Market Cap: $1,238,196
Maximum coins issued: 92 Million
Hash algorithm: Scrypt
PoW and / or PoS: POW
Is it able to be mined: Yes
Exchanges:Bittrex, Poloniex, Swiss-CEX, BTer, Cryptsy, Atomic Trade, C-CEX
Block explorer: ViaCoin.org, ViaCoin Explorer
Launch date: July 18, 2014
What is the coin’s purpose?
Viacoin is a digital currency similar to Bitcoin that allows the creation of applications on top of the Viacoin block-chain in a similar way that email and web are built on top of the internet protocol.
[That] allows the building of fully decentralized exchanges, issuing of new currencies, asset tracking, betting, digital voting, reputation management and even form the basis of fully decentralized marketplaces. Our protocol for this will be called ClearingHouse.
The ClearingHouse protocol is much faster than Bitcoin, and is therefore a much better solution for building alternative software. The Bitcoin development team removes “block-chain bloat” from its own block-chain frequently, and it considers anything that isn’t Bitcoin currency related as block-chain bloat.
What problem does it solve?
Viacoin solves the problem that most coins only function as a currency, but do not provide a framework to build alternative technologies around them. Via Viacoin’s ClearingHouse protocol, developers can develop many different services. That helps to propel possible blockchain technology forward.
Who are the developers?
BTCDrak – Developer. BTCDrak was inspired by Bitcoin in April 2013. He had some technical debates on Bitcointalk about Mastercoin back in September 2013 and ultimately used his own ideas in Viacoin. You can read the full story of Viacoin on the Viacoin blog.
What are the coin’s future endeavors?
The roadmap looks something like this:
The Viacoin team has been busy and was unavailable for an interview. I researched the answers to the above questions on the Viacoin website as well as the BitcoinTalk announcement thread for Viacoin. It’s very unusual to see a new coin come so far in such a short period. In fact, I don’t think I’ve ever seen a coin do that before. Congratulations to the Viacoin team.
Disclosure: I do not possess any Viacoin and am not part of their operations in any way.
Last modified: July 29, 2014 22:53 UTC