A regrettable pun, but a legitimate question nonetheless

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Leonardo da Vinci, “Annunciation” (circa 1472–74). Image license: CC BY-SA.

Introduction

This is the first in a series of articles that will discuss the brief history, current status, and future of the Ycash digital currency.

Shortly after Ycash was announced in April of 2019, it didn’t take long for us to hear the first (but certainly not the last) utterance of the regrettable pun, “Why Ycash?” Pun aside, it’s a legitimate question: In a world with thousands of digital currencies — including Bitcoin, Zcash, and several code forks of Zcash— why launch Ycash?

In this first article of the “Understanding Ycash” series, we’ll discuss the original motivations that led to the launch of Ycash. …


Backing up your wallet, receiving YEC, and sending YEC to a shielded address

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Introduction

In this article, we will show you how to get started with using YecLite, a lightweight Ycash wallet for MacOS, Linux, and Windows. We will walk you through downloading YecLite, backing up your wallet, receiving YEC into a transparent address, and then sending a portion of that YEC to a shielded address.

Note that screenshots used in this article are from the MacOS version of YecLite and may differ slightly from what you see if you are using either the Linux version or the Windows version.

Step 1: Download the latest version of the authentic YecLite

The latest version of the authentic YecLite is available from this website:

https://github.com/ycashfoundation/yeclite/releases

Any software named YecLite on any other site is fake and very likely malicious. Please, do not download YecLite from any other site. …


Enjoy the power and privacy of shielded Ycash transactions on your personal computer, without needing to download the entire Ycash blockchain

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Introduction

The Ycash Foundation is excited to announce the release of YecLite, a lightweight Ycash wallet that fully supports shielded Ycash transactions on computers running MacOS, Linux, or Windows. Download YecLite now:

https://github.com/ycashfoundation/yeclite/releases

Prior to YecLite, the only way to send or receive shielded Ycash transactions was to use ycashd or YecWallet, both of which require a full copy of the Ycash blockchain (currently over 22 GB in size). With the release of YecLite, it is now dramatically easier to get started with sending and receiving shielded Ycash transactions!

The Importance of a Lightweight Option for Shielded Transactions

To fully appreciate the importance of having a lightweight option for using shielded transactions on personal computers, the requirements for running a “full node” like ycashd or YecWallet should be considered. …

About

Ycash Foundation

Nonprofit dedicated to developing and promoting Ycash

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