Ycash
Crypto Overview
Overview
Ycash is a cryptocurrency that forked from Zcash in July 2019. It maintains many of the privacy-focused features of Zcash while introducing some key differences, particularly in its mining algorithm and monetary policy.
Purpose and Utility
The primary stated purpose of Ycash is to serve as a privacy-focused digital currency that emphasizes decentralization and accessibility. The project aims to maintain ASIC-resistance in mining and commits to a cap of 21 million coins, similar to Bitcoin.
Business Model
Ycash operates as a decentralized cryptocurrency network, focusing on private transactions and maintaining a fair distribution model. The project does not involve any inherently prohibited activities like interest-bearing products or gambling.
Real-World Adoption
Ycash has maintained consistent development activity since its fork from Zcash, though adoption remains limited primarily to privacy-focused users and some exchanges. The network continues to process transactions and maintain its core functionality.
Development Activity
The project maintains active development through its foundation and community contributors. Regular updates and maintenance of the protocol indicate ongoing commitment to the project's stated goals.
Token Distribution
Ycash implemented a fair launch model, with no pre-mine for founders. The development fund receives a portion of mining rewards to sustain ongoing development, which is transparent and documented.
Crypto Impact
To assign a comfort level investing in Ycash from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Ycash.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.