YcashPrice

(YEC)

Ycash is a "friendly fork" of Zcash that launched at block height 570,000 in July 2019. While it shares the same foundational codebase, it was created to address two primary concerns: the "Founders' Reward" and mining centralization. Ycash reduced the development tax from 20% to 5% and committed to maintaining ASIC resistance to ensure mining remains accessible to users with commodity hardware like GPUs. Unlike contentious forks, it aims to exist as a complementary chain, catering to users who prefer a smaller development tax and a focus on fair distribution via home-based mining.

Yes, Ycash is an active project managed by the non-profit Ycash Foundation, with over five years of continuous development. It regularly releases software updates, including its signature YWallet and bridge infrastructure. The term "friendly fork" signifies that Ycash was not intended to replace or compete aggressively with its predecessor. Instead, it serves as a "brother" chain that utilizes the same core technology but targets a different niche, specifically focusing on GPU-based mining and a more conservative development fund to support the ecosystem's long-term growth.

Ycash uses the Equihash 192,7 algorithm, also known as "Personal Equihash," which is specifically engineered to be ASIC-resistant. This allows the network to be secured by consumer-grade GPUs rather than expensive, specialized hardware. The project addresses the "Distribution Problem" by ensuring that mining rewards are not monopolized by large industrial manufacturers. By maintaining ASIC resistance, Ycash aims to keep the distribution of new coins in the hands of average users with home computers, promoting a more decentralized and fair network environment.

WRY is a Web3-compatible token that represents YEC on other prominent blockchains, such as BNB Chain and Ethereum. This wrapped version allows YEC holders to participate in various Decentralized Finance (DeFi) ecosystems. To facilitate this, the project provides the "Wry Pipe," an official bridge used to swap native YEC for WRY and back. While native YEC cannot be traded directly on decentralized exchanges (DEXs), WRY can be used on major DEX platforms. The bridge currently has daily aggregate caps to manage liquidity and ensure security for all participants.

Ycash has a fixed total supply of 21 million coins, mirroring the supply caps of Bitcoin and Zcash. A key feature of its tokenomics is the 5% Development Fund. Unlike the original 20% reward structure seen in similar projects, this smaller percentage is managed by a non-profit foundation. These funds are strictly allocated for maintaining infrastructure, developing software like YWallet, and covering costs associated with the bridging ecosystem. This model aims to provide sustainable funding for software maintenance and project health without overly diluting the rewards for miners.

Ycash prioritizes user privacy by utilizing zk-SNARKs (Zero-Knowledge Proofs). This technology enables "shielded" transactions, where the sender, receiver, and transaction amount remain hidden from the public blockchain. For secure storage, the most recommended option is YWallet. It is a specialized wallet that supports both Ycash and Zcash, offering full compatibility with shielded private transactions on both mobile and desktop platforms. Users are reminded to always maintain control of their private keys and avoid sharing them with unverified third-party tools when managing their assets.