How to Sell Ycash YEC Sell Ycash

Sending from a transparent address to a Sapling one is typically completed in under 0.5 seconds. Legacy Sprout transactions take in the order of seconds but this is also dependent on hardware and the number of JoinSplits. According to an in-depth review process and testing, Ledger and Trezor are one of the safest and most popular hardware wallet options for keeping Ycash.

1. This approach is intended to prevent centralization and encourage participation from a broad user base.
2. To store coins securely in large amounts, offline paper wallets are used as they provide an extra layer of security for YEC holders.
3. It utilizes the Zcash software, which in turn is built on Bitcoin.
4. The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice.

Where do I download the software?¶

For most users, YecLite is the easiest way to enjoy the full power of the Ycash network. YecLite is lightweight desktop wallet for MacOS, Linux, and Windows. YecLite allows you to use Ycash without having to download the Ycash blockchain. Guarda Wallet offers a secure and user-friendly platform for managing cryptocurrencies, tokens in a non-custodial manner.

If you’re selling, never release the assets before confirming that you’ve received funds from the buyer. Please note that certain payment methods that buyers use are not instant and may face chargeback risks. For wallets designed to support Ycash-related software development, visit the developer page.

How do I export my YEC private keys to Guarda Wallet?

You can simply install ZecWallet and it’ll use the existing data directory and wallet from any previous installation and operate as normal. It is advised that you export the private keys for addresses you are interested in and then delete the wallet.dat file. You can then import the private keys you require in a fresh, empty wallet.

Yeecore Price (YEC)

This event marked Ycash’s establishment as a separate entity, with a shared blockchain history up to a certain point, specifically the first 570,000 blocks. This fork allowed individuals holding Zcash at the time of the fork to receive an equivalent amount of Ycash, fostering an immediate community of stakeholders interested in the project’s future. By building upon the Zcash codebase, Ycash leverages Zcash’s solution to The Privacy Problem. Through periodic changes to Ycash’s mining algorithm, Ycash also aims to address The Distribution Problem by ensuring that 90% of the coins would be distributed via the mining process. The most active and popular exchanges for buying or selling YEC are Binance, Kucoin & Kraken. Find more crypto exchange options on our Crypto Exchange Tracker.

I managed to claim my YEC via Guarda desktop easy, at first I was vary of using safe.trade but having read through their bitcointalk thread it gave me confidence. After you have done everything and got your YEC into Guarda, you will want to reinstall the current version of Atomic Wallet, there’s no need to keep the old one. However, simply updating to a newer version may not be the best course of action since it might have some issues with the stability and performance of the app if you go this route. We recommend completely uninstalling Atomic Wallet once again and then making a clean installation. After the current version of the app has been installed, simply restore your wallet using your 12-word phrase.

Additionally, a portion of the coins is allocated to the Ycash Development Fund, managed by the nonprofit Ycash Foundation, to support ongoing development and community initiatives. In addition to wallet development, Ycash has yec wallet online expanded its functionality to include an online wallet system and an escrow payment protection system. Ycash has experienced several significant milestones since its inception, reflecting its ongoing development and community engagement efforts. One of the pivotal moments for Ycash was its launch as a chain fork of Zcash.

He is a software engineer and the founder of the Ycash Foundation. FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation. I just tried to register with Hoo and it appears you need an invitation code so its not a general public use.

95% of newly issued coins go directly to users via the permissionless, free-market mining process, a process open to anyone in the world with a GPU and an internet connection. It’s important for potential investors and users to conduct thorough research and consider the inherent risks before engaging with Ycash or any cryptocurrency. The dynamic nature of the cryptocurrency market, coupled with the technical and regulatory complexities, necessitates a cautious approach to investment and participation.

1. The utility of Ycash extends to empowering both local and online communities.
2. It’s similar to the stock markets’ Free-Float Capitalization.
3. Additionally, Ycash sets aside 5% of the coins from the outset for the Ycash Development Fund, which is managed by the nonprofit Ycash Foundation.
4. Yes, by default ZecWallet will store shielded sends locally as zcashd does not provide this information.
5. YecLite is lightweight desktop wallet for MacOS, Linux, and Windows.
6. While payment disclosure works on Sprout addresses, zcashd has not yet been updated to support Sapling.

Getting your YEC private key

It utilizes the Zcash software, which in turn is built on Bitcoin. Ycash offers several features, including shielded transactions. This type of blockchain transaction conceals sender and receiver addresses and the amount sent from everyone else. Ycash has been identified as a faster, more reliable, dependable and long-lasting coin that can be accessed 24/7 without any borders or inflation issues. The Ycash Development Fund, managed by the nonprofit Ycash Foundation, is another key aspect of the project. With 5% of the coins allocated to this fund starting at block height 570,000, Ycash demonstrates its dedication to sustainable development and community support.

Furthermore, the Ycash Development Fund, managed by the nonprofit Ycash Foundation, ensures that a portion of the coins supports the project’s continued development and innovation. Ycash emerges as a digital currency with a primary focus on enhancing the capabilities of both local and online communities globally. Originating as a chain fork from Zcash, it shares a significant portion of its blockchain history with Zcash, specifically the first 570,000 blocks. This shared history implies that individuals holding Zcash private keys at the time of the fork (around July 18, 2019) have the ability to access an equivalent amount of Ycash using those keys. This feature inherently links the interests of Zcash holders with the future prospects of Ycash. Ycash is a digital currency that strives to improve global local, and online connections.

Transparent addresses start with a t prefix and are transparent like Bitcoin and offer no privacy properties. Sprout addresses have a zc prefix and are the first generation of shielded addresses. Sprout addresses have been superseded by Sapling addresses which have a zs prefix. While Sprout addresses may still be used, it is recommended to use Sapling addresses due to the performance improvements and updated system parameters.