On July 18th, Ycash will fork away from Zcash. Ycash will launch at block height 570,000. All Zcash holders will be airdropped Ycash coins at a 1:1 ratio.
Ycash project is a completely independent entity from both the Electric Coin Company and the Zcash Foundation.
The new Ycash fork will be changing the founders reward to rate to 5%, Changing Proof of Work algorithm to be Equihash(192,7) and changing the addresses to start with “yc” instead of “zc”.
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