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What is Viacoin (VIA) and how does it work?

by Financial Economy

Viacoin (VIA) is a cryptocurrency project that uses a proprietary mining algorithm. VIA mining has advantages thanks to the special algorithm that uses the Scafft mining infrastructure. It is seen that miners can mine much faster with the same hardware, and in addition, it is about 30 times faster than Bitcoin in terms of transaction speed. Information about some topics that what is Viacoin (VIA), how it works, how to buy it, on which exchange, how much is it, etc. is in continuation of the article. You can check out here for informaiton about Chainge (CHNG) coin.

What is Viacoin (VIA) and how does it work?

Viacoin is the network’s own cryptocurrency with this mining-focused cryptocurrency project. VIA, which is designed especially for people to make small payments, receives almost no transaction fees and can be used in daily trading transactions.

VIA, which has made a name for itself with its scalability solutions, is one of the projects that offers solutions in these days when everything and everyone is turning to the digital sector. Although Bitcoin is still the leading cryptocurrency, an average transaction fee of up to $11 makes it difficult to use it in daily transactions.

Viacoin mining!

A kind of mining system, which we can call split mining, is implemented on the Viacoin platform. According to this system, it is possible to mine two different cryptocurrencies at the same time. We can say that this kind of technology provides great advantages for miners. While expressing how the Viacoin project works, let’s not go without mentioning that the network also supports Segregated Witness (SegWit) and Lightning Network features. These features were innovations developed for the scalability of the Bitcoin (BTC) network. The Viacoin platform also has a more scalable structure thanks to these solutions.

Which exchange is VIA coin on?

Viacoin is listed on some cryptocurrency exchanges such as YoBit, Bittrex, etc.

How to buy VIA coins?

Viacoin can be purchased from listed some cryptocurrency exchanges, like mentioned above. However, before trading, it is necessary to make sure that the exchange and the crypto project are “RELIABLE”. It is so important point for investors.

VIA coin supply!

Total supply of Viacoin is 23.174.755 VIA.

VIA coin price!

As of August 11, 2022, at the time of the writing, 1 Viacoin price is around $0,202 (because of the volatility on crypto market the price can change instantly).

Caution: The information contained in this content is for general informational purposes only. It is not investment advice.

For information about cryptocurrency: https://en.wikipedia.org/wiki/Cryptocurrency

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