YOUChain has been referred to as the “next generation of public blockchain”. YOU Chain was founded by Feng Zhao (the current CEO), Jun Lu, and Lei Zhang (the current CTO). The YOU Chain network was designed to be a blockchain in the world of personal digital value/personal value items. It has since been regarded as a “great leap forward towards the new era of personal digital value/personal virtual items” in the world of blockchain.
YOUChain Network is imagined as a blockchain-based operation system. The YOUChain Network set up the platform to serve as an avenue for the creation of personal virtual items. The network aims to achieve this by creating a public blockchain that supports a high volume of concurrent transactions, promoting an open platform for developing DApps and the creation of an autonomous user platform.
YOUChain is committed to providing a structure for internet users, which allows them to produce personal virtual items, and also trade personal virtual items by themselves. It was built in such a way that it caters for the need of every user of the blockchain, meaning that it is individual conscious. It does all these while creating a decentralized system and an entertaining blockchain-based platform.
So much benefit is given to the user, such that they can produce their personal value items with ease and speed. With the use of DApps, developers will get access to an almost unlimited source of ideas to give users more creative ability. Their signature App “YOU” is available for download on the App store.
The YOUChain platform gives users the ability to create personal virtual items, according to the rules and principles of community autonomy. The platform has an architecture that is very similar to the Ethereum system. The platform also aids the distribution of personal virtual items with high concurrency and low barriers to entry. The YouChain Network makes use of smart contracts in the production and distribution of personal virtual items.
Introductory Guide to YOU Token
The digital cryptographically-secured utility token of the YOU Chain network is (YOU). YOU is a major component of the YOU Chain Network ecosystem. It is designed to be used only on the YOU Chain Network. The YOU Chain Network locks a particular amount of YOU so that secondary personal virtual items can be released on the YOUCHain Network. The locked YOU can later be bought at the original distribution price by the personal virtual items issuer.
YOU is a non-refundable token that will be used as a medium of exchange by members of the YOU Chain Network. The reason for introducing YOU is to foster a convenient and secure environment for participants of the YOU Chain Network. YOU is intended for use in any transaction carried out on the YOU Chain Network platform for example; transaction fees, service fees, miner fees. It is important to note that YOU token does not in any way include incentives, shares, and are non-refundable.
Advantages of YOU ChainCryptocurrency
The YOUChain comes with a reasonable number of benefits, and users of this digital currency enjoy various benefits. These advantages include;
When compared to other public blockchains, the YOU Chain gives internet users the benefit of a speedy process. It uses a method that produces personal virtual items through a virtual segment with its own technology named Quick-Offering. This technology increases the rate of production by lightning speed, allowing users to have access to their products in almost no time.
Professional and Resourceful Team
The presence of a resourceful and serious-minded team committed to giving users the best experience, by creating a unified platform is one of the benefits that users of this blockchain enjoy. The zeal, coupled with the vast knowledge and expertise of the YOUChain Network team members makes the YOUChain a top tier blockchain. When compared to other blockchains, the difference in performance is glaring.
The YOUChain also gives way for joint innovations. It does this by providing a DApps platform based on agreement, expandability, trustworthiness, and transparency while making a friendly applet environment. Virtual machines and RPC interface allows the DApps platform created by the YOUChain Network team, the capacity to communicate with other public blockchains.
Key features of YOUChain Cryptocurrency
With the use of a YPoS consensus mechanism and investment model, YOUChain has been implementing significant commercial applications. In accordance with its slogan of “One Mobile Device One Node, Everyone can Participate”, YOU Chain has set out to produce a public blockchain high-performance and expansibility. YOU Chain has the following features;
The BFT consensus algorithm “YPoS” based on VRF and PoS, allows a vast number of nodes to conduct consensus.
To further its “decentralization” objective, any device can serve as a node in the network.
Through sharding intelligently, YOUChain positively increases transaction speed on its blockchain.
YOUChain also initializes Super Routing, which was created for both home and mobile networks. It helps to increase productivity in complex communication environments.
History of YOUChain
2009 was the beginning of things for the world of digital currency, better known as cryptocurrency. The very popular bitcoin was born in that year, which paved the way for other cryptocurrencies. And in the year 2013, smart contract was introduced, with the birth of Ethereum. Ethereum allowed for decentralized digital computers, which enabled individuals or entities to carry out transactions bereft of proprietorship.
Following the rise of bitcoin and Ethereum in 2009 and 2013 respectively, the world of digital currency experienced massive growth in the number of active users before the end of 2017. This growth caught the attention of companies and groups worldwide
In the same 2017, the YOU chain had created a feat in the personal digital value/personal virtual items world. The YOUChain Network, went on to break grounds as an application platform that devised and actualized their goals and aims as a platform for personal digital value.
YOUChain trading history
YOUChain has been performing well in recent times. With a starting price of approximately 0.02USD, YOU Coin had a good and fair start. In December 2018, YOU Coin hit an all-time low of 0.003517 USD.
YOU Coin currently holds a market cap of 43,752,563 USD. In August of 2019 to be precise, YOU Coin reached an all-time high of 0.107058 USD.
YOUChain has a total supply of 2,736,000,000 YOU Coin released into the market. It is also estimated to have reached a circulating supply of 734,466,696. The YOU Chain also performs well against trading pairs. For example, it trades at 0.059563 USD against OKEx and even trades well against many other blockchains.
Where to buy YOUChain
It is important to note that YOU Chain (YOU) is a digital currency token issued on the Ethereum platform. Even though only a few platforms offer the trading of YOU Chain, it is available for trading on most of the leading crypto trading platforms in the world.
4. OKEx Korea
Where and How to Store YOU Chain
It is good to note that the best way to store any digital currency is to use a hardware wallet, a multi-signature wallet, or a cold storage wallet. Any individual or organization looking to trade or hodl YOUChain need to make sure that they have a wallet to store their coin. To use a crypto wallet, two things are needed; a private key and a public address.
It is advisable to use any of the below mentioned wallet to store a large amount of YOU Coin, as it is safer and easier to assess. Hardware wallets are the most secure because unless a third party has the hardware on which your coin is stored, it is impossible for them to gain access to your cryptocurrency. It is also safe to store your crypto on a wallet that is away from the other online crypto-wallets. There are a few wallet that can be used to store the YOU Chain remotely, here are a few;
- Electrum Wallet
- Infino Wallet
There are many online platforms that an individual can use to store his or her cryptocurrency easily these are referred to as “Hot wallets”. By making use of these platforms, an individual can store any cryptocurrency of his preference, including the YOU Chain. The following are platforms an individual can store his or her crypto in;
YOU Chain team
The YOUChain team comprises numerous people. The top members of the YOU Chain team include most of the people who founded the YOUChain, and the people behind its day to day operations.
The top team consists of; Feng Zhao, who is the founder and CEO of YOU Chain, and was once the technical director of Alipay. Lei Zhang is also a founding member of the top team and CTO of YOU Chain. Jun Lu, also founded YOU Chain alongside Feng Zhao and Lei Zhang.
Other members of the top team are; Changbin He, Shuaizhen Liu, Ivy Huang. They are committed to making YOU Chain readily available to members of the public.