Viacoin (VIA) Review, Price, Market Cap and more | Coinopsy

Viacoin (VIA) Review, Price, Market Cap and more

Viacoin (VIA) - Eco Mine

ViaCoin sets out to be a better Bitcoin. Based on the scrypt algorithm ViaCoin has  implemented techniques to make it run faster and be more mining efficient with its Aux Proof of ..
Viacoin's current price is $0.117 USD. In the past 24 hours, Viacoin's price has increased by +1.0 percents..
Name (Ticker)
Viacoin (VIA)
Price (USD)
$0.117468414692
Rank
237
Active Supply
23.2 million
Total Supply
23.2 million
Max Supply
23.2 million
Volume(24H)
87686
Market cap
2.7 million
Fun Name
Eco Mine
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Pros

  • Transaction time
  • Recyclable mining

Cons

  • Redundancy
  • Innovative features
  • No physical or digital backing (asset, profits, commodity)

Review

ViaCoin sets out to be a better Bitcoin. Based on the scrypt algorithm ViaCoin has  implemented techniques to make it run faster and be more mining efficient with its Aux Proof of Work.

ViaCoin is solving problems that don’t seem to be out of the scope for Bitcoin. Bitcoin has already successfully tested faster transaction times and will continue to get better so long as it grows, making ViaCoin and coins like it almost obsolete.

This allows any coin mining a scrypt coin also be able to mine ViaCoin through “recycling” hashing power. This basically allows miners to mine multiple blockchains at once without putting the same strain on the miner that Dual mining does.

ViaCoin reduced the transaction time of it’s network by a factor of 25 compared to that of Bitcoin. It’s 25 times faster than Bitcoin and has a similar supply cap.

Viacoin is designed for recyclable mining. A miner can mine any other Scrypt based coin and in turn mine ViaCoin with little to no impact on the hash rate.

This difficulty of the algorithm was implemented to address flaws that its predecessor faced due to Time Warp Attack.

Although ViaCoin has some very innovative features its one among many in the pot of alt coins that are trying to be the next Bitcoin. While it may be faster and down right better at doing what Bitcoin does than Bitcoin it’s not alone with its merits and goal.

Key Features

  • Aux Proof of Work
  • Modified DarkGravityWave difficulty algorithm
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