What is Viacoin?
Viacoin is a proof-of-work cryptocurrency that was built in 2014 by a Bitcoin Core developer. Viacoin transactions are confirmed every 24 seconds, which is much faster compared to other popular cryptocurrencies like Litecoin (2,5 minutes) and Bitcoin (10 minutes).
How does it work?
Viacoin is mined using merged mining (AuxPow), which allows Scrypt miners to mine viacoins for free. Viacoin is currently being merged mined by large Litecoin pools, resulting in a very high network hashrate.
What Viacoin aims to solve?
Viacoin was built for fast and secure microtransactions. Most cryptocurrencies have long confirmation times, high transaction fees and fail to offer a user friendly experience. Viacoin aims to offer the ultimate cryptocurrency experience for both merchants and customers by supplying them with user friendly wallets and easy-to-use payment gateways.
What are the features of Viacoin?
24 second block time
Near-zero transaction fees
Native Segwit support
Viacoin Lightning Network