What is Ycash?

Ycash is a digital currency that derives its software from Zcash, which is in turn based on Bitcoin's software. It has a total supply cap of 21 million coins, similar to both Bitcoin and Zcash, ensuring no inflation devaluation. The first 570,000 blocks of the Ycash blockchain mirror those of Zcash, allowing holders of Zcash private keys at that block height to access equivalent Ycash funds.

Ycash aims to address privacy issues inherent in Bitcoin and the distribution challenge faced by cryptocurrencies. By implementing mining processes that facilitate the use of commodity hardware and committing to allocating 90% of its total supply through mining, Ycash promotes broader participation. The governance model includes a development fund, with a portion of coins allocated to support ongoing growth and community engagement, while leveraging its historical connection to the Zcash blockchain for community interest and support.