Yocoin the Dash clone :
Yocoin treats the all-important blockchain ledger, a fully verifiable public database that's maintained by thousands of independent computers , as a platform on which to build secondary programs that strip out costly middleman from all forms of person to exchange
Yocoin enables smart contracts that function without lawyers; stock exchanges without central clearing houses; financial record-keeping systems that can be verified without an auditor; even tamper-proof voting systems that automaticly guarantee one-person-one-vote
Yocoin is how the internet was supposed to work. Yoc proposes a global distributed computer that is the backbone for asset trading, real estate transactions escrow services and even national income distribution systems. Yocoin runs smart contracts: Applications that runs as programmed without any possibilitiy of downtime, censorship, fraud or third party interference.
Yocoin uses the Ethereum network to transact and for storage. Yocoin provides a once in a lifetime opportunity, revolutionizing the digital economy by harnessing the power of an already established blockchain to boost security.
Yocoin's multi signatures are entirely unbreakable, enforceable, and completely secure and simultaneously gives equal rights to both parties involved in the transaction.
Cryptocurrency is conquering the world of currencies and finance in a way we could not even imagine five years ago…
And YOcoin joins this exploding digital space that is transforming the global currency and financial sectors even as you read this. And you can be a big part of it with us. We’re just getting started!
“Our initial implementation of YoCoin was great, but we wanted to take it much further,” said Dave Wilson. “The new version of YoCoin provides a backbone for smart contracts, asset trading, real estate transactions, escrow services, income distribution systems, and an unlimited number of other uses that can all run as programmed without any downtime, censorship, fraud, or third party interference.”
January 30, 2017, Bangkok, Thailand – The creators behind peer-to-peer YoCoin digital currency has announced the launch of YoCoin Insurance, a decentralized blockchain-based insurance platform. The YoCoin Insurance platform exploits various features of cryptocurrency blockchain including storage of financial transactions, forecasting, smart contracts, etc. to offer innovative smart contract-based insurance policies.
The YoCoin Insurance platform supports a range of policy types, starting with life and health insurance policies.
How it Works
The YoCoin Insurance platform can be used to issue insurance policies and bonds. It allows policyholders and bond investors to share the associated investment risks. An investor can sign up and choose the bonds from desired categories and packages with different insurance terms. The insurance terms include information about the insurance type, duration, risk level and other parameters. All insurance events are monitored, and corresponding data is fed into the smart contract by an oracle. Each insurance smart contract will have one or more oracles associated with it.
The policyholder minimizes the risk of losses by creating insurance policies on the platform, which will be paid with YoCoin. Upon making payment, an Ethereum smart contract linked to the insurance policy will be generated. The smart contract will include all insurance conditions and claim information within the previously laid out insurance terms. In the case of a claim, the policyholder will be issued payouts in agreement with the terms of his policy. All the policy statistics including claims history, bond statistics, reports, and charts will be available to the policyholders and investors on YoCoin Insurance platform.
Investment
Once the investor has selected the desired bonds from the list of investment categories and packages, he will make the payment using YoCoin to receive the selected bonds. These bonds can then be traded on initial or secondary markets. In the absence of any claims within the insurance policy terms, the investor stands to receive the invested amount plus a return.
“This is one of many innovations we are building around the YoCoin platform,”
Said the Chief Operating Officer of YoCoin, Dave Wilson. Dave continued saying,
“YoCoin provides a backbone for smart contracts, asset trading, real estate transactions, escrow services, income distribution systems, and an unlimited number of other uses that can all run as programmed without any downtime, censorship, fraud or third party interference,”
YoCoin May Venture Into Cryptocurrency Gambling
YoCoin initially surfaced in December last year, but it has recently begun taking steps to boost its market presence. An altcoin designed for the younger crowd, specifically millennials, YoCoin sees itself as the premier Internet currency that will revolutionize the business world and payment systems of today.
YoCoin is a decentralized, peer-to-peer digital currency just like Bitcoin. However, it is based on the Scrypt mining algorithm, and this makes it more accessible than Bitcoin in terms of mining. This means that mining for YoCoin should be easy and will require little effort and only a decent graphics card on board. Most new computers at home should be able to handle YoCoin mining.
Accessibility continues to take the spotlight since this altcoin already has different wallets available for various platforms. It supports wallets for Linux, Mac OS X, and Windows. It also offers YoCoin paper wallets and web wallets. Moreover, YoCoin is actively traded on different online exchanges, including CoinExchange, C-Cex, SafeCex, Alcurex, and Bloombit.
Dave Wilson, Chief Operating Officer of YoCoin said:
“We’ve been working hard on this project for a long time. We look forward to taking YoCoin to the next level and beyond.”
With this goal already set, the YoCoin team has laid out a development roadmap in place.
What’s in store for YoCoin?
The company revealed that a mobile wallet compatible with Android devices will soon be released, and this should be given enough security protocols to protect against clickjacking. This goes along with the issuance of the physical YOC coins. These coins, however, will only be available for a limited time and will functions as a limited item great for gifts and collections.
Meanwhile, to further expand its use, YoCoin will become available for different functions in the future, with venturing into online gambling as one of the targets. Bitcoin gambling is already a thriving sector in iGaming and the use of altcoins to play online proves to be promising. YoCoin will be the newest cryptocurrency to indulge in the exciting world of online gambling.
How and when this will take place, however, is yet to be announced. Moreover, YoCoin sets itself apart by offering a YoCoin Plan and a YOLife program.
Issues with orphan blocks
YoCoin presently experiences issues with the appearance of orphan blocks, though. The YoCoin team has also released an announcement that requires all YoCoin holders to connect their wallets with the official fork, if not yet done.
There was also a recent hacking incident that involved the team’s dev account on C-Cex. This resulted in 466 BTC and around 1.1 million YoCoin stolen.
