Why Governments Will Accept YEM As Fiat Substitute Safest Place on the Internet

For instance there are different implementation of Yescrypt algorithm such as Yescrypt R8, Yescrypt R16, Yescrypt R24 and Yescrypt R32. The YEM creates an enjoyable online shopping experience for consumers, since they know they are purchasing legitimate, trusted products and services. The Internet can be an overwhelming place for online shoppers, given the sheer volume of deals, offers and websites available. Many websites are confusing, misleading, fake and untrustworthy. To overcome these challenges, more and more customers choose to use the YEM.

This gives market participants the certainty that no speculative bubble can arise and at the same time, manipulation of the price through automated trading is excluded. If you want to buy JUST with fiat currency, you can first buy USDT on Kraken with fiat and then transfer your USDT to an exchange that lists JUST. For example, the most popular exchange for trading [object Object] with USDT is Binance.

1. Yescrypt is a password based key derivation function (KDF) and is based on original Scrypt algorithm.
2. Every day, the YEM is used as a means of payment in thousands of transactions worldwide.
3. To see more analysis and outlook, please check the Ycash price prediction page.
4. Now let’s take a look at the list of coins that uses Yescrypt hashing algorithm and other variants.

The YEM FOUNDATION as the regulatory authority and currency guardian of the YEM has basically the same instruments at its disposal as a national central bank. The YEM FOUNDATION did not approve YEM to be traded on public trading platforms. There is only one official exchange where YEM can be exchanged for USD and a regulated virtual marketplace where the YEM is exchanged for various fiat currencies in private transactions. Since crypto currencies such as Bitcoin are used almost exclusively for speculative day trading, the prices fluctuate much more than, for example, shares or exchange rates. After Bitcoin reached its highest level so far in December 2017 at around USD 20,000, the price fell by over 80%, only to rise again by more than 300% and then halve again.

You can trade
Ycash with many fiat currencies including
and many stablecoins such as USDT, USDC. The YEM, an acronym for ‘Your Everyday Money’, is a digital currency created by 3,725 Internet users around the world. YEM was founded in 2017 with the aim of conducting safe and secure financial transactions online as well as at local points of sale. YEM can be accessed online with a smartphone, tablet, laptop or other suitable electronic devices. As of May 19, 2020, more than 1 million wallets of individuals and businesses have been in operation, processing transactions ranging from small purchases to multi-million-dollar investments on a daily basis.

In the end remains 3-5, maximum 10, crypto currencies, which could actually be used exclusively as means of payment, including Bitcoin. However, we come to the three biggest disadvantages of the conventional crypto markets. Ycash’s price today is US$0.05687, with a 24-hour trading volume of $16,184. YEC is +0.00% in the last 24 hours.YEC has a circulating supply of 14.67 M YEC and a max supply of 21 M YEC. Ycash is a cryptocurrency created as a fork from the Zcash blockchain.

Analysis was done on daily data, so all moving averages, RSI, etc.., were calculated on a daily Ycash price chart. To see more analysis and outlook, please check the Ycash price prediction page. Anyways Yescrypt is a memory hard https://cryptolisting.org/ hashing algorithm and its memory requirements can be changed by tuning the algorithm parameters. By increasing or decreasing per-thread memory usage of this algorithm one can make GPUs more or less efficient compared to CPUs.

YEC Pairs By 24-Hour Trading Volume

Whenever we post a mining guide we do mention whether or not the algorithm is ASIC resistant. But do you know that there are certain Proof of Work algorithms that are GPU resistant as well. Not CryptoNight and other CPU algorithms which can also be mined using GPUs but algorithm that only allows CPU miners. Here in this post we’ll see about one such algorithm and that is Yescrypt which is CPU only mining algorithm and that doesn’t allow GPU or ASIC miners to mine the coin.

Ycash Price Closing History by Level

This algorithm is designed to provide encryption and optimal security from password cracking. It is the most scalable password hashing scheme, it has greater resistance to attacks and there are many other advantages. You can find more technical details about Yescrypt in the following links. In addition, the YEM FOUNDATION sets a weekly price range for the YEM, which is not based on a speculative trading volume, but on the actual use of the YEM as a means of payment.

Using a credit card is a fast and convenient payment method for purchasing cryptocurrencies, but typically comes with higher fees than other ways of buying cryptocurrency with fiat. ⚠ Trading cryptocurrencies involves risk, and may not be suitable for all investors. Cryptocurrency prices can be volatile and unpredictable, and may be influenced by various factors, including market manipulation, regulatory changes, and technological developments. As of Jan 30, Ycash has a market capitalization of $804.7 Thousand and is ranked #1432 among all cryptocurrencies.

Since the YEM’s supply is limited to 100 billion units, a growing economic cycle automatically leads to an increasing value. Since then, not only in Germany, the YEM has been used consistently and more and more as a means of payment – with a strong upward trend. In November 2018, a German auditing firm then confirmed the value of the YEM at that time in an expert opinion based on several hundred thousand transactions.

As YEM fully meets these requirements, the first real estate purchase in Germany was already completed entirely in YEM in March 2018, after all legal concerns had been clarified in consultation with the Federal Chamber of Notaries, among others. Currently, the most popular JUST exchange is Binance, which handled $ 1.30M worth of JST trades in the last 24 hours. View the total and circulating supply of Ycash, including details on how the supplies are calculated.

Ycash Quarterly Returns

This is time saving and protects private data from exposure to hackers and fraudsters. The YEM does indeed have its own blockchain to ensure that all transactions are safely recorded and cannot be manipulated. You can buy JUST with a credit card on Binance and other exchanges like KuCoin, Bybit and OKX.

YEC Sentiment Analysis

This means, for example, that a contract agreed between two parties is written into the blockchain, and if an event outlined in the contract is imminent, the necessary command is executed to make this happen. Therefore, the fulfillment of smart contracts will be undisputed and bestowed with the highest degree of confidence. Real estate valued at more than $430 million has been digitized, converted into tokens yec crypto and made available to YEM owners. YEM Holders are secure, thanks to a unique wallet technology with 2-factor authentication. The YEM FOUNDATION is the regulatory authority for the YEM and takes measures for protection and stability. It also represents the YEM to the International Monetary Fund, the United Nations, as well as governmental institutions (e.g. central banks) and non-governmental organizations.

We also gather additional information from different sources to ensure we cover all necessary data or events. Due to this constantly growing economic cycle, a growing demand for YEM is emerging, yet this demand is not comparable to the ‘bought’ convertibility through speculative day-trading, as is the case with Bitcoin, for example. The convertibility of the YEM into fiat currencies is currently not yet that of a currency, but rather, especially for larger sums, more comparable with the liquidity of a real-estate property. And this certainly would not lead to a property being considered worthless.

Reddit is a popular platform where cryptocurrency communities often gather to discuss news, trends, and insights related to a particular coin. Analyzing Reddit stats can provide valuable insights into the community’s sentiment and engagement with a particular cryptocurrency. Blockchain data for Ycash (YEC), the most recently mined blocks, mempool, transactions, and addresses.