Yibitcoin Fees

Deposit, Trading & Withdrawal fees

Yibitcoin Exchange Fees

by exchange site

	Dep. Deposit fees	Trade Trading fees	Withdrawal Withdrawal fees
CoinEgg	-	0.1%	0.5%	Sign up

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What is Yibitcoin?

YiBitcoin is a cryptocurrency like Bitcoin, although it does not use SHA256 as its proof of work (POW). Taking development cues from Tenebrix and Litecoin, YiBitcoin currently employs a simplified variant of scrypt.

Cryptocurrency Proof Of Work Scrypt Mining

Launch date n/a

Development status Unknown

Whitepaper n/a

Org. Structure Unknown

Open source Yes

HD Wallet No

Consensus type Proof of Work

Hash algorithm Scrypt

Yibitcoin sites

Explorer

http://block.yibitcoin.com/

Source code

https://github.com/yibitcoin/yibitcoin

Website

http://www.yibitcoin.com/

Coin categories

Cryptocurrency

Digital asset designed to work as a medium of exchange that uses cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets.

Proof Of Work

Algorithm wherein the more a miner pays for the computing equipment required to crack the cryptographic puzzle, the better chances there is to score the right to mine the blocks.

Scrypt

It’s an algorithm that is used by Litecoin, etc. (ASIC mining)

Mining

It's the process by which transactions are verified and added to the public ledger, using computing power

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