India: National Blockchain Policy Stakeholders Emphasize the Importance of DLT Regulations

19m
cryptonewmedia

Crypto Markets on Verge of Parabolic Breakout as Bitcoin Sets Fresh 2020 High

21m
cryptonewmedia

Buy the Pump, Sell the Dump — Does Momentum Investing Work in Bitcoin?

39m
cointelegraph

Lawyers Ramp Up Pressure to Exhume Quadriga CEO’s Body

1h
cryptonewmedia

Traditionally Blue State New Jersey Is Booming for President Trump

1h
cryptonewmedia

Blockcrunch: Ex Goldman Sachs Partner’s Crypto 2020 Outlook…

1h
cryptonewmedia

How CEOs, experts and philosophers see the world’s biggest risks differently

1h
bitcoinwarrior

Don Lemon’s Contempt for Trump Voters Is 2020’s…

1h
cryptonewmedia

Sally Ho's Technical Analysis 29 January 2020 BTC ETH

1h
cryptodaily

Paris Saint-Germain F.C. Launches Crypto Voting Scheme For Fans

1h
bitcoinist

Aussie blockchain developer Labrys joins BlockApps Partner Network » CryptoNinjas

1h
cryptonewmedia

Singapore’s Payment Services Act Creates new Opportunities for Cryptocurrencies

2h
nulltx

Bitcoin Just Surged to $9,400: Why Traders Think Price Will Explode...

2h
newsbtc

Kik Adviser to Face Deposition From SEC This Week

2h
cryptocurrencynews

Why This EEA Development Could be the Key to Corporate Ethereum Adoption

2h
cryptonewmedia

Cardano Inches to Smart Contract Implementation with New Paper

2h
cointelegraph

Crypto-Related Deposits Drop by Half at Metropolitan Commercial Bank

2h
cryptonewmedia

Bitcoin Back to Acting Like Gold and Less Like Stocks

2h
beincrypto

These Factors Suggest XRP Could See a Parabolic Rally Towards All-Time Highs

2h
cryptonewmedia

Blockcrunch: Ex Goldman Sachs Partner's Crypto 2020 Outlook - Kelvin Koh, Spartan Capital, Ep. 85

2h
letstalkbitcoin

Canadian Mining Firm Publicly Rejects Bitcoin Cash Tax Plan

2h
bitcoinist

Why This EEA Development Could be the Key to Corporate Ethereum…

2h
cryptonewmedia

Refundo makes income tax refunds available in Bitcoin Cash, Ethereum, and Ripple » CryptoNinjas

3h
cryptonewmedia

Ethereum Price Eying Up $180

3h
cryptoticker

A Massive 500 Bitcoin Sell Order Hits Binance For First Time in a...

3h
newsbtc


Zcash Friendly Ycash Fork Goes Smoothly After Delay

cryptoglobe

6mon ago

A new cryptocurrency was born on Friday: Ycash was spawned in a so-called "friendly-fork" of Zcash and aspires to "empower local communities to take control over the money they earn, spend and save".

The fork was originally scheduled to happen on Thursday, June 18 at block 570,000, but was slightly delayed and eventually occurred at 7:36:51pm Pacific Time (02:36.51am UTC) on Friday.

The first #Ycash block was mined at 7:36:51 PM PDT. In addition to the coinbase transaction, there were 3 other transactions in the block, one of which was shielded. Congratulations again to Luxor Mining Pool (@LuxorTechTeam) for mining the first block! https://t.co/TObwkqFsn6

First announced in April, the fork was led by Howard Loo - an attorney and software developer and long-time supporter of Zcash.

He said on Medium the foundation of Ycash was to uphold a promise that the cap on Zcash's Founder's Reward - a 20% tariff on block rewards that goes to developer funding - would be forever capped at 2.1 million coins.

He added on the Medium blog post:

We believe that both mining on commodity hardware and maintaining the promised cap on the Founders Reward are essential to a fair distribution of coins. In turn, we believe that a fair distribution of coins is essential to ultimately achieving widespread adoption.

The initial block on the Ycash blockchain was mined by the Luxor Mining Pool. It said on its Twitter feed: "The Ycash fork has gone smoothly, and yours truly found the first block."

The YCash Fork has gone smoothly, and yours truly found the first block! 🎇🎇🎇 Happy Hashing!https://t.co/Pj9puK6L85#zcash #ycash #forkin

The fork was supported by SafePay, Bitpie Wallet, Guarda Wallet, Atomic Wallet and Cobo Wallet and those Zcash holders who used these wallets would - at the time of the fork - have received a corresponding amount of the new Ycash coins.

Loo explained:

In order to access Ycash coins, you need to have your Zcash coins at the time of the fork in a wallet that allows you to export your private keys.

At launch, Ycash will differ from Zcash in three important ways:

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments