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

Viacoin (VIA)

Viacoin (VIA) - Eco Mine

ViaCoin sets out to be a improved Bitcoin. Based on the scrypt algorithm, ViaCoin has implemented techniques that make it run faster and allow it to be more mining efficient...
Pros Cons Related Cryptos Review
Viacoin's current price is $0.189 USD. In the past 24 hours, Viacoin's price has decreased by -0.0 percents..
VIA
Name (Ticker)
Viacoin (VIA)
Price (USD)
$0.189114369721
Rank
265
Active Supply
23.2 million
Total Supply
23.2 million
Max Supply
23.2 million
Volume(24H)
70718
Market cap
4.4 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 improved Bitcoin. Based on the scrypt algorithm, ViaCoin has  implemented techniques that make it run faster and allow it to be more mining efficient with its Aux Proof of Work.

Key Features

  • Aux Proof of Work
  • Modified DarkGravityWave difficulty algorithm

Mining Multiple Blockchains

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.

Viacoin allows the mining of any scrypt coin while mining ViaCoin through “recycling” hashing power. This basically allows miners to mine multiple blockchains at once without putting the same strain on the miner which Dual mining does.

Speed

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.

Time Warp Attack

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

Conclusion

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.

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