Yua Bao Coin or YBCoin is a Chinese cryptocurrency platform. Just as it is with many emerging cryptocurrency platforms, it was formed by a group of te
Yua Bao Coin or YBCoin is a Chinese cryptocurrency platform. Just as it is with many emerging cryptocurrency platforms, it was formed by a group of tech enthusiasts who favored the Bitcoin model. YBCoin founders decided to create an open, transparent, and fair digital currency model that could be easily accessible and took care of the shortcomings observed in Bitcoin digital currency model. In China, Yua Bao is a system for measuring gold and silver, and the platform’s decision to pick this particular naming means that it can be viewed as a place where great fortunes and prosperity can be made as long as the right investment decisions are picked.
Its current release is based on a source code model which follows peer to peer communication (PPC). YBCoin now has a user base that boasts of over one hundred thousand members, and that makes it be among the top Chinese cryptocurrency platforms. New members are ever signing up for the services on offer, and that means YBCoin may soon take over some of the well-established cryptocurrency platforms. Currently, YBCoin has a market capitalization of three million dollars, and its strong infrastructure and ever stable growth make it a platform with its objective right into the future.
Though YBCoin has been trying to spread its market out of China, still most of its functionalities aren’t available in English, and that has been seen as a limiting factor to the platform’s growth. YBCoin only has 60 seconds block time, and this has been viewed as not contributing much to the kind of innovation that is required of cryptocurrency platforms. Besides, there is an economical model that is dynamically adjusted to conform to network power that balances the incentives to mine as well as use the platform depending on its resulting popularity.
YBCoin employs an advanced POS and POW mining mechanism that effectively controls inflation rates as well as loss of capital. The platform, therefore, guarantees stability for any investment that members may out forward. The approach is highly appreciated in the cryptocurrency markets. There are three million YBCoin coins in circulation, and no new coins are being minted except for the annual POS interest which is pegged at 1%. YBCoin currently has a community of over 100,000 members, and the steady growth the platform has been experiencing means that the user base can jump to higher figures. Judging the reputation, pricing, and the community that the platform is based on, it will be safe to say that YBCoin has a huge role to play in determining cryptocurrency markets.