2017 Prediction – YOCoin: Better, Smarter, Faster
In the case of the fully functioning cryptocurrency, it might perhaps be exchanged being a commodity. Supporters of cryptocurrencies announce that this kind of digital money isn’t governed with a fundamental banking system and it is not therefore subject to the vagaries of its inflation. Since there are a minimal variety of products, this coin is price is based on market forces, letting owners to trade over cryptocurrency transactions. Cryptocurrencies such as Bitcoin, LiteCoin, Ether, YOCoin, and many others happen to be designed as a non-fiat currency. In other words, its backers claim that there’s “actual” worth, even through there is no physical representation of that worth. The worth rises due to computing power, that’s, is the only way to create new coins distributed by allocating CPU power via computer programs called miners. Miners create a block after a period of time that is worth an ever decreasing amount of money or some kind of wages so that you can ensure the shortage. Each coin includes many smaller components. For Bitcoin, each component is called a satoshi. Operations that take place during mining are just to authenticate other trades, such that both creates and authenticates itself, a simple and elegant alternative, which will be one of the appealing aspects of the coin. The blockchain is where the public record of all transactions resides. Most all cryptocurrencies function as Bitcoin does.
The fact that there’s little evidence of any growth in using virtual money as a currency may be the reason why there are minimal attempts to regulate it. The reason behind this could be just that the marketplace is too small for cryptocurrencies to warrant any regulatory attempt. It really is also possible the regulators simply don’t comprehend the technology and its consequences, anticipating any developments to act. Here is the trendiest thing about cryptocurrencies; they do not physically exist anywhere, not even on a hard drive. When you examine a unique address for a wallet featuring a cryptocurrency, there is no digital information held in it, like in the exact same way that a bank could hold dollars in a bank account. It is only a representation of value, but there isn’t any genuine palpable sort of that value. Cryptocurrency wallets may not be seized or immobilized or audited by the banks and the law. They would not have spending limits and withdrawal constraints imposed on them. No one but the owner of the crypto wallet can determine how their wealth will be managed. The beauty of the cryptocurrencies is that scam was proved an impossibility: as a result of character of the process in which it is transacted. All exchanges on a crypto-currency blockchain are permanent. Once you’re paid, you get paid. This is not something short-term where your visitors may dispute or need a discounts, or employ dishonest sleight of palm. In practice, most professionals could be a good idea to utilize a cost processor, because of the permanent character of crypto-currency purchases, you must ensure that safety is difficult. With any form of crypto-currency whether it be a bitcoin, ether, litecoin, or any of the numerous different altcoins, thieves and hackers might get access to your private tips and so take your cash. Sadly, you almost certainly will never get it back. It is vitally important for you really to adopt some very good safe and secure methods when coping with any cryptocurrency. This can protect you from most of these damaging activities. Mining cryptocurrencies is how new coins are put in circulation. Because there’s no government control and crypto coins are digital, they cannot be printed or minted to produce more. The mining process is what makes more of the coin. It may be useful to consider the mining as joining a lottery group, the pros and cons are just the same. Mining crypto coins means you will get to keep the full benefits of your efforts, but this reduces your chances of being successful. Instead, joining a pool means that, overall, members will have a much greater chance of solving a block, but the benefit will be split between all members of the pool, according to the number of “shares” won.
If you are thinking of going it alone, it really is worth noting that the applications configuration for solo mining can be more complicated than with a swimming pool, and beginners would be likely better take the latter path. This alternative also creates a steady flow of earnings, even if each payment is small compared to totally block the reward. When searching online for 2017 Prediction, there are many things to think of.
2017 Prediction – The Currency With Legs!: YOCoin
Click here to visit our home page and learn more about 2017 Prediction. Many people choose to use a money deflation, especially those who need to save. Despite the criticism and skepticism, a cryptocurrency coin may be better suited for some uses than others. Financial seclusion, for example, is excellent for political activists, but more debatable when it comes to political campaign financing. We need a stable cryptocurrency for use in commerce; should you be living pay check to pay check, it would take place as part of your wealth, with the rest allowed for other currencies. For most users of cryptocurrencies it isn’t crucial to comprehend how the process works in and of itself, but it is essentially vital that you comprehend that there’s a process of mining to create virtual money. Unlike currencies as we know them today where Governments and banks can simply select to print endless numbers (I am not saying they’re doing so, just one point), cryptocurrencies to be operated by users using a mining application, which solves the complex algorithms to release blocks of currencies that can enter into circulation. Ethereum is an unbelievable cryptocurrency platform, yet, if growth is too fast, there may be some issues. If the platform is adopted quickly, Ethereum requests could rise dramatically, and at a rate that surpasses the rate with which the miners can create new coins. Under such a scenario, the whole platform of Ethereum could become destabilized because of the raising costs of running distributed programs. In turn, this could dampen interest Ethereum platform and ether. Uncertainty of demand for ether can lead to a negative change in the economic parameters of an Ethereum based company that could result in company being unable to continue to operate or to discontinue operation. If you are looking for 2017 Prediction, look no further than YOCoin.
2017 Prediction: We Love It to Bits: YoCoin
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yocoin price + charts :
https://coinmarketcap.com/assets/yocoin/
original source :
https://www.bitcoingg.com/yocoin-may-venture-cryptocurrency-gambling/
http://altcoininvestments.com/lisk-2017-prediction-yocoin-your-omni-coin/
http://www.newsbtc.com/2017/02/03/yocoin-launches-decentralized-blockchain-based-insurance-platform/
https://secure.yocoin.org/
My thoughts ?
Yocoin used the base code of dash, and added features from ethereum.
and is now building its concept to join the larger coins,
but wil it succeed only time can tell.
Have a great day,
@BlockChainSupporter