Blockchain: YTRANSFER CONFIDENTIALITY IN YOUR HANDS

YTRANSFER CONFIDENTIALITY IN YOUR HANDS

What is Ytransfer ?

Ytransfer is an experimental digital currency that allows instant payments to anyone, anywhere in the world.

Ytransfer is based on CryptoNote, an application-level protocol that supports several decentralized digital currencies that are confidential-oriented. It is aimed at the evolution of the ideas behind Bitcoin

Ytransfer uses a distributed public book, which records all balances and transactions of the embedded currency, such as bitcoin. Unlike bitcoin, Ytransfer transactions cannot be followed through the blockchain in a way that reveals who sent or received coins. The approximate amount of a transaction can be known, but the origin, destination, or actual amount cannot be learned. The only information available is that the actual amount was lower than the displayed amount. The only people with access to the whole set of data about a transaction are the sender or receiver of the transaction and the person who possesses one or both secret keys.

YTRANSFER FEATURES

YTRANSFER DIGITAL CURRENCY, WHICH MAY BE USED ON THE INTERNET AND IN THE REAL WORLD

Ytransfer uses CryptoNote technology to use a transaction database in the form of a chain of blocks, similar to Bitcoin’s database. Ytransfer is also protected from modification by the method of proof-of-work based on the hash.

YTRANSFER DESCRIPTION

Name: Ytransfer

Ticker: YTR

Maximum total coins: 18,000,000 (12 decimals)

Block time target: 240 seconds 4 minute (2.5 x faster than Bitcoin)

Minimum transaction fee: 0.001 YTR

Algo: Cryptonight, Proof of Work (Proof of Activity at a later update)

Mining type: CPU efficient,

ASIC resistant

Block reward: 68.65 YTR

YTRANSFER TRANSACTIONS

Ytransfer uses one-time addresses as recipient addresses and ring signatures indicating at the same time the right to dispose of one of the outputs that form the specified amount, but not to determine which of the listed outputs the sender used.

The Ytransfer blockchain is resistant to any detailed analysis. All transactions in the Ytransfer network and messages transfers are unlinkable.

The distribution of Ytransfer occurs with a fair ASIC-sustainable process of mining. Reward per block = 68.65 YTR will gradually decrease after each block found. . The Ytransfer network is therefore scheduled to produce 18 million YTR

Ytransfer is an open source project on Github, released under the MIT license, which enables anyone who wants to edit, modify and copy software and distribute.

Ytransfer infrastructure allows every user from all around the world to transfer their money instantly and without fees. The only thing you need is a device connected to Internet.