YENTEN

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.