What is YENTEN?
YENTEN is a cryptocurrency that was launched in April 2017. It is an open source, decentralized digital currency based on the CryptoNote protocol. The main goal of YENTEN is to provide users with a secure and private way to send and receive payments without the need for a third party or middleman. YENTEN also has some unique features such as its low transaction fees, fast confirmation times, and privacy-focused technology.
YENTEN uses a Proof-of-Work (PoW) consensus mechanism which allows miners to compete for rewards by solving complex mathematical puzzles. This ensures that transactions are processed quickly and securely while keeping costs low. Additionally, YENTEN utilizes RingCT technology which hides the sender’s address, amount sent, and other details from public view.
The main advantage of using YENTEN is its privacy-focused approach to digital payments. Transactions are not visible on the blockchain, meaning they cannot be traced back to any individual or organization. This makes it ideal for those who want to keep their financial activities private.
YENTEN can be purchased from various exchanges including Bittrex, Cryptopia, and Livecoin. It can also be mined using CPU or GPU mining rigs or cloud mining services like NiceHash.
Overall, YENTEN offers users a secure and private way to make digital payments without having to worry about their financial information being exposed. Its low transaction fees and fast confirmation times make it an attractive option for those looking for an alternative form of payment.
