Via currency is an open-source digital currency created by the Bitcoin protocol in 2014. It supports embedded consensus and supports extending OP_RETURN120 byte auxiliary. Via Coin features Scrypt merged mining, also known as Auxiliary Proof-Of-Work (often abbreviated as AuxPoW), which is 25 times faster than Bitcoin (24 second block time).

The mining reward for Via is halved every 6 months (the current block reward is 0.3125 coins per block), keeping inflation and mining rewards relatively low. In order to maintain mining interest, merged mining (AuxPoW) has been implemented, where the lion's share of the hash is derived from the Litecoin network. Via coins are currently mined by the world's largest mining pool, F2Pool, thus maintaining a very high hash rate.

Other functions of Via coin include dark gravitational wave mining difficulty adjustment algorithm (Dark Gravity Wave), designed to solve defects in Kimotos Gravity Well, version bit (BIP9), allowing up to 29 parallel soft fork functions in the code Library implementation that also implements Segregated Witness (Segwit) and the Lightning Network.

1. Project introduction

ViaCoin (VIA for short) plans to develop a protocol called "ClearingHouse" to build VIA blocks and allow applications to be built on them. Its total amounted to 92 million. The initial 10 million will only be distributed through the pre-sale, no pre-mined coins will be distributed to developers. The remaining 82 million VIA will be distributed as block rewards over the next 24 years. Vircoin is currently approaching block 7000 with a block confirmation time of 24 seconds. 0 The reward mining period will continue until sometime tomorrow morning. After the block reward starts, every 10,000 blocks, the reward decreases.

VIA currency has the function of Styx, which is characterized by high anonymity and adopts zero knowledge contingent payment proof, which allows users to pay anonymously, safely and quickly, without leaving any traceability in the process Information, so that holders of via coins can safely protect their assets, minus the risk of being stolen by others. Via currency has an atomic currency mixing function, using the smart contract in the Via currency Script function to execute the atomic payment protocol, which allows us to exchange a hash or an elliptic curve cryptography calculation with a Via currency. And the script function of via coin combines encrypted calculations outside the blockchain and uses RSA encryption algorithm, random oracle model (ROM) and elliptic curve cryptography.

Vircoin was created to allow decentralized services on the blockchain, such as trading platforms, asset tracking, and voting. Vircoin's goals are similar to contract coins, Vircoin attempts to solve the problems faced by previous projects by moving decentralized services from the Bitcoin blockchain to a blockchain that explicitly supports such development.

2. Review

Viacoin is an open source cryptocurrency project based on the Bitcoin blockchain. Launched publicly on the cryptocurrency market in mid-2014, Viacoin integrated decentralized asset trading onto the blockchain at a speed never seen before in cryptocurrencies.
This Scrypt-based proof-of-work coin was created to attempt to contrast Bitcoin's structural problems, primarily due to the currency's transition from a digital currency to a fixed store of value like gold, which hinders microtransactions Congested blockchain delays.

Related Links:

https://viacoin.org/
https://info.binance.com/cn/currencies/viacoin
https://medium.com/@DustinKCochran/viacoin-via- in-depth-review-c56fbe76f5a6
https://github.com/viacoin/documents/blob/master/whitepapers/styx/Viacoin-Styx-Whitepaper.pdf