YENTEN
Crypto Overview
Overview
YENTEN (YTN) is a CPU mineable cryptocurrency launched in 2017. It was created as a fork of Bitcoin with modifications to its mining algorithm to ensure CPU-only mining, promoting decentralization by preventing ASIC mining dominance.
Purpose and Utility
The primary intended purpose of YENTEN is to serve as a decentralized digital currency that maintains CPU-only mining accessibility. The project aims to keep mining accessible to regular users with standard computer hardware, rather than specialized mining equipment.
Business Model and Implementation
YENTEN operates on a Proof of Work (PoW) consensus mechanism using the YescryptR16 algorithm. The business model is straightforward: it functions as a peer-to-peer digital currency with mining rewards distributed to those who contribute computing power to secure the network.
Real-World Adoption
Current usage of YENTEN appears limited, with most activity centered around mining and trading on smaller cryptocurrency exchanges. There is no evidence of significant merchant adoption or widespread use as a payment method.
Development Activity
The project maintains a basic development presence, though updates are infrequent. The core functionality of the network continues to operate as intended, focusing on its primary use case of CPU mining and value transfer.
Token Distribution
YENTEN follows a fair launch model with no pre-mine or ICO. All tokens are generated through mining, suggesting a fair distribution mechanism without founder advantages.
Crypto Impact
To assign a comfort level investing in YENTEN 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 YENTEN.
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.