We can express the Viacoin (VIA) project as an open source and innovative crypto money project. Derived from the open source code of the original cryptocurrency Bitcoin (BTC), Viacoin utilizes an improved consensus algorithm. We can say that the main goal of the Viacoin project is to perfect the online payment transactions. It is stated that the Viacoin platform has the potential to achieve this goal, thanks to its design and technology. Viacoin, which has been serving in the market for many years, was the subject of this content. Throughout the content, we will talk about the data for Viacoin and the contribution of the platform to the ecosystem. We will also include some technical data about VIA coin, the crypto money of the Viacoin platform.
Although the Viacoin project is a very old crypto money enterprise, it has recently managed to attract the attention of users. As it is known, the first cryptocurrency in history is Bitcoin (BTC). The structure of Bitcoin allows everyone to benefit from blockchain technology. Open source BTC stands out as a platform that developers can use. Here, the developers of the Viacoin project took advantage of this opportunity and implemented this new crypto money. We can say that Viacoin, which uses the protocol that Bitcoin has, exhibits its features. In other words, Viacoin can be defined as a decentralized peer-to-peer payment platform. As you know, this was one of the main functions of Bitcoin. Although it is similar to Bitcoin’s structure, we can say that Viacoin differs in some features. These features make the cryptocurrency unique. To give an example of these features, we can talk about Viacoin’s computing power algorithm. Also, Viacoin uses a complex mining structure unlike BTC.
There are many projects developed using Bitcoin’s code in the cryptocurrency market. Cryptocurrencies derived from Bitcoin hard forks can also be included in this category. So, is Viacoin a project that has the potential to be successful by standing out from all these cryptocurrencies? The answers to this question may vary from person to person. The technology of the project, the development dynamics and the roadmap drawn by the team are among the criteria to be considered when answering this question. On the other hand, the usage areas provided to VIA coins should also be checked before answering the question. Accordingly, it will be easier to have an idea about the adoption rate of this project. As we always say, investors should do their research in detail and make their own decisions.
When Was Viacoin (VIA) Launched?
Viacoin (VIA) has been in the cryptocurrency market since 2014. We know that the project has seven anonymous developers. These developers prefer not to share any information outside of their GitHub accounts. In 2018, the Viacoin project applied some innovations to cryptocurrencies. Among these applications, there are items such as Trezor support, General Bytes ATM support, support of multi-signature wallets or taking part in similar platforms. Let’s also mention that the Viacoin project has many competitors in the crypto money ecosystem. There are many entrepreneurs in the market focused on perfecting cryptocurrency transactions. According to the statements of the team, VIA coin has high qualifications to provide service quality beyond all its competitors. Considering that the project is constantly being updated and developed in order to be the best, we can say that the team exhibits a good working example.
How Does Viacoin (VIA) Work?
The Viacoin (VIA) platform takes advantage of certain features to provide faster transaction services to its users. It is possible to say that these features are unique developments that are not included in other projects in the market. Thanks to these improvements, users can make fast transactions and gain mobility between different blockchains. The consensus algorithm used by the Viacoin platform is called Assistant Proof of Work. Viacoin is an ASIC resistant cryptocurrency using the Scrypt mining algorithm. According to BTC’s algorithm, the VIA coin algorithm can greatly reduce the effectiveness of ASICs. However, we can say that the new ASICs developed by certain mining companies recently also cause the Viacoin project to be ASIC resistant.
A kind of mining system that we can translate into our language as split mining is implemented on the Viacoin platform. According to this system, it is possible to mine two different cryptocurrencies at the same time. We can say that this kind of technology provides great advantages for miners. While expressing how the Viacoin project works, let’s not go without mentioning that the network also supports Segregated Witness (SegWit) and Lightning Network features. These features were innovations developed for the scalability of the Bitcoin (BTC) network. The Viacoin platform also has a more scalable structure thanks to these solutions. It would not be wrong to say that the project team continues their work with great devotion. We see that Viacoin is constantly witnessing great innovations.
Viacoin (VIA) Price
The charts showing the Viacoin price point to a value of $0.2533, according to the data received at the time this content was prepared. The highest price the crypto money has reached so far has been recorded as $ 6.9. As of November 2021, the lowest value seen in the last year is seen as $0.17. According to the introductory documents of the project published by the Viacoin team, it was stated that a total of 23 million VIA coins will be offered to the market. All of this amount has been put into circulation so far. Accordingly, new VIA coins will not be included in the market.
Where to Buy Viacoin (VIA)
A limited number of exchanges can be used to procure the cryptocurrency of the Viacoin (VIA) platform. VIA coins, which we saw not yet listed by well-known exchanges, were supported by only two exchanges at the time this content was prepared. Of course, the only way to buy VIA is not through exchange platforms. It is also possible to procure this cryptocurrency through non-exchange methods. However, users generally prefer cryptocurrency exchanges with the expectation that they will be safe. Exchanges that support VIA coin on its platform are known as Bittrex and YoBit.
