Ycash (y.cash) Price(YEC)

Ycash is a digital currency developed to tackle significant issues that have arisen in the cryptocurrency domain: the need for robust privacy measures and equitable distribution of coins. As a fork of the Zcash blockchain, Ycash retains the initial 570,000 blocks of Zcash while introducing modifications that set it apart in terms of functionality and governance.

The project is particularly focused on privacy as it provides shielded transactions. This service conceals transaction details such as the identities of senders and receivers, as well as the amounts transferred. Such privacy features are critical in ensuring that users can transact without their information being publicly accessible.

Beyond addressing privacy concerns, Ycash also prioritizes a more democratic allocation of coins. A significant aspect of its distribution model involves allocating 90% of the total supply to miners. This strategy is designed to foster a broad-based distribution, deviating from models where coins might be concentrated in the hands of a few early adopters or large investors.