Virtacoin

Bitcoin Code Base Scrypt
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News

high speed

core btc dev.

Bitcoin is Good for VirtaPay

VirtaCoin Core (Formal Virtapay)

VIRTACOIN CORE

BITCOIN CORE

  • will be decentralized
  • will be nearly impossible to shut down
  • will have a mathematically limited amount of currency
  • will be steadily created over time by people who contribute computational power ("miners")
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Characteristics::

  1. Launch Date
  2. Type of Coin

  3. Algorithm

  4. Block Time

  5. Confirmations Needed

  6. Transaction Completion Time

  7. Total Coins To Be Mined

  8. Highest Ever Price Per Coin

  9. Addresses (Public Keys)

  10. Difficulty

  11. Equipment For Profitable Mining

  12. Initial Block Reward

  13. Deflation Rate

  14. Network Interconnection

  15. Private Keys

  • July 1,  2014 

  • Scrypt

  • Proof-Of-Work

  • 60 seconds

  • 6

  • 6 minutes

  • 21 billion

  • US$0.12

  • Begin with “1”

  • Retargets every 1 block

  • CPU, GPU & ASIC Scrypt Miners

  • 8000 coins 

  • Block reward reduced by 0.5% each week

  • Can send VirtaCoins to any Bitcoin address

  • Can be imported into some Bitcoin wallets

  • January 3,  2009
  • SHA-256

  • SHA-256 Hashing

  • 10 minutes

  • 6

  • 1 hour

  • 21 million

  • US$1,242

  • Begin with “1” & “3”

  • Retargets every 2016 blocks

  • ASIC Miners

  • 25 coins

  • Block reward halved every 4 years from 2016

  • Can send Bitcoins to any VirtaCoin address

  • Most keys can be imported into VirtaCoin Core

Below is a table that compares the differences and similarities of VirtaCoin and Bitcoin according to certain characteristics.