new mexico news reporter

A Useable Cryptocurrency That Many Haven’t Heard Of Yet – Meet Newyorkcoin.

A Useable Cryptocurrency That Many Haven’t Heard Of Yet – Meet Newyorkcoin.

New York – September 25, 2017 – Practically every cryptocurrency has seen their market values soar over the past few years. As Bitcoin and other major players like Ethereum, Litecoin and Dash have seen their market caps swell into the many billions of dollars – most people are just starting to grasp the concept of digital currencies and feel comfortable to begin investing. But after 100,000%+ stratospheric price gains experienced by most of these coins, is now really the right time to dive in? If like many, you feel like you’ve arrived too late to the party and already missed the boat – I may have found a truly undiscovered gem for you!

Meet NewYorkCoin (www.nycoin.net)

If faster is better, NewYorkCoin has Bitcoin and Litecoin beat. Hands down! NewYorkCoin (NYC) has been quietly building it’s blockchain since March 6, 2014. NewYorkCoin offers 30-second transaction confirmations. This means a block (transaction) is confirmed (verified) on the NYC blockchain (transaction ledger) every 30 seconds! Bitcoin blocks / transactions take 10-minutes each while Litecoin does them a bit faster, verifying transactions every 2 1/2 minutes. Why is this so important? And valuable?

Right now cryptocurrencies are still in their infancy. If you are not a System Admin or have a computer-related degree, cryptocurrency is still way too complicated for most people to use (or even invest in). Most people currently invested in cryptocurrencies are not using them for daily transactions. They are hoarding them for investment.

But some day in the not too distant future, cryptocurrencies will become much easier for the average consumer to both acquire and use. When smartphones and digital currency inevitably replace cash, visa cards and western union, the speed of a transaction confirmation will literally determine a particular cryptocurrency’s usability. A bitcoin, with its 10-minute block cannot be used to purchase a slice of pizza or pay for a taxi or coffee – how many of your daily transactions are time sensitive? Imagine the look from the lady behind you in the grocery store line – waiting for your 10-minute Bitcoin confirmation (no thanks!). The confirmation time (whether you’ve paid the merchant or not) will need to be much faster than that. Even 2 1/2 minutes (Litecoin’s block time) will limit it’s usability in daily transactions.

NewYorkCoin (NYC) is usable in almost all daily purchase scenarios. Offering a proven blockchain since 2014 and 30-second transaction confirmations, NewYorkCoin deserves a serious look. And don’t be fooled by the name, NewYorkCoin is worldwide digital currency on a peer-to-peer network and can be used anywhere with an internet connection. Maybe it was named NewYorkCoin because it’s literally ‘faster than a New York minute’. I truly believe this is an opportunity of a lifetime to get into a cryptocurrency of the future at a rock-bottom price. NewYorkCoin, as of this writing, has a $200,000 total market capitalization. That is not a typo. And each NewYorkCoin is currently priced at a tiny fraction of a cent, similar to Bitcoin in mid-2009. NewYorkCoin is truly an undiscovered and usable digital currency that currently only trades on 1 small crypto-exchange online. I have a feeling that’s about to change, though.

NewYorkCoin was a fair launch (no pre-mine) scrypt-based alt-coin that has its open-source code published at github (nycoin/nycoin). The original developer of NewYorkCoin disappeared at launch and the github account containing the open-source code has never been accessed or modified since its creation in March 2014.

You can learn more about NewYorkCoin at www.nycoin.net

Media Contact
Company Name: NYcoin Foundation
Contact Person: Brandon White
Email: Send Email
Phone: (212) 234-5748
Country: United States
Website: www.nycoin.net

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