Exchange
Pair
Trust Score
Ycash Performance
Trading Pair
day
week
month
yec
/
usd
21.56%
-12.14%
0.17%
yec
/
btc
20.71%
-14.07%
5.17%
yec
/
eth
20.93%
-9.57%
-2.2%
About Coin
Ycash is a digital currency, like Bitcoin or Zcash.
In fact, the software for Ycash is based on the software for Zcash, which in turn is based the software for Bitcoin.
Like Bitcoin and Zcash, the total supply of Ycash is forever capped a 21 million coins. So, unlike government-issued paper cash, you never have to worry about inflation devaluing your Ycash.
Ycash also shares something else in common with Zcash: shared blockchain history. The first 570,000 blocks of the Ycash blockchain are the same as the first 570,000 blocks of the Zcash blockchain. That means that everyone in control of Zcash private keys as of block height 570,000 (around July 18, 2019) will be able to use those private keys to access the same amount of Ycash. So, those that currently have a vested interest in the future of Zcash (by holding Zcash) automatically have a vested interest in the future of Ycash.
Bitcoin is truly revolutionary, but it suffers from several problems, including the following two key problems:
The Privacy Problem. Bitcoin lacks privacy. The whole world can see all of your transactions.
The Distribution Problem. The ongoing initial distribution of bitcoin (via "mining") is dominated by manufacturers of specialized computer hardware and their business partners.
Zcash improved upon Bitcoin by implementing a revolutionary solution to The Privacy Problem. But The Distribution Problem remains.
By building upon the Zcash codebase, Ycash leverages Zcash's solution to The Privacy Problem. And by aggressively pursuing mining on commodity hardware by all available means, including periodic changes to Ycash's mining algorithm, Ycash aims to address The Distribution Problem.
We believe that addressing The Distribution Problem is necessary for a digital currency to achieve widespread, grassroots adoption. As one engineer working on Ycash put it, if the mining process is largely controlled by specialized hardware created by a far-off foreign manufacturer, the coin seems "distant". Mining is an important way for users to participate in a digital currency's community, and mining on commodity hardware opens up the mining process up to a much larger group of users.
Another key component of Ycash's approach to addressing The Distribution Problem is upholding a promise that originated from Zcash: that 90% of the coins would be distributed via the mining process. The structure of the Ycash Development Fund upholds that promise: With 5% of the coins starting at block height 570,000 going to the Ycash Development Fund (managed by the nonprofit Ycash Foundation), 90% of the total 21 million Ycash coins will be allocated via the free market mining process.
But there are several other coins that also build upon the Zcash codebase and are also trying to address The Distribution Problem; what makes Ycash different?
The answer goes back to Ycash's shared blockchain history with Zcash. Ycash is the only coin that is also a chain fork of Zcash. So, not only does Ycash build upon the codebase of Zcash like many other coins, it also uniquely builds upon Zcash's blockchain too. Therefore, the Zcash community, including the world-class engineers and cryptographers at the Electric Coin Company, have a vested interest in Ycash's success (to the extent that those individuals hold Zcash at the time of the Zcash/Ycash split).
Ycash is standing on the shoulders of two giants: Bitcoin and Zcash. We will aggressively compete with both (and all other digital currencies) for user and merchant adoption.
Where is Ycash available for purchase?
What is the highest value Ycash (YEC) has ever reached?
Ycash (YEC) reached its peak price at 6.1 $ on 22 July 2019, approximately 6 years ago ago. Presently, the current price is -99.43% lower than this all-time high.
What is the historical minimum price for Ycash (YEC)?
The minimum price reached for Ycash (YEC) was 0.063244 $, documented on 13 April 2022, more than 3 years ago. In comparison, the current price is 10,56 MLN.%, it above this historical low.
What is the fully diluted valuation of Ycash (YEC)?
The fully diluted valuation (FDV) of Ycash (YEC) stands at $ 673,097. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of 21,000,000 YEC tokens. The realization of this FDV might take several years depending on the emission schedule of YEC tokens.
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