What is Viacoin?

"Viacoin is an open source crypto-currency created in 2014, derived from the Bitcoin protocol that supports embedded consensus with an extended OP_RETURN of 120 byte. Viacoin features Scrypt Merged mining, also called Auxiliary proof of work or AuxPoW, and 25x faster transactions than Bitcoin. Viacoin mining reward halving takes place every 6 months and has a total supply of 23,176,392 coins.

The inflation rate of Viacoin is low due to minimal mining reward. As the block reward of Viacoin is low, miners are given incentive to mine Viacoin through Merged mining (AuxPoW). Viacoin is currently mined by one of the biggest mining pools (F2Pool) with a very high hashrate.

Other features include a mining difficulty adjustment algorithm to address flaws in Kimoto’s Gravity Well (DarkGravityWave), Versionbits to allow for 29 simultaneous Soft Fork changes to be implemented at a time, Segwit and the Lightning Network."

-Viacoin.org
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General

TICKER SYMBOLS
VIA
AGE
5 years old (July 17, 2014)
CURRENT PRICE
$0.522659
Updated 1 minute ago via cryptocompare.com
CHEDDUR ALL TIME HIGH
$6.44
Last year
CIRCULATING SUPPLY
23,145,571 coins
Updated 12 seconds ago via coinmarketcap.com
MARKET CAP
$12,064,727
Updated 2 minutes ago

Technical

BLOCKCHAIN / LEDGER
Uses own
MONETARY POLICY
Maximum Supply (23,176,392 coins)
PRE-MINED / RESERVED
No
CONSENSUS MECHANISM
Proof of Work (PoW)
MINEABLE / STAKEABLE
Yes
AVERAGE CONFIRMATION TIME
24s
CURRENT BLOCK REWARD
0.156 coins
HASHING ALGORITHM
Scrypt
DIFFICULTY ADJUSTMENT
Every block (~24 seconds)