Ycash was presented to the public by its development team as the first Zcash “friendly fork” implying that there won’t be a community schism after the launch of a new chain as it often happens in such circumstances. At first sight, this confidence may seem excessive but when it comes to the goals of the project we see how closely they follow the ones of the original blockchain. Thus, the newly established network that split up at block height 570.000 aims to make mining available on commodity hardware and retain the cap of Founders Reward on 2.1 million hight. Those ideas were previously declared at the dawn of the Zcash Foundation but later they were largely abandoned since the founders preferred to concentrate on other issues. Though being absolutely independent of the Zcash Foundation (neither officially endorsed nor supported by it), the creators of Ycash have taken up on restoring and improving the old promises by making 3 significant changes:
As a digital asset Ycash is denoted by YEC ticker. You can always google it to find out the relevant price and market capitalization of the coin. Right now, its price is one of the hottest topics for cryptocurrency enthusiasts all around the world since the fork has just happened. Moreover, the founders of Ycash prepared a bonus for all Zcash holders: everyone with some ZEC on the account at the moment of the fork obtains the same sum in Ycash. In order to receive YEC assets or sure, you have to “claim” the coins right in the wallet. Check our step-by-step Ycash claiming guide to find out more about the procedure.
Usually, the launch of a new digital asset is followed by significant bouncing of its market price. Remember the situation with BNB token which migrated from the Ethereum blockchain to its own mainnet not long ago – the growth was tremendous. We cannon make any price predictions but with the huge community support that Ycash already gained, it has all the chances to repeat the success of Binance coin in the nearest future.