New York Coin facts for kids
Quick facts for kids New York Coin |
|||
|---|---|---|---|
|
|||
| User(s) | International | ||
| Nickname | NYC | ||
New York Coin is a peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license. Creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority.
History
New York Coin was released via open-source code published on GitHub on March 6th, 2014 by an unknown developer(s). New York Coin is the only other cryptocurrency in existence, besides Bitcoin, with an unknown anonymous developer still to date. It was a fork of the Litecoin Core client, differing primarily by having a decreased block generation time (30 seconds). NYC Coin has no fees to send and receive funds on network.
Due to the original developer disappearing at launch in March 2014, early cryptocurrency miners and enthusiasts kept the network alive and healthy during New York Coin's infancy. Charlie Kartchner, an early scrypt miner created the website newyorkco.in in March 2014 to ensure coin data, block explorers, wallets and mining pools were all easily accessible. And also got New York Coin (NYC) added to Coinmarketcap in early 2014.
