New York Coin (NYC): An Open Letter to New York City Mayor-Elect
I'd like to take this opportunity to congratulate you and your team on your recent victory and to express enthusiasm for your vision of a crypto-friendly New York City. Your recent and vocal support for Bitcoin and it's revolutionary blockchain technology is extremely encouraging. As you and your team begin to navigate the vast array of existing cryptocurrencies and blockchains, I want to introduce you to: NewYorkCoin (NYC) https://nycoin.net
New York Coin, aka NYCoin, (symbol: NYC) is a fair launch, no pre-mine, original blockchain cryptocurrency that was published at GitHub code repository on March 6, 2014 https://github.com/nycoin/nycoin. NYCoin is completely open source code designed for daily payments with specs usable at the retail level, worldwide. Boasting the earliest fast transaction confirmations (every 30-seconds compared to every 10 minutes for Bitcoin) in combination with no cost ($0 fee) worldwide transmission enable a fee-free worldwide remittance network and merchant services platform. Turnkey. Proven since 2014.
Anyone can begin accepting NewYorkCoin (NYC) today simply by downloading a wallet that supports NYCoin, [ https://www.coinomi.com/asset/newyorkcoin/ ] and sharing their NYC deposit address or QR code. It's just that simple. Conversion into fiat (US Dollar, Euro, Yen, etc.) and original purchase is performed at a cryptocurrency exchange. If your preferred cryptocurrency exchange does not currently trade NewYorkCoin (NYC), contact them and request they start today!
Just like the city it's named after, NYC has a rich and intriguing history. NYCoin launched anonymously during a time when New York financial regulators had their crosshairs on Bitcoin start-ups. Almost as a strike back to the announced prosecution of Charlie Shrem and BitInstant, an anonymous developer(s) published a modified version of Dogecoin eliminating the transaction fee and speeding up confirmation time two-fold (30-seconds vs 1 minute). Making NewYorkCoin a no fee version of Bitcoin ideally suited for time-sensitive daily transactions.
NewYorkCoin offers a bridge into the emerging world of Decentralized Finance - DeFi. Wrapped-NewYorkCoin (WNYC) [ https://wrappednyc.com/ ] is currently implemented on the Binance Smart Chain, which offers lower fees compared to the Ethereum network. An owner of NewYorkCoin (NYC) can seamlessly convert into Wrapped-NewYorkCoin (WNYC), and vice-versa, at any time. This DeFi bridge enables exposure to decentralized exchanges (DEX), yield farming, dApps, NFT's and more.
Although having a cool name, NYCoin is not a "local" cryptocurrency. NewYorkCoin (just the name of the codebase) is downloaded and running on a decentralized network of peer-to-peer computers, worldwide [ https://chainz.cryptoid.info/nyc/ ]. NYC Coin is a modified version of Bitcoin, just like Litecoin and Dogecoin. Original payments cryptocurrency with a proven blockchain since 2014.
NewYorkCoin can be mined (transactions confirmed) individually or mined in tandem with Litecoin or Dogecoin due to them all being written using the same cryptographic algorithm, scrypt [ https://en.wikipedia.org/wiki/Scrypt ]. This means NewYorkCoin (NYC) can be mined for free by any computer already mining Dogecoin or Litecoin, enabling NYC to be a completely zero carbon footprint cryptocurrency :)
The Original Lightning-Fast, NO FEE Payments Crypto
NYCoin development team is easily accessible online and the community is welcoming. The most recent development activity can be viewed here https://github.com/NewYorkCoinNYC.
Bitcoin is a store of value. NewYorkCoin is a payments crypto.
Thank you for your time Mayor-Elect, and congratulations again!
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