NYC/PKR: Convert NewYorkCoin (NYC) to Pakistani Rupee (PKR)

NewYorkCoin (NYC) is a digital asset that was launched in 2014. It is a type of cryptocurrency that aims to provide lightning-fast transactions with no fees. The primary goal of NYC is to facilitate daily retail-level transactions, making it a practical choice for everyday use. It is an open-source project, meaning its development is ongoing and its source code is freely available for anyone to review or contribute to. The NYC network is decentralized, anonymous, and secure, striving to offer a free worldwide remittance network that is easily accessible across various operating systems.

NewYorkCoin operates on a decentralized network, which means it doesn't rely on a central authority or third-party facilitators. It aims to confirm transactions over 20 times faster than Bitcoin and over 5 times faster than Litecoin, with confirmations occurring every 30 seconds. This speed is a key feature of NYC, as it allows for near-instant transactions, making it suitable for time-sensitive consumer purchases. The absence of transaction fees on the NYC network is another distinguishing feature, as it allows users to send and receive funds worldwide without incurring any costs.

NewYorkCoin seeks to be a practical solution for daily retail-level transactions. Its fast transaction confirmation times and absence of fees make it a potentially suitable choice for everyday purchases. The coin aims to be used at retailers worldwide, providing a digital payment option that is both quick and cost-effective. Furthermore, as a decentralized, anonymous, and secure network, NYC could also be used for remittances, allowing users to send funds across borders without the need for intermediaries or the incurrence of high fees typically associated with such transactions.

NewYorkCoin was launched in 2014 by an anonymous developer. The launch came shortly after the announced prosecution of Charlie Shrem, a prominent figure in the cryptocurrency world, by New York authorities. Since its inception, NYC has been striving to provide a practical solution for daily transactions, with a focus on speed and cost-effectiveness. The coin's development is ongoing, with its open-source code available for anyone to review or contribute to. In January 2018, NYC's valuation experienced a significant increase, highlighting its potential in the digital asset market.