Yibitcoin Fees
Deposit, Trading & Withdrawal fees
Yibitcoin Exchange Fees
by exchange site
Dep. Deposit fees | Trade Trading fees | Withdrawal Withdrawal fees | ||
---|---|---|---|---|
- | 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
Website
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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