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

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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 ..

Market Cap

Name (Ticker)
Viacoin (VIA) Price, Market Cap and more | Coinopsy
Price (USD)
$0.239407426259
Rank
217
Active Supply
23.2 million
Total Supply
23.2 million
Max Supply
23.2 million
Volume(24H)
125939
Market cap
5.5 million
Fun Name
Eco Mine
Website Links
Social Links
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Viacoin (VIA) Chart

Pros of Viacoin (VIA)

  • Transaction time
  • Recyclable mining

Cons of Viacoin (VIA)

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

Viacoin (VIA) Review | Coinopsy

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 (VIA) Key Features

  • Aux Proof of Work
  • Modified DarkGravityWave difficulty algorithm

Viacoin (VIA) Problems that ViaCoin solves

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 have 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 algorithm was implemented to address flaws that it’s predecessor faced such as the Time Warp Attack.

Viacoin (VIA) Features

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.

Cons

Altho ViaCoin has some very innovative features its one amongst 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.

Summary

ViaCoin are 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

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