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Viacoin is an open-source cryptocurrency created in 2014, derived from the Bitcoin protocol, designed for fast and flexible digital payments. It supports an extended OP_RETURN of 120 bytes for various applications, including micropayments. Utilizing Scrypt hashing, Viacoin ensures security and scalability. Key innovations include Segregated Witness (SegWit), Auxiliary Proof-of-Work (AuxPoW), Lightning Network, and Dark Gravity Wave, enabling transactions 25 times faster than Bitcoin. It also supports merged mining with other Scrypt-based cryptocurrencies like Litecoin. With a supply of 23,174,754.6077522 VIA and efficient block reward halving every six months, Viacoin maintains a low inflation rate. Its last known price was $0.39953236, with minimal trading activity recently. More details can be found on the official website, http://viacoin.org.
Viacoin is an open-source cryptocurrency created in 2014, derived from the Bitcoin protocol, designed for fast and flexible digital payments. It supports an extended OP_RETURN of 120 bytes for various applications, including micropayments. Utilizing Scrypt hashing, Viacoin ensures security and scalability. Key innovations include Segregated Witness (SegWit), Auxiliary Proof-of-Work (AuxPoW), Lightning Network, and Dark Gravity Wave, enabling transactions 25 times faster than Bitcoin. It also supports merged mining with other Scrypt-based cryptocurrencies like Litecoin. With a supply of 23,174,754.6077522 VIA and efficient block reward halving every six months, Viacoin maintains a low inflation rate. Its last known price was $0.39953236, with minimal trading activity recently. More details can be found on the official website, http://viacoin.org.
Viacoin is an open-source cryptocurrency that was created in 2014, deriving its framework from the Bitcoin protocol. Unlike Bitcoin, Viacoin offers faster transaction speeds, being 25 times faster due to its support for innovative technologies such as Segregated Witness (SegWit), Auxiliary Proof-of-Work (AuxPoW), and the Lightning Network. Viacoin also facilitates embedded consensus through an extended OP_RETURN of 120 bytes, enabling secure micropayments and other digital applications.
Viacoin enhances transaction speed and security by incorporating key technologies such as Segregated Witness (SegWit) and the Lightning Network, which optimize block size and enable off-chain transactions, respectively. The use of the Script hashing algorithm further increases security, while Auxiliary Proof-of-Work allows Viacoin to be merge mined with other Script cryptocurrencies like Litecoin, enhancing network resilience and block validation efficiency.
Viacoin offers several benefits for digital payments, including high transaction speed—up to 25 times faster than Bitcoin—and flexible transaction handling, supported by its extended OP_RETURN for secure micropayments. Its technology stack that includes SegWit and the Lightning Network enhances scalability and reduces costs. Additionally, Viacoin's low inflation rate, further ensured by regular block reward halvings, provides economic stability.
Viacoin manages inflation through a strategic mechanism of halving the block rewards every six months, which helps maintain a low inflation rate by gradually reducing the number of new coins entering circulation. This controlled issuance supports Viacoin's economic model by increasing scarcity over time, similar to Bitcoin’s method, thereby aiming to preserve the coin’s value in the long term.
Viacoin holds relevance in the cryptocurrency industry by providing a fast and flexible alternative to Bitcoin. Its robust technological infrastructure supports quick micropayments and other digital transactions, making it suitable for modern commercial needs. Viacoin also supports merged mining with Litecoin, enhancing its utility. Despite a current zero trade volume, its resilience and innovative features make it a noteworthy option in the world of crypto finance.
If a Viacoin transaction is stuck, it is advisable first to check the transaction status on a Viacoin block explorer to confirm its network broadcast status. Often, delays can be due to network congestion or insufficient transaction fees. Consider sending a higher fee through the replace-by-fee (RBF) option if available, or check your wallet settings for any issue that might have caused the delay. For persistent issues, consult with the Viacoin community or support resources on their website.
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